Madison, VA Real Estate
According to census data in the year 2000 there were 115 housing units in Madison.
This represents a 3.6% growth from 111 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 115 were located in what is classified as a rural area.
Homeownership rate in Madison is about 60.2%.
Madison's vacancy rate, including seasonal lodging, is about 6.1%.
Average household size is 1.71 people.
The majority of houses, apartments or condos in Madison were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 18.30% |
| Two Bedrooms | 35.70% |
| Three Bedrooms | 26.10% |
| Four Bedrooms | 15.70% |
| Five Bedrooms or more | 4.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 1.38 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $137,500 |
| Median Price asked for vacant units | $112,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.21 |
| Median year structure was built | 1954 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.70% |
| Home Equity Loan | 0% |
| Simple Mortgage | 16.70% |
| Debt Free | 76.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.1% |
