Madeira, OH Real Estate
According to census data in the year 2000 there were 3,530 housing units in Madeira.
This represents a 1% decline from 3,565 in 1990.
Of those housing units, 3,530 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Madeira is about 91.3%.
Madeira's vacancy rate, including seasonal lodging, is about 2.9%.
Average household size is 2.53 people.
The majority of houses, apartments or condos in Madeira were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 3.60% |
| Two Bedrooms | 20.80% |
| Three Bedrooms | 43.60% |
| Four Bedrooms | 26.60% |
| Five Bedrooms or more | 5% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.57 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $159,700 |
| Median Price asked for vacant units | $200,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.1 |
| Median year structure was built | 1949 |
| Median Monthly Rent asked for vacant units | $464 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1% |
| Second Mortgage | 7% |
| Home Equity Loan | 12.50% |
| Simple Mortgage | 41.80% |
| Debt Free | 37.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.5% |
