Madison, Ohio.
Typical home $236,165 (+3.6% in a year). Cleveland-Elyria, OH metro.
Property tax and schools in Madison
Madison’s own tax page → what a home here pays, who charges it, its levies and ballot, and its schools.
Madison is in Lake County, where its property tax is set. Its homes there are in the Madison Local school district. Check your own bill.
to buy the typical home at today's mortgage rate — +$691 (+126%) since Jan 2020.
- 1 year
- Up $8,305 +4%
- $227,861$236,165 since Sep 2025
- 5 years
- Up $54,575 +30%
- $181,590$236,165 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Madison$1,240
- Ohio$1,291
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in Madison, OH rose 3.6% over the past year — faster than the nation's +1.2%.
Living in Madison, Lake County, Ohio
Madison is a village of 3,435 people in Lake County. Half its households earn more than $94,928 a year and half less, against $80,925 across Lake County; 4% of its people live below the poverty line. 91% of its homes are lived in by their owners and 9% are rented. Unemployment in Lake County was 1.6% in August 2026, and the county had 1.1% more jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Madison is a village in Lake County, Ohio, home to a small community where nearly everyone owns their home. Residents are older than in many places, incomes run higher than across the county, and relatively few people live below the poverty line. Winters are cold and the summers are warm, with rain and melted snow spread through the year.
Work. Residents work mostly in schools, hospitals and social care, with manufacturing, shops, and restaurants and hotels also employing many. Allpass, which makes plumbing fixtures and plastics or fiberglass products, is among the largest workplaces in Madison. A fair number of people work from home, and a typical commute is a moderate drive.
Things to do. Geneva State Park is a protected area a short drive away. Farther afield, Headlands Beach State Park and Holden Arboretum, a botanical garden, are both a longer drive away, and the Grand River is another river option at that distance.
Report a mistake
- 1,330households
- 21%of adults have a degree
- 4%below the poverty line
- 26 mintypical commute
- 15%work from home
What residents work in
Employed residents by industry, from the Census survey. Lake County had 99,690 jobs in 2025, 1.1% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 37° and lows near 24°; warmest in July, with highs near 82° and lows near 67°. About 40 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Painesville Northwest weather station, 13 miles away (NOAA).
Largest workplaces in Madison
- AllpassPlumbing fixtures, plastics or fiberglass, manufacturing49
- ChemMasters36
- MadisonMail and parcel delivery33
- HIS Madison2828
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 4 workplaces with 20 or more staff, 146 people in all. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherRelatively high
- Strong windRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Madison’s census tracts, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Lake County and the Cleveland-Elyria, OH metro.
Madison home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Madison$236,165
- Ohio$245,982
- United States$366,157
Sellers are cutting prices on about 1 in 4 Madison listings, and the typical home goes pending in 15 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Madison24.05%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
Not enough data to draw this yet.
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Madison79
New listings per month
Sellers arriving at the market.
- Madison28
Median sale price
What buyers actually paid — closed sales, not asking prices.
Not enough data to draw this yet.
Zip codes with a Madison address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Madison — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.