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Madison, OH Real Estate


According to census data in the year 2000 there were 1,171 housing units in Madison. This represents a 30.7% growth from 896 in 1990.

Of those housing units, 834 were located in either urbanized areas or urban clusters, and 337 were located in what is classified as a rural area.

Homeownership rate in Madison is about 76.6%. Madison's vacancy rate, including seasonal lodging, is about 5.5%. Average household size is 2.61 people.

The majority of houses, apartments or condos in Madison were built after 1973.

Statistics

Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom7%
Two Bedrooms14.60%
Three Bedrooms58.10%
Four Bedrooms17.90%
Five Bedrooms or more2%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.69
Median year structure was built1973
Median Value of occupied units$125,000
Median Price asked for vacant units$112,500

Rented Homes, Apartments and Condos

Average Household Size2.35
Median year structure was built1970
Median Monthly Rent asked for vacant units$442

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage7.10%
Home Equity Loan16.20%
Simple Mortgage55.80%
Debt Free20.40%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs20.6%