Madison, AL Real Estate
According to census data in the year 2000 there were 12,025 housing units in Madison.
This represents a 81.8% growth from 6,616 in 1990.
Of those housing units, 11,791 were located in either urbanized areas or urban clusters, and 234 were located in what is classified as a rural area.
Homeownership rate in Madison is about 70.5%.
Madison's vacancy rate, including seasonal lodging, is about 8.1%.
Average household size is 2.61 people.
The majority of houses, apartments or condos in Madison were built after 1990.
|Housing Units by Size|
|Five Bedrooms or more||4.50%|
Owned Homes, Apartments and Condos
|Average Household Size||2.83|
|Median year structure was built||1991|
|Median Value of occupied units||$141,300|
|Median Price asked for vacant units||$177,800|
Rented Homes, Apartments and Condos
|Average Household Size||2.08|
|Median year structure was built||1988|
|Median Monthly Rent asked for vacant units||$551|
Owners Finance Status
|Second Mortgage & Equity Loan||0.30%|
|Home Equity Loan||9.20%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17.7%|