Madison, AR Real Estate
According to census data in the year 2000 there were 417 housing units in Madison.
This represents a 10.5% decline from 466 in 1990.
Of those housing units, 354 were located in either urbanized areas or urban clusters, and 63 were located in what is classified as a rural area.
Homeownership rate in Madison is about 58.4%.
Madison's vacancy rate, including seasonal lodging, is about 12.5%.
Average household size is 2.74 people.
The majority of houses, apartments or condos in Madison were built after 1977.
|Housing Units by Size|
|Five Bedrooms or more||0%|
Owned Homes, Apartments and Condos
|Average Household Size||2.88|
|Median year structure was built||1975|
|Median Value of occupied units||$39,200|
|Median Price asked for vacant units||$12,500|
Rented Homes, Apartments and Condos
|Average Household Size||2.55|
|Median year structure was built||1980|
|Median Monthly Rent asked for vacant units||$311|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||4.10%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||19.2%|