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City · 10,484 residents · Madison County, Ohio

London , Ohio

In London, a typical home is worth $201,000 and typical rent is $916 a month. Compared with all of Madison County, typical household income is 31% lower, the typical home value is 20% lower, and the share of households that own their home is 14 points lower.

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  • Typical home value

    $201,000

    20% below the county

    6% below Ohio

    • London
    • Madison
    • Ohio

  • Typical rent

    $916a month

    3% below the county

    11% below Ohio

    • London
    • Madison
    • Ohio

  • Typical household income

    $60,231a year

    31% below the county

    16% below Ohio

    • London
    • Madison
    • Ohio

  • Households that own their home

    64%

    14 points below the county

    4 points below Ohio

    • London
    • Madison
    • Ohio

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$288,259
2.7% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

London is in Madison County. The FHA loan limit ($591,100 for a one-unit home), the fair market rents and the help on this page are those of all of Madison County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets London apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Springfield, the typical home value is $116,800: 42% less than in London ($201,000).

  2. The typical household income in London is $60,231, 31% less than in Madison County as a whole ($87,045).

  3. 64% of households in London own their home, against 78% in Madison County.

  4. The typical home in London is worth $201,000, 20% less than in Madison County as a whole ($250,100).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in London

What homes there are in London, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses are the majority in London (68%), but less so than in Madison County (80%).

Year built

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,364 a month

Madison County: $1,582 a month

Without a mortgage

$485 a month

Madison County: $618 a month

Owners with a mortgage

77%

Madison County: 67%

The typical cost for an owner with a mortgage in London is $1,364 a month, less than in Madison County ($1,582); without one, $485.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, home values in London rose at about the same pace as in Madison County: 49% against 50%.

Rent in London moved so little since 2015–2019 that the Census cannot say whether it rose or fell.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureLondonMadison CountyOhioUnited States
Rental vacancy Unreliable estimateUnreliable estimate4.4%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimateUnreliable estimate1.5%3.4%
People per household 2.232.552.372.53
Drive alone 74%75%75%69%
Carpool 9%8%8%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 14%15%13%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

On average, a household in London has 2.23 people, fewer than in Madison County (2.55).

In London, 74% of workers drive alone to work; in Madison County, 75%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in London?

A typical home is tight for the typical income

We start with a typical home in London, worth $201,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 33% of the typical household income in London, which is $60,231 a year. For that payment to be 28% of income, a household would need to earn about $70,657 a year.

The calculator's FHA and conventional loan limits are those of all of Madison County.

Your numbers

Local data
$

Starts at the typical home value in London. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $7,035 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,649

at 7.18% · 30 years

Loan amount
$197,359
Total interest
$283,954
Paid off in
November 2056

Includes $3,394 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,405 a month

  • Tight

    $1,405 to $1,807 a month

    Your payment · 33%

  • Hard

    more than $1,807 a month

Compared with the typical household income in London ($60,231 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,649
Principal & interest$1,337
Property tax$139
Home insurance$84
FHA mortgage insurance (MIP)$89

You need at least $7,035 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

London and Madison County

London is in Madison County, Ohio. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

London's own numbers

Typical home value
$201,000
Typical monthly rent
$916
Typical yearly household income
$60,231
Households that own their home
64%
Effective property tax rate
0.83%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Madison County

FHA limit, one-unit home
$591,100
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,602
Price change over 5 years (FHFA)
+53%
Homes in a high flood-risk zone
0.9%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Madison County.

Everything about Madison County

Buying

Buying a home in London

A typical home in London is worth $201,000: 20% below the county and 6% below Ohio. With the typical household income in London ($60,231 a year), a typical home costs 3.3 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • London 3.3 years
  • Madison 2.9 years
  • Ohio 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Madison County

According to FHFA’s house price index, home prices in Madison County rose 103% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Madison County.

Period County Ohio U.S.
Last year (2025) +4.8% +4.8% +2.9%
5 years (2020–2025) +53% +53% +47%
10 years (2015–2025) +103% +93% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

London next to Madison County, Ohio and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • London $201,000
  • Madison $250,100
  • Ohio $214,800
  • United States $332,700
Typical monthly rent
  • London $916
  • Madison $943
  • Ohio $1,034
  • United States $1,413
Typical yearly household income
  • London $60,231
  • Madison $87,045
  • Ohio $71,389
  • United States $80,734
See the full table
London next to Madison County and Ohio
Measure London Madison County Ohio U.S.
Typical home value $201,000 $250,100 $214,800 $332,700
Typical monthly rent $916 $943 $1,034 $1,413
Typical yearly household income $60,231 $87,045 $71,389 $80,734
Households that own their home 64% 78% 67% 65%
Typical yearly property tax $1,678 $2,541 $2,822 $3,119
Effective property tax rate 0.83% 1.02% 1.31% 0.94%
Renters with high rent for their income 41% 42% 46% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Madison County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in London

For a typical $201,000 home in London, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, London's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,649a month

    Least cash to close
    Down payment
    $7,035
    Cash to close
    $13,065
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $89

  • Conventional, 5% down $1,612a month

    Down payment
    $10,050
    Cash to close
    $16,080
    Rate
    7.18%
    Mortgage insurance
    PMI · $95

  • Conventional, 20% down, no PMI $1,312a month

    Down payment
    $40,200
    Cash to close
    $46,230
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,498a month

    Down payment
    $30,150
    Cash to close
    $36,180
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for London and for Madison County.

