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City · 8,594 residents · Lake County, Ohio

North Madison , Ohio

In North Madison, a typical home is worth $157,300 and typical rent is $1,155 a month. Compared with all of Lake County, the typical home value is 27% lower, typical household income is 16% lower, and the share of households that own their home is 5 points higher.

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  • Typical home value

    $157,300

    27% below the county

    27% below Ohio

    • North Madison
    • Lake
    • Ohio

  • Typical rent

    $1,155a month

    4% above the county

    12% above Ohio

    • North Madison
    • Lake
    • Ohio

  • Typical household income

    $67,711a year

    16% below the county

    5% below Ohio

    • North Madison
    • Lake
    • Ohio

  • Households that own their home

    81%

    5 points above the county

    14 points above Ohio

    • North Madison
    • Lake
    • Ohio

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

North Madison is in Lake County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Lake County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets North Madison apart

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

  1. Nearby, in Ashtabula, the typical home value is $105,900: 33% less than in North Madison ($157,300).

  2. Nearby, in Ashtabula, the typical rent is $793: 31% less than in North Madison ($1,155).

  3. The typical home in North Madison is worth $157,300, 27% less than in Lake County as a whole ($214,100).

  4. The typical household income in North Madison is $67,711, 16% less than in Lake County as a whole ($80,925).

  5. 81% of households in North Madison own their home, against 76% in Lake County.

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

The homes here

Housing in North Madison

What homes there are in North Madison, 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

In North Madison, 8 in 10 homes are single-family detached houses; in Lake County, 7.

Year built

By age, homes in North Madison look like those in Lake County: the typical year built is 1973.

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

$1,322 a month

Lake County: $1,500 a month

Without a mortgage

$578 a month

Lake County: $635 a month

Owners with a mortgage

54%

Lake County: 62%

The typical cost for an owner with a mortgage in North Madison is $1,322 a month, less than in Lake County ($1,500); without one, $578.

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

Homes in North Madison gained value more slowly than in Lake County: 29% since 2015–2019, against 37%.

Rents in North Madison rose at about the same pace as in Lake County: 22% since 2015–2019, against 24%.

While home values in North Madison changed +29% and rent +22%, the typical household income rose 24%.

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

MeasureNorth MadisonLake CountyOhioUnited States
Rental vacancy Unreliable estimate3.3%4.4%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimate1.0%1.5%3.4%
People per household 2.322.272.372.53
Drive alone 83%77%75%69%
Carpool Unreliable estimate7%8%9%
Public transit Unreliable estimate1%1%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 9%14%13%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

Much as in Lake County, a household in North Madison has 2.32 people on average.

To get to work, 83% of workers in North Madison drive alone; in Lake County, 77%.

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 North Madison?

A typical home is within reach of the typical income

We start with a typical home in North Madison, worth $157,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 25% of the typical household income in North Madison, which is $67,711 a year.

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

Your numbers

Local data
$

Starts at the typical home value in North Madison. 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 $5,506 (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

$1,423

at 7.18% · 30 years

Loan amount
$154,450
Total interest
$222,218
Paid off in
November 2056

Includes $2,656 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,580 a month

    Your payment · 25%

  • Tight

    $1,580 to $2,031 a month

  • Hard

    more than $2,031 a month

Compared with the typical household income in North Madison ($67,711 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,423
Principal & interest$1,046
Property tax$241
Home insurance$66
FHA mortgage insurance (MIP)$70

You need at least $5,506 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

North Madison and Lake County

North Madison is in Lake 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).

North Madison's own numbers

Typical home value
$157,300
Typical monthly rent
$1,155
Typical yearly household income
$67,711
Households that own their home
81%
Effective property tax rate
1.84%

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

Numbers for all of Lake County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,274
Price change over 5 years (FHFA)
+47%
Homes in a high flood-risk zone
0.8%

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 Lake County.

Everything about Lake County

Buying

Buying a home in North Madison

A typical home in North Madison is worth $157,300: 27% below the county and 27% below Ohio. With the typical household income in North Madison ($67,711 a year), a typical home costs 2.3 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.

  • North Madison 2.3 years
  • Lake 2.6 years
  • Ohio 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Lake County

According to FHFA’s house price index, home prices in Lake County rose 77% in the 10 years through 2025.

