Madrid, IA Real Estate
According to census data in the year 2000 there were 958 housing units in Madrid.
This represents a 1.2% growth from 947 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 958 were located in what is classified as a rural area.
Homeownership rate in Madrid is about 78.7%.
Madrid's vacancy rate, including seasonal lodging, is about 6.5%.
Average household size is 2.47 people.
The majority of houses, apartments or condos in Madrid were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 8.50% |
| Two Bedrooms | 31% |
| Three Bedrooms | 45.80% |
| Four Bedrooms | 12.20% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.46 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $71,800 |
| Median Price asked for vacant units | $28,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.51 |
| Median year structure was built | 1954 |
| Median Monthly Rent asked for vacant units | $318 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.30% |
| Home Equity Loan | 5.20% |
| Simple Mortgage | 45.50% |
| Debt Free | 46% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.5% |
