Madison, IL Real Estate
According to census data in the year 2000 there were 2,310 housing units in Madison.
This represents a 1.8% growth from 2,269 in 1990.
Of those housing units, 2,165 were located in either urbanized areas or urban clusters, and 145 were located in what is classified as a rural area.
Homeownership rate in Madison is about 61.5%.
Madison's vacancy rate, including seasonal lodging, is about 18%.
Average household size is 2.4 people.
The majority of houses, apartments or condos in Madison were built after 1948.
|Housing Units by Size|
|Five Bedrooms or more||2.90%|
Owned Homes, Apartments and Condos
|Average Household Size||2.37|
|Median year structure was built||1947|
|Median Value of occupied units||$38,000|
|Median Price asked for vacant units||$19,100|
Rented Homes, Apartments and Condos
|Average Household Size||2.43|
|Median year structure was built||1952|
|Median Monthly Rent asked for vacant units||$334|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||0.50%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||14.4%|