Madison, FL Real Estate
According to census data in the year 2000 there were 1,424 housing units in Madison.
This represents a 6.4% growth from 1,338 in 1990.
Of those housing units, 1,316 were located in either urbanized areas or urban clusters, and 108 were located in what is classified as a rural area.
Homeownership rate in Madison is about 53.1%.
Madison's vacancy rate, including seasonal lodging, is about 11.6%.
Average household size is 2.42 people.
The majority of houses, apartments or condos in Madison were built after 1970.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 17.10% |
| Two Bedrooms | 35.20% |
| Three Bedrooms | 34.10% |
| Four Bedrooms | 10.60% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.48 |
| Median year structure was built | 1969 |
| Median Value of occupied units | $53,300 |
| Median Price asked for vacant units | $27,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.35 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $281 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.30% |
| Home Equity Loan | 4.50% |
| Simple Mortgage | 40% |
| Debt Free | 50.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 26.3% |
