Madison, AR Real Estate
According to census data in the year 2000 there were 417 housing units in Madison.
This represents a 10.5% decline from 466 in 1990.
Of those housing units, 354 were located in either urbanized areas or urban clusters, and 63 were located in what is classified as a rural area.
Homeownership rate in Madison is about 58.4%.
Madison's vacancy rate, including seasonal lodging, is about 12.5%.
Average household size is 2.74 people.
The majority of houses, apartments or condos in Madison were built after 1977.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.20% |
| One Bedroom | 8.40% |
| Two Bedrooms | 31.90% |
| Three Bedrooms | 50.40% |
| Four Bedrooms | 7.20% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.88 |
| Median year structure was built | 1975 |
| Median Value of occupied units | $39,200 |
| Median Price asked for vacant units | $12,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.55 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $311 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.30% |
| Home Equity Loan | 4.10% |
| Simple Mortgage | 47.70% |
| Debt Free | 45.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.2% |
