Madison Place, OH
Population 718 · Ohio
About Madison Place, OH
Madison Place is a small community located in Ohio with a population of 718 residents according to the latest US Census Bureau American Community Survey data. The median household income is $43,542 per year, which is 42% below the national median of $75,149. The median age of 31.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Madison Place features a median home value of $0, which is 100% below the national median of $244,900. This makes Madison Place one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 290 total housing units, 65% are owner-occupied (189 units) and 35% are renter-occupied (101 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Madison Place shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 57.9%, above the national average of 12.4%. Workers in Madison Place have an average one-way commute time of 26.1 minutes.
Education & Demographics
44.9% of Madison Place residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 3.3% of the population being foreign-born.
Cost of Living in Madison Place, OH
Compared to national averages, Madison Place has a median household income of $43,542 (42% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Ohio, Madison Place's income is 39% below the state average of $71,814, and home values are 100% below the state median of $174,449.
Why Live in Madison Place, OH?
Madison Place offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 44.9% of residents hold a bachelor’s degree or higher.
Potential considerations include median household income ($43,542) that falls below the national average. However, Madison Place’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Madison Place has a population of 718 with a median age of 31.6 years. Compare Madison Place with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near Madison Place
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bass Lake | 718 | $133,482 | $290,500 | Compare |
| Adena | 720 | $47,500 | $61,700 | Compare |
| Hamden | 720 | $48,750 | $100,200 | Compare |
| Bentleyville | 715 | $218,750 | $730,900 | Compare |
| Medway | 709 | $88,059 | $173,600 | Compare |
| Hamersville | 706 | $64,482 | $165,000 | Compare |
| Russellville | 706 | $63,750 | $109,200 | Compare |
| Malta | 705 | $35,833 | $98,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Ohio
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Madison Place With Other Cities
Frequently Asked Questions about Madison Place
What is the population of Madison Place, OH?
The population of Madison Place, OH is 718 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Ohio.
What is the median household income in Madison Place?
The median household income in Madison Place, OH is $43,542 per year, which is 42% below the national median of $75,149.
What is the median home value in Madison Place?
The median home value in Madison Place, OH is $0, which is 100% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Madison Place?
The median monthly rent in Madison Place, OH is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Madison Place?
The unemployment rate in Madison Place, OH is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Madison Place, OH a good place to live?
Madison Place offers a moderate cost of living, affordable housing, and a strong job market. With a population of 718 and a median age of 31.6, the city appeals to young professionals and families.
How educated is Madison Place, OH?
44.9% of residents in Madison Place aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Madison Place?
Key cost-of-living indicators for Madison Place, OH: median home value is $0 (100% below national), median rent is $0/month, and median household income is $43,542. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Madison Place?
The poverty rate in Madison Place, OH is 57.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Madison Place, OH?
Madison Place's population is 0.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 30.8% two or more races. 3.3% of residents are foreign-born.