What percentage of people rent in Madison Township (Lake County), OH?
15.0% (±3.1 points) of the occupied homes in Madison Township (Lake County), OH are rented (2020–2024 American Community Survey).
That is 1,120 renting households against 6,356 that own their home.
In Madison Township (Lake County), the share of households that rent went from 22.8% in 2015–2019 to 15.0% in 2020–2024 (−7.8 percentage points), a measurable decrease.
Figures last updated on .
- Households that rent
- 15.0% (±3.1 points)
- Renting households
- 1,120 (±235)
- Median renter income
- $44,598 (±$15,247)
Who rents and who owns in Madison Township (Lake County)
| Madison Township (Lake County) | Lake County | Ohio | United States | |
|---|---|---|---|---|
| Renter-occupied share | 15.0% (±3.1 points) | 24.2% (±0.9 points) | 32.8% (±0.3 points) | 34.8% |
| Renting households | 1,120 (±235) | 24,518 (±870) | 1,595,287 (±11,760) | 45,017,354 |
| Owning households | 6,356 (±321) | 76,626 (±1,026) | 3,267,904 (±16,882) | 84,210,142 |
| Average renter household size | 2.0 (±0.3) | 2.0 (±0.1) | 2.1 (±0.0) | 2.3 |
| Average owner household size | 2.5 (±0.1) | 2.4 (±0.0) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $44,598 (±$15,247) | $47,440 (±$2,383) | $42,829 (±$325) | $52,966 |
| Median owner household income | $78,197 (±$6,870) | $94,073 (±$2,555) | $90,122 (±$343) | $100,009 |
In Madison Township (Lake County), the renter share is lower than in Lake County (24.2%).
It is also lower than in Ohio (32.8%).
It is lower than the national figure (34.8%).
In Lake County, Madison Township (Lake County) ranks 14 of 24 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 1553 of 2,382.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Madison Township (Lake County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 22.8% (±3.5 points) | 15.0% (±3.1 points) | −7.8 percentage points | Measurable decrease |
| Median gross rent | $906 (±$48) | $1,076 (±$113) | +18.8% | No measurable change after inflation |
| Median household income | $57,240 (±$6,928) | $73,533 (±$3,925) | +28.5% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Madison Township (Lake County)
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Madison Township (Lake County) | — | 15.0% (±3.1 points) | — |
| Geneva-on-the-Lake | 2.7 mi | 33.0% (±9.9 points) | Higher |
| North Madison | 2.9 mi | 18.8% (±5.1 points) | Not measurably different |
| Geneva Township | 3.6 mi | 29.1% (±4.8 points) | Higher |
| Geneva | 4.7 mi | 30.5% (±7.3 points) | Higher |
| Perry Township (Lake County) | 5.8 mi | 8.2% (±2.8 points) | Lower |
| Madison | 6.1 mi | 8.6% (±3.5 points) | Lower |
| Saybrook-on-the-Lake | 6.5 mi | 21.9% (±9.6 points) | Not measurably different |
| Harpersfield Township | 6.9 mi | 6.2% (±4.0 points) | Lower |
Nearby places with a measurably lower figure: Perry Township (Lake County), OH (8.2%), Madison, OH (8.6%), Harpersfield Township, OH (6.2%).
Nearby places with a measurably higher figure: Geneva-on-the-Lake, OH (33.0%), Geneva Township, OH (29.1%), Geneva, OH (30.5%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Lake County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 8 | Wickliffe | 21.6% (±3.7 points) |
| 9 | Grand River | 19.1% (±7.7 points) |
| 10 | North Madison | 18.8% (±5.1 points) |
| 11 | Lakeline | 17.7% (±15.8 points) |
| 12 | Painesville Township | 17.4% (±3.4 points) |
| 13 | Mentor | 15.3% (±2.1 points) |
| 14 | Madison Township (Lake County) | 15.0% (±3.1 points) |
| 15 | Perry | 11.1% (±5.5 points) |
| 16 (tie) | Waite Hill | 9.2% (±5.9 points) |
| 16 (tie) | Concord Township (Lake County) | 9.2% (±4.0 points) |
| 18 (tie) | Kirtland | 8.6% (±3.1 points) |
| 18 (tie) | Madison | 8.6% (±3.5 points) |
| 20 | Perry Township (Lake County) | 8.2% (±2.8 points) |
Showing 13 of 24 places in Lake County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Madison Township (Lake County)
How many renters are there in Madison Township (Lake County)?
Madison Township (Lake County) has an estimated 1,120 (±235) renting households, 15.0% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Madison Township (Lake County)?
In Madison Township (Lake County), the share of households that rent went from 22.8% in 2015–2019 to 15.0% in 2020–2024 (−7.8 percentage points), a measurable decrease.
How big are renting households in Madison Township (Lake County)?
A renting household in Madison Township (Lake County) has 2.0 people on average, against 2.5 in an owned home.
How much do renters earn in Madison Township (Lake County)?
The median renting household in Madison Township (Lake County), OH has an income of $44,598 (±$15,247) a year, against $78,197 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Madison township, Lake County, Ohio
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Madison township, Lake County, Ohio
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Madison township, Lake County, Ohio
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Madison township, Lake County, Ohio
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Madison township, Lake County, Ohio
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Madison township, Lake County, Ohio (county subdivision:46494, in state:39 county:085).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Home values in Madison Township (Lake County)
- Homeowner costs in Madison Township (Lake County)
- Property taxes in Madison Township (Lake County)
- Types of homes in Madison Township (Lake County)
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- Age of homes in Madison Township (Lake County)
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- Crime reported to police in Madison Township (Lake County)
- Population growth in Madison Township (Lake County)
- How long people stay in Madison Township (Lake County)
- Crowding and facilities in Madison Township (Lake County)
- Fair Market Rent in Madison Township (Lake County)
- Ohio landlord and tenant rules
- Housing across Lake County
- Ohio places ranked by share of renters
- Housing data for every place in Ohio