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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Madeira, OH Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Madeira, OH Housing Market Trends

With a population of 9,414, 3,324 total housing units (homes and apartments), and a median house value of $575,380, Madeira house prices are not only among the most expensive in Ohio, Madeira real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Madeira, accounting for 93.03% of the city's housing units. Other types of housing that are prevalent in Madeira include row houses and other attached homes ( 1.93%), mobile homes or trailers ( 1.90%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.71%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Madeira. Owner-occupied housing accounts for 87.23% of Madeira's homes, and 77.03% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Madeira's housing was primarily built during this period, from the '40s through the '60s. A full 50.08% of the city's housing hails from this era. Other housing ages represented in Madeira include homes built between 1970-1999 ( 20.31%) and housing constructed between 2000 and later ( 18.77%). There's also some housing in Madeira built before 1939 ( 10.83%).

Madeira Home Appreciation Rates

Appreciation rates for homes in Madeira have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 95.72%, which ranks in the top 40% nationwide. This equates to an annual average Madeira house appreciation rate of 6.95%.

NeighborhoodScout's data show that during the latest twelve months, Madeira's appreciation rate, at 6.60%, has been at or slightly above the national average. In the latest quarter, Madeira's appreciation rate has been 0.10%, which annualizes to a rate of 0.40%.

Relative to Ohio, our data show that Madeira's latest annual appreciation rate is higher than 80% of the other cities and towns in Ohio.

Average Home Values

Median Home Value

$575,380

Madeira, OH Home Prices
> $1,323,000
$992,001 - $1,323,000
$662,001 - $992,000
$529,001 - $662,000
$397,001 - $529,000
$265,001 - $397,000
$132,001 - $265,000
$66,001 - $132,000
$0 - $66,000
2.1%
2.1%
7.5%
7.5%
27.9%
27.9%
13.1%
13.1%
15.5%
15.5%
24.7%
24.7%
6.5%
6.5%
1.7%
1.7%
1.0%
1.0%
0% 100.0%
% of Homes
Very High

for Ohio

Very High

for nation

Number of Homes And Apartments:

3,324

Madeira Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,139 / per month

Homeownership Rate

Owners
Renters
87.2%
87.2%
12.8%
12.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.0%
7.0%
93.0%
93.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.8%
18.8%
20.3%
20.3%
50.1%
50.1%
10.8%
10.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
93.0%
93.0%
1.9%
1.9%
1.7%
1.7%
1.1%
1.1%
1.9%
1.9%
0.3%
0.3%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
2.6%
2.6%
10.5%
10.5%
37.1%
37.1%
39.9%
39.9%
9.9%
9.9%
0% 100.0%
% of Homes