Madison Lake, MN Real Estate
According to census data in the year 2000 there were 372 housing units in Madison Lake.
This represents a 47% growth from 253 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 372 were located in what is classified as a rural area.
Homeownership rate in Madison Lake is about 76.1%.
Madison Lake's vacancy rate, including seasonal lodging, is about 14.5%.
Average household size is 2.58 people.
The majority of houses, apartments or condos in Madison Lake were built after 1969.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 22.30% |
| Two Bedrooms | 27.20% |
| Three Bedrooms | 33.10% |
| Four Bedrooms | 14.80% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.74 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $101,900 |
| Median Price asked for vacant units | $37,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.08 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $500 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1% |
| Second Mortgage | 9.80% |
| Home Equity Loan | 10.80% |
| Simple Mortgage | 54.10% |
| Debt Free | 24.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.9% |
