Madison, IL Real Estate
According to census data in the year 2000 there were 2,310 housing units in Madison.
This represents a 1.8% growth from 2,269 in 1990.
Of those housing units, 2,165 were located in either urbanized areas or urban clusters, and 145 were located in what is classified as a rural area.
Homeownership rate in Madison is about 61.5%.
Madison's vacancy rate, including seasonal lodging, is about 18%.
Average household size is 2.4 people.
The majority of houses, apartments or condos in Madison were built after 1948.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 21.50% |
| Two Bedrooms | 39.40% |
| Three Bedrooms | 28.20% |
| Four Bedrooms | 6.60% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.37 |
| Median year structure was built | 1947 |
| Median Value of occupied units | $38,000 |
| Median Price asked for vacant units | $19,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.43 |
| Median year structure was built | 1952 |
| Median Monthly Rent asked for vacant units | $334 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.80% |
| Home Equity Loan | 0.50% |
| Simple Mortgage | 39.80% |
| Debt Free | 54.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.4% |
