Madison, ME Real Estate

According to census data in the year 2000 there were 1,226 housing units in Madison. This represents a 0.2% growth from 1,224 in 1990.

Of those housing units, 897 were located in either urbanized areas or urban clusters, and 329 were located in what is classified as a rural area.

Homeownership rate in Madison is about 65.8%. Madison's vacancy rate, including seasonal lodging, is about 5.6%. Average household size is 2.27 people.

The majority of houses, apartments or condos in Madison were built after 1947.


Housing Size

Housing Units by Size
Studio Type0.90%
One Bedroom11.70%
Two Bedrooms32.10%
Three Bedrooms35.50%
Four Bedrooms14.50%
Five Bedrooms or more5.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.53
Median year structure was built1952
Median Value of occupied units$67,100
Median Price asked for vacant units$34,600

Rented Homes, Apartments and Condos

Average Household Size1.77
Median year structure was built1940
Median Monthly Rent asked for vacant units$304

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.10%
Home Equity Loan7.70%
Simple Mortgage45.50%
Debt Free39.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.7%