Ft. Madison, IA Real Estate

According to census data in the year 2000 there were 5,164 housing units in Ft. Madison. This represents a 0.9% decline from 5,209 in 1990.

Of those housing units, 5,037 were located in either urbanized areas or urban clusters, and 127 were located in what is classified as a rural area.

Homeownership rate in Ft. Madison is about 69.7%. Ft. Madison's vacancy rate, including seasonal lodging, is about 9.7%. Average household size is 2.29 people.

The majority of houses, apartments or condos in Ft. Madison were built after 1943.


Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom16.30%
Two Bedrooms34.10%
Three Bedrooms34.50%
Four Bedrooms11.60%
Five Bedrooms or more3.10%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.52
Median year structure was built1942
Median Value of occupied units$53,700
Median Price asked for vacant units$45,000

Rented Homes, Apartments and Condos

Average Household Size1.76
Median year structure was built1947
Median Monthly Rent asked for vacant units$309

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.20%
Home Equity Loan7.10%
Simple Mortgage42%
Debt Free47.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs14.6%