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Madison Center, CT Real Estate


According to census data in the year 2000 there were 1,230 housing units in Madison Center. This represents a 6% growth from 1,160 in 1990.

Of those housing units, 1,230 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Madison Center is about 63.5%. Madison Center's vacancy rate, including seasonal lodging, is about 17.6%. Average household size is 2.22 people.

The majority of houses, apartments or condos in Madison Center were built after 1968.

Statistics

Housing Size

Housing Units by Size
Studio Type0.70%
One Bedroom21.10%
Two Bedrooms19.30%
Three Bedrooms24.20%
Four Bedrooms23.70%
Five Bedrooms or more11.10%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.61
Median year structure was built1964
Median Value of occupied units$294,700

Rented Homes, Apartments and Condos

Average Household Size1.54
Median year structure was built1973
Median Monthly Rent asked for vacant units$850

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.90%
Second Mortgage10.50%
Home Equity Loan8.90%
Simple Mortgage45.50%
Debt Free34.20%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs20.5%