Madrid, AL Real Estate

According to census data in the year 2000 there were 124 housing units in Madrid. This represents a 24% growth from 100 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 124 were located in what is classified as a rural area.

Homeownership rate in Madrid is about 82.3%. Madrid's vacancy rate, including seasonal lodging, is about 8.9%. Average household size is 2.75 people.

The majority of houses, apartments or condos in Madrid were built after 1978.


Housing Size

Housing Units by Size
Studio Type2.40%
One Bedroom1.60%
Two Bedrooms48.40%
Three Bedrooms43.50%
Four Bedrooms3.20%
Five Bedrooms or more0.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.63
Median year structure was built1980
Median Value of occupied units$58,800
Median Price asked for vacant units$33,800

Rented Homes, Apartments and Condos

Average Household Size3.3
Median year structure was built1970
Median Monthly Rent asked for vacant units$99

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.90%
Home Equity Loan0%
Simple Mortgage43.90%
Debt Free51.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.3%