Madison, SD Real Estate

According to census data in the year 2000 there were 2,728 housing units in Madison. This represents a 4.4% growth from 2,613 in 1990.

Of those housing units, 2,591 were located in either urbanized areas or urban clusters, and 137 were located in what is classified as a rural area.

Homeownership rate in Madison is about 62.1%. Madison's vacancy rate, including seasonal lodging, is about 4.4%. Average household size is 2.28 people.

The majority of houses, apartments or condos in Madison were built after 1958.


Housing Size

Housing Units by Size
Studio Type0.50%
One Bedroom13.40%
Two Bedrooms32.80%
Three Bedrooms35.90%
Four Bedrooms15.30%
Five Bedrooms or more2.10%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.39
Median year structure was built1960
Median Value of occupied units$74,900
Median Price asked for vacant units$33,300

Rented Homes, Apartments and Condos

Average Household Size2.1
Median year structure was built1952
Median Monthly Rent asked for vacant units$386

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.50%
Home Equity Loan2.20%
Simple Mortgage48.80%
Debt Free41.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.1%