Madison, OH Real Estate
According to census data in the year 2000 there were 1,171 housing units in Madison.
This represents a 30.7% growth from 896 in 1990.
Of those housing units, 834 were located in either urbanized areas or urban clusters, and 337 were located in what is classified as a rural area.
Homeownership rate in Madison is about 76.6%.
Madison's vacancy rate, including seasonal lodging, is about 5.5%.
Average household size is 2.61 people.
The majority of houses, apartments or condos in Madison were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 7% |
| Two Bedrooms | 14.60% |
| Three Bedrooms | 58.10% |
| Four Bedrooms | 17.90% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.69 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $125,000 |
| Median Price asked for vacant units | $112,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.35 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $442 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 7.10% |
| Home Equity Loan | 16.20% |
| Simple Mortgage | 55.80% |
| Debt Free | 20.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.6% |
