Madison, AL Real Estate
According to census data in the year 2000 there were 12,025 housing units in Madison.
This represents a 81.8% growth from 6,616 in 1990.
Of those housing units, 11,791 were located in either urbanized areas or urban clusters, and 234 were located in what is classified as a rural area.
Homeownership rate in Madison is about 70.5%.
Madison's vacancy rate, including seasonal lodging, is about 8.1%.
Average household size is 2.61 people.
The majority of houses, apartments or condos in Madison were built after 1990.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 8.30% |
| Two Bedrooms | 21.90% |
| Three Bedrooms | 38.30% |
| Four Bedrooms | 26.60% |
| Five Bedrooms or more | 4.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.83 |
| Median year structure was built | 1991 |
| Median Value of occupied units | $141,300 |
| Median Price asked for vacant units | $177,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.08 |
| Median year structure was built | 1988 |
| Median Monthly Rent asked for vacant units | $551 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 11.40% |
| Home Equity Loan | 9.20% |
| Simple Mortgage | 69.10% |
| Debt Free | 10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.7% |
