New Madison, OH Real Estate
According to census data in the year 2000 there were 366 housing units in New Madison.
This represents a 1.1% decline from 370 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 366 were located in what is classified as a rural area.
Homeownership rate in New Madison is about 81.3%.
New Madison's vacancy rate, including seasonal lodging, is about 4.9%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in New Madison were built after 1945.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 4.10% |
| Two Bedrooms | 22.40% |
| Three Bedrooms | 59.60% |
| Four Bedrooms | 10.40% |
| Five Bedrooms or more | 3.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.44 |
| Median year structure was built | 1949 |
| Median Value of occupied units | $76,500 |
| Median Price asked for vacant units | $70,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.11 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 10% |
| Home Equity Loan | 5.40% |
| Simple Mortgage | 39.50% |
| Debt Free | 45.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.7% |
