New Madrid, MO Real Estate
According to census data in the year 2000 there were 1,421 housing units in New Madrid.
This represents a 7.2% growth from 1,325 in 1990.
Of those housing units, 1,321 were located in either urbanized areas or urban clusters, and 100 were located in what is classified as a rural area.
Homeownership rate in New Madrid is about 62.3%.
New Madrid's vacancy rate, including seasonal lodging, is about 10.1%.
Average household size is 2.49 people.
The majority of houses, apartments or condos in New Madrid were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 11.30% |
| Two Bedrooms | 30.50% |
| Three Bedrooms | 47.40% |
| Four Bedrooms | 9.50% |
| Five Bedrooms or more | 0.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.5 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $57,400 |
| Median Price asked for vacant units | $41,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.46 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $246 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.80% |
| Home Equity Loan | 5% |
| Simple Mortgage | 58.30% |
| Debt Free | 29.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.9% |
