Madison, WV Real Estate
According to census data in the year 2000 there were 1,327 housing units in Madison.
This represents a 1.1% decline from 1,342 in 1990.
Of those housing units, 1,051 were located in either urbanized areas or urban clusters, and 276 were located in what is classified as a rural area.
Homeownership rate in Madison is about 72.7%.
Madison's vacancy rate, including seasonal lodging, is about 10.8%.
Average household size is 2.24 people.
The majority of houses, apartments or condos in Madison were built after 1960.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 6.30% |
| Two Bedrooms | 36.50% |
| Three Bedrooms | 40% |
| Four Bedrooms | 13.50% |
| Five Bedrooms or more | 3.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.15 |
| Median year structure was built | 1962 |
| Median Value of occupied units | $87,600 |
| Median Price asked for vacant units | $82,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.47 |
| Median year structure was built | 1957 |
| Median Monthly Rent asked for vacant units | $282 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.70% |
| Home Equity Loan | 7.80% |
| Simple Mortgage | 44.50% |
| Debt Free | 44.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.2% |
