Madras, OR Real Estate
According to census data in the year 2000 there were 1,927 housing units in Madras.
This represents a 40.2% growth from 1,374 in 1990.
Of those housing units, 1,900 were located in either urbanized areas or urban clusters, and 27 were located in what is classified as a rural area.
Homeownership rate in Madras is about 52.1%.
Madras's vacancy rate, including seasonal lodging, is about 9.1%.
Average household size is 2.81 people.
The majority of houses, apartments or condos in Madras were built after 1978.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.40% |
| One Bedroom | 19.80% |
| Two Bedrooms | 36.20% |
| Three Bedrooms | 36.10% |
| Four Bedrooms | 4.20% |
| Five Bedrooms or more | 1.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.95 |
| Median year structure was built | 1976 |
| Median Value of occupied units | $92,400 |
| Median Price asked for vacant units | $212,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.66 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $547 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.60% |
| Home Equity Loan | 9.90% |
| Simple Mortgage | 52.40% |
| Debt Free | 29.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 23% |
