Madison, NC Real Estate

According to census data in the year 2000 there were 1,049 housing units in Madison. This represents a 0.7% growth from 1,042 in 1990.

Of those housing units, 1,005 were located in either urbanized areas or urban clusters, and 44 were located in what is classified as a rural area.

Homeownership rate in Madison is about 63%. Madison's vacancy rate, including seasonal lodging, is about 8.1%. Average household size is 2.31 people.

The majority of houses, apartments or condos in Madison were built after 1961.


Housing Size

Housing Units by Size
Studio Type0.80%
One Bedroom9.50%
Two Bedrooms33.60%
Three Bedrooms43.80%
Four Bedrooms9.30%
Five Bedrooms or more3.10%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.43
Median year structure was built1960
Median Value of occupied units$82,300
Median Price asked for vacant units$67,500

Rented Homes, Apartments and Condos

Average Household Size2.1
Median year structure was built1963
Median Monthly Rent asked for vacant units$389

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4%
Home Equity Loan5.20%
Simple Mortgage50%
Debt Free40.80%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.8%