Madelia, MN Real Estate
According to census data in the year 2000 there were 1,000 housing units in Madelia.
This represents a 8.3% growth from 923 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 1,000 were located in what is classified as a rural area.
Homeownership rate in Madelia is about 67.1%.
Madelia's vacancy rate, including seasonal lodging, is about 8.9%.
Average household size is 2.48 people.
The majority of houses, apartments or condos in Madelia were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.60% |
| One Bedroom | 11.40% |
| Two Bedrooms | 31.40% |
| Three Bedrooms | 35.20% |
| Four Bedrooms | 16.30% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.69 |
| Median year structure was built | 1949 |
| Median Value of occupied units | $60,700 |
| Median Price asked for vacant units | $37,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.04 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $338 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.80% |
| Home Equity Loan | 2.90% |
| Simple Mortgage | 47.60% |
| Debt Free | 41.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.7% |
