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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 13.40% |
| Two Bedrooms | 32.80% |
| Three Bedrooms | 35.90% |
| Four Bedrooms | 15.30% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1960 |
| Median Value of occupied units | $74,900 |
| Median Price asked for vacant units | $33,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.1 |
| Median year structure was built | 1952 |
| Median Monthly Rent asked for vacant units | $386 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.50% |
| Home Equity Loan | 2.20% |
| Simple Mortgage | 48.80% |
| Debt Free | 41.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.1% |
