Madison, ME Real Estate
According to census data in the year 2000 there were 1,226 housing units in Madison.
This represents a 0.2% growth from 1,224 in 1990.
Of those housing units, 897 were located in either urbanized areas or urban clusters, and 329 were located in what is classified as a rural area.
Homeownership rate in Madison is about 65.8%.
Madison's vacancy rate, including seasonal lodging, is about 5.6%.
Average household size is 2.27 people.
The majority of houses, apartments or condos in Madison were built after 1947.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 11.70% |
| Two Bedrooms | 32.10% |
| Three Bedrooms | 35.50% |
| Four Bedrooms | 14.50% |
| Five Bedrooms or more | 5.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.53 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $67,100 |
| Median Price asked for vacant units | $34,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.77 |
| Median year structure was built | 1940 |
| Median Monthly Rent asked for vacant units | $304 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.10% |
| Home Equity Loan | 7.70% |
| Simple Mortgage | 45.50% |
| Debt Free | 39.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.7% |
