Madison, IN Real Estate
According to census data in the year 2000 there were 5,638 housing units in Madison.
This represents a 9.5% growth from 5,151 in 1990.
Of those housing units, 5,615 were located in either urbanized areas or urban clusters, and 23 were located in what is classified as a rural area.
Homeownership rate in Madison is about 63.2%.
Madison's vacancy rate, including seasonal lodging, is about 9.2%.
Average household size is 2.21 people.
The majority of houses, apartments or condos in Madison were built after 1962.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.30% |
| One Bedroom | 19.40% |
| Two Bedrooms | 27.50% |
| Three Bedrooms | 36.70% |
| Four Bedrooms | 11.90% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.43 |
| Median year structure was built | 1961 |
| Median Value of occupied units | $92,000 |
| Median Price asked for vacant units | $108,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.84 |
| Median year structure was built | 1966 |
| Median Monthly Rent asked for vacant units | $348 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 6.80% |
| Home Equity Loan | 12.10% |
| Simple Mortgage | 43.60% |
| Debt Free | 36.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.1% |
