Why Live in London
London, OH, the largest city in Madison County, offers a blend of small-town charm and convenient access to Dayton and Columbus. With a population of just over 10,000, it appeals to those seeking a more homespun atmosphere. Housing options range from turn-of-the-century homes in the city center to midcentury houses in the southwestern region and newer developments along Kenny Boulevard. The median home price is in the low $300,000s, and property taxes are around 1.5%, lower than many other Central Ohio cities. London serves as a bedroom community with a local economy supported by employers like Stanley Electric, Honda, and Madison Health. U.S. Routes 40 and 42 provide straightforward commutes to Columbus, 30 miles east, and Dayton, 50 miles west. The downtown area is growing, featuring locally owned restaurants and stores, with plans for a designated outdoor refreshment area by summer 2025. The London Parks and Recreation Department manages over 140 acres of public land, including a renovated municipal pool, a leashless dog park, and the Roberts Pass Trail, a 6-mile paved biking and hiking path. Cultural attractions include the London State Theater, the Madison County Arts Council, and the Madison County Historical Society. Safety-wise, both violent and property-related crimes are lower per capita than state and national averages. Summers are hot and humid, winters are cold and windy, and the city receives about 20 inches of snow annually. Flooding issues are being addressed through ongoing stormwater infrastructure projects.
Frequently Asked Questions
How much does it cost to rent a home in London, OH?
The median rent for a home in London, OH is $1,825 per month, though prices vary by neighborhood, size, and property type. As of July 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in London, OH?
To comfortably afford the median rent in London, OH, a household needs to earn roughly $73,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,825 per month in London, OH, renters typically need to show $5,475 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in London, OH?
In London, OH, the price-to-rent ratio is 14.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
The median rent is $1,825 per month, with single-family homes renting at $2,063, townhouses at $1,375 and condos at $1,375.
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Median Single Family Home Rent
$2,063
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Median Townhouse Rent
$1,375
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