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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.40% |
| One Bedroom | 1.60% |
| Two Bedrooms | 48.40% |
| Three Bedrooms | 43.50% |
| Four Bedrooms | 3.20% |
| Five Bedrooms or more | 0.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.63 |
| Median year structure was built | 1980 |
| Median Value of occupied units | $58,800 |
| Median Price asked for vacant units | $33,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.3 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $99 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.90% |
| Home Equity Loan | 0% |
| Simple Mortgage | 43.90% |
| Debt Free | 51.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.3% |
