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Madelia, MN Real Estate


According to census data in the year 2000 there were 1,000 housing units in Madelia. This represents a 8.3% growth from 923 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 1,000 were located in what is classified as a rural area.

Homeownership rate in Madelia is about 67.1%. Madelia's vacancy rate, including seasonal lodging, is about 8.9%. Average household size is 2.48 people.

The majority of houses, apartments or condos in Madelia were built after 1956.

Statistics

Housing Size

Housing Units by Size
Studio Type2.60%
One Bedroom11.40%
Two Bedrooms31.40%
Three Bedrooms35.20%
Four Bedrooms16.30%
Five Bedrooms or more3.10%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.69
Median year structure was built1949
Median Value of occupied units$60,700
Median Price asked for vacant units$37,500

Rented Homes, Apartments and Condos

Average Household Size2.04
Median year structure was built1971
Median Monthly Rent asked for vacant units$338

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.80%
Home Equity Loan2.90%
Simple Mortgage47.60%
Debt Free41.70%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.7%