Home prices
The cost of the median home in New Madison is $77,900. In comparison to its nearby areas this is approximately $4,820 (5%) lower.It is roughly $139,600 (64%) lower in comparison to the country as a whole, and in comparison to the city of Cincinnati is about $60,100 (43%) lower.
Rents
The median rent in New Madison is $714 per month. This is is very similar in comparison to the surrounding areas.In comparison to the US as a whole it is roughly $348 (32%) lower, and it is roughly $24 (3%) lower compared to the city of Cincinnati.
Nearby places
Wayne Lakes
Wayne Lakes is approximately 4 miles northeast of New Madison. Its real estate prices are a bit more expensive. The median home in Wayne Lakes costs $102,900, which works out to $25,000 (24%) higher than New Madison. Rents there are similar. In Wayne Lakes the median rent is $708 per month, which is very similar to New Madison.
Hollansburg
Hollansburg is approximately 4 miles northwest from New Madison. The real estate prices there are significantly less expensive. The price of the median home in Hollansburg is $49,100, which works out to $28,800 (58%) lower than New Madison. The rent there is a lot less expensive. Hollansburg's median monthly rent is $491, which is $223 (45%) lower than New Madison.
Castine
Castine is roughly 4 miles southeast from New Madison. Its real estate prices are a bit more expensive. The median home in Castine costs $101,300, which comes out to $23,400 (23%) higher than New Madison. Rent there is significantly less expensive. In Castine the median monthly rent is $538, which works out to $176 (32%) lower than New Madison.
Eldorado
Eldorado is about 4 miles south from New Madison. The real estate prices there are a little more expensive. Eldorado's median home cost is $82,600, which is $4,700 (5%) higher than New Madison. Rents there are somewhat more expensive. The median rent in Eldorado is $868 a month, which works out to $154 (17%) higher than New Madison.
West Manchester
West Manchester is about 5 miles southeast of New Madison. Its housing prices are pretty similar. The price of the median home in West Manchester is $77,700, which is very similar to New Madison. Its rents are a bit more expensive. In West Manchester the median rent is $953 per month, which works out to $239 (25%) higher than New Madison.
