Madison, IN Real Estate
According to census data in the year 2000 there were 5,638 housing units in Madison.
This represents a 9.5% growth from 5,151 in 1990.
Of those housing units, 5,615 were located in either urbanized areas or urban clusters, and 23 were located in what is classified as a rural area.
Homeownership rate in Madison is about 63.2%.
Madison's vacancy rate, including seasonal lodging, is about 9.2%.
Average household size is 2.21 people.
The majority of houses, apartments or condos in Madison were built after 1962.
|Housing Units by Size|
|Five Bedrooms or more||2.20%|
Owned Homes, Apartments and Condos
|Average Household Size||2.43|
|Median year structure was built||1961|
|Median Value of occupied units||$92,000|
|Median Price asked for vacant units||$108,100|
Rented Homes, Apartments and Condos
|Average Household Size||1.84|
|Median year structure was built||1966|
|Median Monthly Rent asked for vacant units||$348|
Owners Finance Status
|Second Mortgage & Equity Loan||0.50%|
|Home Equity Loan||12.10%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||15.1%|