Madison, MS Real Estate

According to census data in the year 2000 there were 5,349 housing units in Madison. This represents a 98.1% growth from 2,700 in 1990.

Of those housing units, 5,027 were located in either urbanized areas or urban clusters, and 322 were located in what is classified as a rural area.

Homeownership rate in Madison is about 93.9%. Madison's vacancy rate, including seasonal lodging, is about 2.2%. Average household size is 2.78 people.

The majority of houses, apartments or condos in Madison were built after 1990.


Housing Size

Housing Units by Size
Studio Type0.10%
One Bedroom0.80%
Two Bedrooms6.40%
Three Bedrooms60.90%
Four Bedrooms28.80%
Five Bedrooms or more3.10%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.8
Median year structure was built1991
Median Value of occupied units$133,900
Median Price asked for vacant units$142,000

Rented Homes, Apartments and Condos

Average Household Size2.57
Median year structure was built1984
Median Monthly Rent asked for vacant units$1,284

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage9.40%
Home Equity Loan10.40%
Simple Mortgage68.60%
Debt Free11.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18%