Madison, WI Real Estate

According to census data in the year 2000 there were 92,353 housing units in Madison. This represents a 15.4% growth from 80,047 in 1990.

Of those housing units, 92,092 were located in either urbanized areas or urban clusters, and 261 were located in what is classified as a rural area.

Homeownership rate in Madison is about 47.8%. Madison's vacancy rate, including seasonal lodging, is about 3.8%. Average household size is 2.19 people.

The majority of houses, apartments or condos in Madison were built after 1967.


Housing Size

Housing Units by Size
Studio Type6.80%
One Bedroom18.20%
Two Bedrooms31%
Three Bedrooms32%
Four Bedrooms10.30%
Five Bedrooms or more1.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.43
Median year structure was built1963
Median Value of occupied units$139,300
Median Price asked for vacant units$142,300

Rented Homes, Apartments and Condos

Average Household Size1.97
Median year structure was built1971
Median Monthly Rent asked for vacant units$640

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage9.70%
Home Equity Loan12.20%
Simple Mortgage53%
Debt Free24.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.9%