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Madrid, IA Real Estate


According to census data in the year 2000 there were 958 housing units in Madrid. This represents a 1.2% growth from 947 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 958 were located in what is classified as a rural area.

Homeownership rate in Madrid is about 78.7%. Madrid's vacancy rate, including seasonal lodging, is about 6.5%. Average household size is 2.47 people.

The majority of houses, apartments or condos in Madrid were built after 1951.

Statistics

Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom8.50%
Two Bedrooms31%
Three Bedrooms45.80%
Four Bedrooms12.20%
Five Bedrooms or more2.10%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.46
Median year structure was built1950
Median Value of occupied units$71,800
Median Price asked for vacant units$28,100

Rented Homes, Apartments and Condos

Average Household Size2.51
Median year structure was built1954
Median Monthly Rent asked for vacant units$318

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.30%
Home Equity Loan5.20%
Simple Mortgage45.50%
Debt Free46%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.5%