Ft. Madison, IA Real Estate
According to census data in the year 2000 there were 5,164 housing units in Ft. Madison.
This represents a 0.9% decline from 5,209 in 1990.
Of those housing units, 5,037 were located in either urbanized areas or urban clusters, and 127 were located in what is classified as a rural area.
Homeownership rate in Ft. Madison is about 69.7%.
Ft. Madison's vacancy rate, including seasonal lodging, is about 9.7%.
Average household size is 2.29 people.
The majority of houses, apartments or condos in Ft. Madison were built after 1943.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 16.30% |
| Two Bedrooms | 34.10% |
| Three Bedrooms | 34.50% |
| Four Bedrooms | 11.60% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.52 |
| Median year structure was built | 1942 |
| Median Value of occupied units | $53,700 |
| Median Price asked for vacant units | $45,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.76 |
| Median year structure was built | 1947 |
| Median Monthly Rent asked for vacant units | $309 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.20% |
| Home Equity Loan | 7.10% |
| Simple Mortgage | 42% |
| Debt Free | 47.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.6% |
