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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 6.80% |
| One Bedroom | 18.20% |
| Two Bedrooms | 31% |
| Three Bedrooms | 32% |
| Four Bedrooms | 10.30% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.43 |
| Median year structure was built | 1963 |
| Median Value of occupied units | $139,300 |
| Median Price asked for vacant units | $142,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.97 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $640 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 9.70% |
| Home Equity Loan | 12.20% |
| Simple Mortgage | 53% |
| Debt Free | 24.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.9% |