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

Period County Ohio U.S.
Last year (2025) +4.9% +4.8% +2.9%
5 years (2020–2025) +47% +53% +47%
10 years (2015–2025) +77% +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

North Madison next to Lake 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
  • North Madison $157,300
  • Lake $214,100
  • Ohio $214,800
  • United States $332,700
Typical monthly rent
  • North Madison $1,155
  • Lake $1,113
  • Ohio $1,034
  • United States $1,413
Typical yearly household income
  • North Madison $67,711
  • Lake $80,925
  • Ohio $71,389
  • United States $80,734
See the full table
North Madison next to Lake County and Ohio
Measure North Madison Lake County Ohio U.S.
Typical home value $157,300 $214,100 $214,800 $332,700
Typical monthly rent $1,155 $1,113 $1,034 $1,413
Typical yearly household income $67,711 $80,925 $71,389 $80,734
Households that own their home 81% 76% 67% 65%
Typical yearly property tax $2,895 $3,475 $2,822 $3,119
Effective property tax rate 1.84% 1.62% 1.31% 0.94%
Renters with high rent for their income 44% 45% 46% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Lake 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 North Madison

For a typical $157,300 home in North Madison, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, North Madison's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,423a month

    Least cash to close
    Down payment
    $5,506
    Cash to close
    $10,225
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $70

  • Conventional, 5% down $1,394a month

    Down payment
    $7,865
    Cash to close
    $12,584
    Rate
    7.18%
    Mortgage insurance
    PMI · $75

  • Conventional, 20% down, no PMI $1,159a month

    Down payment
    $31,460
    Cash to close
    $36,179
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,305a month

    Down payment
    $23,595
    Cash to close
    $28,314
    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 North Madison and for Lake County.

Property tax

Effective rate in North Madison

1.84%of the home’s value each year

$2,895 a year for the typical owner in North Madison.

  • North Madison 1.84%
  • Lake 1.62%
  • 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 Lake County

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

Homes in the high-risk zone
0.8%
756
Of those, with NFIP insurance
32%
County Ohio U.S.
Homes in the high-risk zone 0.8% 1.7% 3.5%
Of those, with NFIP insurance 32% 16% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in North Madison

Typical rent in North Madison is $1,155 a month: 4% above the county. In North Madison, 44% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Lake County, by unit size. To pay the 2-bedroom one ($1,274 a month) without spending more than 30% of your income, you would need to earn $24.50 an hour working full time.

HUD fair market rent for all of Lake 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 $924 $17.77 $36,960
1 bedroom $1,050 $20.19 $42,000
2 bedrooms $1,274 $24.50 $50,960
3 bedrooms $1,628 $31.31 $65,120
4 bedrooms $1,756 $33.77 $70,240

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 North Madison

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). North Madison is in ZIP code 44057.

For 2 bedrooms it is $1,310: $36 more than the fair market rent for Lake County ($1,274).

  • 44057 $1,310$1,670

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for North Madison 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?

Free help

Help to buy or rent in North Madison

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.

There is 1 HUD-approved agency with an office in Lake County; 1 says it serves in Spanish.

A man leans over the armchair to help a teenage girl with her book.

HUD counseling is free or low-cost

Assistance programs in North Madison

No down payment, repair or rent-help program on our list is for North Madison or Lake County. The ones below are statewide in Ohio: they work in North Madison 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 North Madison

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

  • Fair Housing Resource Center

    1100 Mentor Ave, Painesville · 14 miles away · Spanish

    Also serves in other languages.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 12 more
    (440) 392-0147

  • Home Repair Resource Center

    2520 Noble Rd, Cleveland Heights · 33 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (216) 381-6100

  • Nid-Hca Valentine

    2490 Lee Boulevard, Suite 306, Cleveland Heights · 34 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 8 more
    (216) 932-6624

Every agency in Lake County All counseling agencies in Ohio

Help in Spanish near North Madison

1 of the 3 agencies on this list says it serves 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 North Madison

In HUD’s record, no housing authority with an office in Lake County is named for North Madison or Lake County.

One other authority has an office in Lake County: see the list Source: HUD

Cities

Other cities in Lake County

These cities are also in Lake County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Lake County Housing in Ohio

Nearby cities

The cities closest to North Madison, with the typical home value.

Neighboring counties

If Lake 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 North Madison.

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

Questions

Housing questions about North Madison

Short answers with the numbers for North Madison and all of Lake 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 North Madison?

The typical home value in North Madison is $157,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Lake County it is $214,100.

How much does it cost to rent in North Madison?

Typical rent in North Madison is $1,155 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Lake County is $1,274.

What is the FHA loan limit in North Madison?

North Madison uses the FHA limit for all of Lake County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in North Madison?

The typical homeowner in North Madison pays $2,895 a year, according to the U.S. Census Bureau. That is 1.84% of the home’s value; in Lake County, the rate is 1.62%.

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

There is 1 HUD-approved counseling agency with an office in Lake County. 1 says it serves in Spanish. 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).