Madras, OR Real Estate

According to census data in the year 2000 there were 1,927 housing units in Madras. This represents a 40.2% growth from 1,374 in 1990.

Of those housing units, 1,900 were located in either urbanized areas or urban clusters, and 27 were located in what is classified as a rural area.

Homeownership rate in Madras is about 52.1%. Madras's vacancy rate, including seasonal lodging, is about 9.1%. Average household size is 2.81 people.

The majority of houses, apartments or condos in Madras were built after 1978.


Housing Size

Housing Units by Size
Studio Type2.40%
One Bedroom19.80%
Two Bedrooms36.20%
Three Bedrooms36.10%
Four Bedrooms4.20%
Five Bedrooms or more1.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.95
Median year structure was built1976
Median Value of occupied units$92,400
Median Price asked for vacant units$212,500

Rented Homes, Apartments and Condos

Average Household Size2.66
Median year structure was built1980
Median Monthly Rent asked for vacant units$547

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage8.60%
Home Equity Loan9.90%
Simple Mortgage52.40%
Debt Free29.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs23%