Madison, MS Real Estate
According to census data in the year 2000 there were 5,349 housing units in Madison.
This represents a 98.1% growth from 2,700 in 1990.
Of those housing units, 5,027 were located in either urbanized areas or urban clusters, and 322 were located in what is classified as a rural area.
Homeownership rate in Madison is about 93.9%.
Madison's vacancy rate, including seasonal lodging, is about 2.2%.
Average household size is 2.78 people.
The majority of houses, apartments or condos in Madison were built after 1990.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.10% |
| One Bedroom | 0.80% |
| Two Bedrooms | 6.40% |
| Three Bedrooms | 60.90% |
| Four Bedrooms | 28.80% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.8 |
| Median year structure was built | 1991 |
| Median Value of occupied units | $133,900 |
| Median Price asked for vacant units | $142,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.57 |
| Median year structure was built | 1984 |
| Median Monthly Rent asked for vacant units | $1,284 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 9.40% |
| Home Equity Loan | 10.40% |
| Simple Mortgage | 68.60% |
| Debt Free | 11.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18% |
