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 Size

Housing Units by Size
Studio Type1.50%
One Bedroom21.50%
Two Bedrooms39.40%
Three Bedrooms28.20%
Four Bedrooms6.60%
Five Bedrooms or more2.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.37
Median year structure was built1947
Median Value of occupied units$38,000
Median Price asked for vacant units$19,100

Rented Homes, Apartments and Condos

Average Household Size2.43
Median year structure was built1952
Median Monthly Rent asked for vacant units$334

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.80%
Home Equity Loan0.50%
Simple Mortgage39.80%
Debt Free54.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs14.4%