Photo: Ɱ · CC BY-SA 4.0Even on the area’s higher pay, Madison Township costs more to live in than 59% of U.S. towns
Home prices around Madison Township have risen about 59% over the past 5 years. No new homes were permitted in 2014.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of the Columbus, OH metro area ($82K). How TownRatings grades cost of living
The grade measures what housing costs against what households in the area earn. Madison Township’s area earns well above the typical U.S. town ($82K against $74K), but homes, rent and taxes here run higher still. Owners keep up no better than renters: 25% of owners pay 30% or more of income for housing (typical U.S. town: 20%), against 12% of renters.
In dollars
- $1,220a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
- 95prices across the Columbus metro, where the U.S. is 100 (housing 88)BEA Regional Price Parities, 2024
In paychecks the grade
- 4.2 yrsof area income buys the typical home; the typical U.S. town: 3.3$82K, Columbus-area income
- 16%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 25%of owners do; the typical U.S. town: 20%Census 2020–24
What stands out about housing in Madison Township
What’s behind Madison Township’s grade
Measured against what households in the area earn, Madison Township is more affordable than 41% of U.S. towns. Home prices pull the grade down most; rent holds it up.
Home prices up 59% in 5 years
The federal house price index for the ZIP codes around Madison Township rose 59% over the past 5 years, faster than across Ohio (53%). Last year prices rose 12%. Carrying the Census median home value forward with that index puts the typical Madison Township home at roughly $417,000 today.
Carrying the Census median forward with the index puts a typical home at about $417K.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Madison Township, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 4.2 years of area income
The calculator starts from the area income the grade uses. Switch to Madison Township’s own median, or type yours.
That’s $100K short of a typical Madison Township home.
A two-bedroom rents for about $1,220 a month here, $1,290 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Madison Township’s typical property tax (0.94% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,220
Renters already here pay a median of $1,109, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Columbus, OH HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
No new homes permitted in 2014
No permits for new homes were issued in Madison Township in 2014. The last year with any was 2013 (3 new homes).
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2014 | 0 | 0 | 0 | — |
| 2013 | 3 | 3 | 0 | $650,000 |
| 2012 | 1 | 1 | 0 | $280,000 |
| 2011 | 1 | 1 | 0 | $212,000 |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 5 | 5 | 0 | $904,000 |
| 2008 | 3 | 3 | 0 | $500,000 |
| 2007 | 4 | 4 | 0 | $880,000 |
| 2006 | 8 | 8 | 0 | $1.4 million |
| 2005 | 5 | 5 | 0 | $888,000 |
| 2004 | 7 | 7 | 0 | $1.4 million |
| 2003 | 6 | 6 | 0 | $574,000 |
| 2002 | 6 | 6 | 0 | $906,000 |
| 2001 | 8 | 8 | 0 | $1.4 million |
| 2000 | 11 | 11 | 0 | $1.6 million |
Madison Township's permit office hasn't appeared in the Census permit files since 2014, so these are its newest figures.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
High tax bills, but a low tax rate
The median bill is $3,220 (Ohio: $2,822), because homes cost more. As a share of value it’s 0.94% a year, against 1.31% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
The rest of a budget near Madison Township
Only figures published free for the whole country, each labeled with the area it covers: the Columbus, OH metro area, or Ohio. Groceries follow the goods price level; nobody publishes them town by town.
| Cost | Here | Compared with | Area | Source |
|---|---|---|---|---|
| Prices overall U.S. = 100 | 95 | OH 93 | metro | BEA, 2024 |
| Goods (groceries, clothing, cars…) U.S. = 100 | 94 | OH 94 | metro | BEA, 2024 |
| Utilities U.S. = 100 | 96 | OH 96 | metro | BEA, 2024 |
| Other services U.S. = 100 | 99 | OH 99 | metro | BEA, 2024 |
Price levels: U.S. Bureau of Economic Analysis, Regional Price Parities 2024 (metro area and state). Electricity: U.S. Energy Information Administration, Electric Power Monthly, table 5.6.A.
Madison Township vs. its neighbors
Zillow publishes no value for Madison Township. Bloom Township and Walnut Township and Harrison Township have no Zillow value, so they are in the table only.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, latest | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Madison Township | C+ | — | $344K | 0.94% | $1,220 |
| Harrison Township | B+ | — | $238K | 0.92% | $1,270 |
| Bloom Township | C | — | $378K | 1.23% | $1,320 |
| Walnut Township | C | — | $315K | 0.97% | $1,160 |
“—” under Zillow: Zillow publishes no value for that town, so it’s left blank rather than mixed with Census figures.
Questions about the cost of living in Madison Township
Is Madison Township expensive to live in?
Measured against what households in the area earn, Madison Township costs more than 59% of U.S. towns: a C+ for cost of living. The typical home costs 4.2 years of the median household income of the Columbus, OH metro area ($82K).
How much is rent in Madison Township?
HUD puts a two-bedroom at about $1,220 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $1,109 (Census 2020–24).
What are property taxes in Madison Township?
The median bill is $3,220 a year, 0.94% of the median home value (Ohio: $2,822, 1.31%), from the Census 2020–24.
Neighbors talk housing
What Madison Township buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.