Market Overview
Home Prices in New Madison, OH
The median home value in New Madison, OH is $218,014 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9% compared to a year ago and up 8.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Madison are priced47% below average. New Madison is part of the Greenville, OH metro area.
Over the past five years, New Madison home values have risen by approximately44.4%, reflecting strong long-term appreciation in this market.
Price History
New Madison Home Price Trend
City Comparison
New Madison vs. National Median
At $218,014, homes in New Madison cost 47% below the national median of $410,000. This makes New Madison a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in New Madison?
20% Down Payment
$43,603
on $218,014
Monthly P&I
$1,137/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,444/mo
incl. taxes & insurance
Income Needed
$57,760
gross annual (30% rule)
10% Down Option
$21,801
+ PMI applies
Loan Amount (20% dn)
$174,411
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in New Madison, OH?
The median home value in New Madison is $218,014 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9% year-over-year.
How much have home prices changed in New Madison?
Over the past year, home values in New Madison have increased by 9%. Over five years, prices have risen approximately 44.4%.
How much do I need to earn to buy a home in New Madison?
To comfortably afford the median home price of $218,014 with a 20% down payment ($43,603) at today's rates (6.8%), you'd need a gross annual income of approximately $57,760. This assumes keeping total housing costs at or below 30% of gross income.
How does New Madison compare to the national average home price?
The national median home value is approximately $410,000. At $218,014, homes in New Madison are 47% below the national average.
What metro area is New Madison part of?
New Madison is part of the Greenville, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.