Madison, IN Real Estate

According to census data in the year 2000 there were 5,638 housing units in Madison. This represents a 9.5% growth from 5,151 in 1990.

Of those housing units, 5,615 were located in either urbanized areas or urban clusters, and 23 were located in what is classified as a rural area.

Homeownership rate in Madison is about 63.2%. Madison's vacancy rate, including seasonal lodging, is about 9.2%. Average household size is 2.21 people.

The majority of houses, apartments or condos in Madison were built after 1962.


Housing Size

Housing Units by Size
Studio Type2.30%
One Bedroom19.40%
Two Bedrooms27.50%
Three Bedrooms36.70%
Four Bedrooms11.90%
Five Bedrooms or more2.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.43
Median year structure was built1961
Median Value of occupied units$92,000
Median Price asked for vacant units$108,100

Rented Homes, Apartments and Condos

Average Household Size1.84
Median year structure was built1966
Median Monthly Rent asked for vacant units$348

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage6.80%
Home Equity Loan12.10%
Simple Mortgage43.60%
Debt Free36.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.1%