Property tax

Effective rate in London

0.83%of the home’s value each year

$1,678 a year for the typical owner in London.

  • London 0.83%
  • Madison 1.02%
  • Ohio 1.31%

What Ohio publishes Homestead exemption for seniors and people with disabilities (Ohio Department of Taxation)

Exemptions and deadlines in Ohio

Flood risk in Madison County

FEMA does not publish these numbers by city: they are for all of Madison County.

Homes in the high-risk zone
0.9%
115
Of those, with NFIP insurance
16%
County Ohio U.S.
Homes in the high-risk zone 0.9% 1.7% 3.5%
Of those, with NFIP insurance 16% 16% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in London

Typical rent in London is $916 a month: 3% below the county. In London, 41% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Madison County, by unit size. To pay the 2-bedroom one ($1,602 a month) without spending more than 30% of your income, you would need to earn $30.81 an hour working full time.

HUD fair market rent for all of Madison County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,258 $24.19 $50,320
1 bedroom $1,346 $25.88 $53,840
2 bedrooms $1,602 $30.81 $64,080
3 bedrooms $1,909 $36.71 $76,360
4 bedrooms $2,172 $41.77 $86,880

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in London

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). London is in ZIP code 43140.

For 2 bedrooms it is $1,260: $342 less than the fair market rent for Madison County ($1,602).

  • 43140 $1,260$1,500

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for London when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in London

HUD lists 8 buildings with rents for lower incomes in London. These are the largest.

  • London Metropolitan Housing Authority 2 Metro Ct, London 43140 100 low-income homes · Run by London Metropolitan Housing Authority · Average payment: $367 a month · Average wait: 14 months · Homes at several sites (740) 852-1888
  • Londonerry Apts 251 Bowman Ct, London 43140 72 low-income homes · In service since 1988
  • London Apts 1058 Sheffield Blvd, London 43140 60 low-income homes · 2 bd: 36 · 3 bd: 24 · In service since 1995
  • Seton London 350 Cambridge Dr, London 43140 50 low-income homes · For older adults (740) 852-4233
  • Daines Village Apartments 1143 Daines Ct, London 43140 48 low-income homes · 1 bd: 5 · 2 bd: 21 · 3 bd: 22 · In service since 2020 (740) 490-6485

See all 13 buildings in Madison County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in London

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Madison County. The nearest ones are below; many serve by phone or online.

A young woman and a young man point to a line in their notes beside a laptop in a library.

HUD counseling is free or low-cost

Assistance programs in London

No down payment, repair or rent-help program on our list is for London or Madison County. The ones below are statewide in Ohio: they work in London the same as in the rest of the state.

Which programs do I qualify for? All programs in Ohio

  • Your Choice! Down Payment Assistance

    Statewide in Ohio

    Ohio state agency help of 2.5% or 5% of the price for the down payment, closing costs or other costs before closing, forgiven after seven years; if you sell sooner, you repay all of it. Offered by Ohio Housing Finance Agency (OHFA).

    Forgivable

    See the program Official page

  • Mortgage Tax Credit

    Statewide in Ohio

    Ohio state agency certificate that turns part of your mortgage interest into a credit on your federal tax return, up to $2,000 a year: 40% with an OHFA mortgage (MTC Plus) or 15% to 20% with another mortgage (MTC Basic). Offered by Ohio Housing Finance Agency (OHFA).

    Tax credit

    See the program Official page

Housing counselors near London

The HUD-approved agencies closest to the center of London, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Homes on the Hill

    3659 Soldano Blvd, Columbus · 18 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 10 more
    (614) 275-4663

  • Neighborhood Housing Partnership of Greater Springfield, Inc.

    527 E Home Rd, Springfield · 20 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (937) 322-4623

  • Ohio State University Extension

    1960 Kenny Rd, Columbus · 22 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 2 more
    (614) 247-9151

All counseling agencies in Ohio

Help in Spanish near London

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of London

HUD’s record names them for London or Madison County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

All housing agencies in Ohio Source: HUD

Cities

Nearby cities

The cities closest to London, with the typical home value.

Everything about Madison County Housing in Ohio

Neighboring counties

If Madison County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in London.

All guides
A mother holds her laughing daughter on a grey sofa.

Questions

Housing questions about London

Short answers with the numbers for London and all of Madison County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in London?

The typical home value in London is $201,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Madison County it is $250,100.

How much does it cost to rent in London?

Typical rent in London is $916 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Madison County is $1,602.

What is the FHA loan limit in London?

London uses the FHA limit for all of Madison County (2026): $591,100 for a one-unit home and $1,136,750 for a four-unit home.

How much property tax do owners pay in London?

The typical homeowner in London pays $1,678 a year, according to the U.S. Census Bureau. That is 0.83% of the home’s value; in Madison County, the rate is 1.02%.

Where can I find free help to buy or rent in London?

We found no HUD-approved counseling agencies with an office in Madison County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).