Madison, NJ Real Estate
According to census data in the year 2000 there were 5,641 housing units in Madison.
This represents a 1.4% growth from 5,564 in 1990.
Of those housing units, 5,641 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Madison is about 67%.
Madison's vacancy rate, including seasonal lodging, is about 2.1%.
Average household size is 2.53 people.
The majority of houses, apartments or condos in Madison were built after 1953.
|Housing Units by Size|
|Five Bedrooms or more||9.30%|
Owned Homes, Apartments and Condos
|Average Household Size||2.78|
|Median year structure was built||1953|
|Median Value of occupied units||$362,400|
|Median Price asked for vacant units||$350,000|
Rented Homes, Apartments and Condos
|Average Household Size||2.02|
|Median year structure was built||1954|
|Median Monthly Rent asked for vacant units||$900|
Owners Finance Status
|Second Mortgage & Equity Loan||0.70%|
|Home Equity Loan||10.90%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||19.9%|