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 Size

Housing Units by Size
Studio Type2.20%
One Bedroom8.40%
Two Bedrooms31.90%
Three Bedrooms50.40%
Four Bedrooms7.20%
Five Bedrooms or more0%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.88
Median year structure was built1975
Median Value of occupied units$39,200
Median Price asked for vacant units$12,500

Rented Homes, Apartments and Condos

Average Household Size2.55
Median year structure was built1980
Median Monthly Rent asked for vacant units$311

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.30%
Home Equity Loan4.10%
Simple Mortgage47.70%
Debt Free45.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.2%