New Madison, OH
Population 804 · Ohio
About New Madison, OH
New Madison is a small community located in Ohio with a population of 804 residents according to the latest US Census Bureau American Community Survey data. The median household income is $64,688 per year, which is 14% below the national median of $75,149. The median age of 47.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in New Madison features a median home value of $107,800, which is 56% below the national median of $244,900. This makes New Madison one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $850, 27% below the national average of $1,163/month. Of the 352 total housing units, 75% are owner-occupied (258 units) and 25% are renter-occupied (84 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Madison shows an unemployment rate of 3.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 15.5%, above the national average of 12.4%. Workers in New Madison have an average one-way commute time of 25.8 minutes.
Education & Demographics
14.7% of New Madison residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.2% White, 0.2% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.4% of the population being foreign-born.
Cost of Living in New Madison, OH
Compared to national averages, New Madison has a median household income of $64,688 (14% below the national median of $75,149). Home values average $107,800, which is 56% below the national median. Monthly rent at $850 is 27% below the US average of $1,163. Within Ohio, New Madison's income is 10% below the state average of $71,814, and home values are 38% below the state median of $174,449.
Why Live in New Madison, OH?
New Madison offers affordable housing with a median home value of $107,800, below the US average of $244,900, and rent that’s lower than the national average at $850/month, and a strong job market with an unemployment rate of just 3.6%.
Potential considerations include median household income ($64,688) that falls below the national average. However, New Madison’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Madison has a population of 804 with a median age of 47.2 years. Compare New Madison with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near New Madison
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Dunkirk | 806 | $47,031 | $101,200 | Compare |
| Williamsdale | 806 | $73,914 | $163,300 | Compare |
| Baltic | 807 | $70,781 | $121,800 | Compare |
| Glenwillow | 807 | $100,357 | $316,900 | Compare |
| La Rue | 801 | $62,500 | $109,800 | Compare |
| Rio Grande | 808 | $40,721 | $181,600 | Compare |
| McClure | 791 | $53,500 | $92,200 | Compare |
| Eldorado | 789 | $72,545 | $119,100 | 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 New Madison With Other Cities
Frequently Asked Questions about New Madison
What is the population of New Madison, OH?
The population of New Madison, OH is 804 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 New Madison?
The median household income in New Madison, OH is $64,688 per year, which is 14% below the national median of $75,149.
What is the median home value in New Madison?
The median home value in New Madison, OH is $107,800, which is 56% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Madison?
The median monthly rent in New Madison, OH is $850, which is 27% below the national average of $1,163/month.
What is the unemployment rate in New Madison?
The unemployment rate in New Madison, OH is 3.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is New Madison, OH a good place to live?
New Madison offers a moderate cost of living, affordable housing, and a strong job market. With a population of 804 and a median age of 47.2, the city appeals to established professionals and retirees.
How educated is New Madison, OH?
14.7% of residents in New Madison aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in New Madison?
Key cost-of-living indicators for New Madison, OH: median home value is $107,800 (56% below national), median rent is $850/month, and median household income is $64,688. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Madison?
The poverty rate in New Madison, OH is 15.5%, 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 New Madison, OH?
New Madison's population is 0.2% White, 0.2% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.4% of residents are foreign-born.