Also See Madison, OH: ZIP Codes & Maps
The Village of Madison had a population of 3,423 as of July 1, 2024.
The primary coordinate point for Madison is located at latitude 41.7712 and longitude -81.0498 in Lake County. The formal boundaries for the Village of Madison encompass a land area of 5.09 sq. miles and a water area of 0 sq. miles. Lake County is in the Eastern time zone (GMT -5).
The Village of Madison has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
The Village of Madison is located within Township of Madison, a minor civil division (MCD) of Lake County.
POPULATION | |
---|---|
Total Population | 3,423 (100%) |
Population in Households | 3,406 (99.5%) |
Population in Families | 2,816 (82.3%) |
Population in Group Quarters1 | 17 ( 0.5%) |
Population Density | 673 |
Diversity Index2 | 25 |
INCOME | |
Median Household Income | $88,128 |
Average Household Income | $107,540 |
% of Income for Mortgage4 | 17% |
Per Capita Income | $42,703 |
Wealth Index5 | 97 |
Socioeconomic Status Index6 | Moderate (58.4) |
HOUSING | |
---|---|
Total HU (Housing Units) | 1,434 (100%) |
Owner Occupied HU | 1,116 (77.8%) |
Renter Occupied HU | 243 (16.9%) |
Vacant Housing Units | 75 ( 5.2%) |
Median Home Value | $235,827 |
Average Home Value | $234,498 |
Housing Affordability Index3 | 133 |
HOUSEHOLDS | |
Total Households | 1,359 |
Average Household Size | 2.51 |
Family Households | 895 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2024 | 2024-2029 |
---|---|---|
Population | -0.08% | -0.06% |
Households | 0.09% | 0.22% |
Families | 0.00% | |
Median Household Income | 2.82% | |
Per Capita Income | 3.31% | |
Owner Occupied HU | 0.58% |
The table below compares Madison to the other 1,265 incorporated cities, towns and CDPs in Ohio by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
Variable Description | Rank | Percentile |
---|---|---|
Total Population | # 370 | 71st |
Population Density | # 923 | 27th |
Median Household Income | # 262 | 79th |
Housing Affordability Index | # 711 | 56th |
Per Capita Income | # 336 | 74th |
Diversity Index | # 426 | 67th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Ohio Census Data Comparison Tool.
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