Madison, MN Real Estate

According to census data in the year 2000 there were 883 housing units in Madison. This represents a 3.6% decline from 916 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 883 were located in what is classified as a rural area.

Homeownership rate in Madison is about 75.2%. Madison's vacancy rate, including seasonal lodging, is about 10.6%. Average household size is 2.06 people.

The majority of houses, apartments or condos in Madison were built after 1950.


Housing Size

Housing Units by Size
Studio Type0.70%
One Bedroom12.10%
Two Bedrooms27.20%
Three Bedrooms37.80%
Four Bedrooms20%
Five Bedrooms or more2.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.25
Median year structure was built1945
Median Value of occupied units$41,700
Median Price asked for vacant units$21,900

Rented Homes, Apartments and Condos

Average Household Size1.47
Median year structure was built1962
Median Monthly Rent asked for vacant units$231

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage3.50%
Home Equity Loan5.50%
Simple Mortgage33.10%
Debt Free57.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs13%