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 Size

Housing Units by Size
Studio Type0.40%
One Bedroom8.30%
Two Bedrooms21.90%
Three Bedrooms38.30%
Four Bedrooms26.60%
Five Bedrooms or more4.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.83
Median year structure was built1991
Median Value of occupied units$141,300
Median Price asked for vacant units$177,800

Rented Homes, Apartments and Condos

Average Household Size2.08
Median year structure was built1988
Median Monthly Rent asked for vacant units$551

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage11.40%
Home Equity Loan9.20%
Simple Mortgage69.10%
Debt Free10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.7%