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 Units by Size|
|Five Bedrooms or more||2.20%|
Owned Homes, Apartments and Condos
|Average Household Size||2.25|
|Median year structure was built||1945|
|Median Value of occupied units||$41,700|
|Median Price asked for vacant units||$21,900|
Rented Homes, Apartments and Condos
|Average Household Size||1.47|
|Median year structure was built||1962|
|Median Monthly Rent asked for vacant units||$231|
Owners Finance Status
|Second Mortgage & Equity Loan||0.40%|
|Home Equity Loan||5.50%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||13%|