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Madison, MN Housing

 
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As of 2010-2014, median price of a house in Madison is $55,000, which is much lower than the state average of $185,200 and is much lower than the national average of $175,700. The Madison median house value has grown by 31.89% since 2000. The growth rate for the price of a house in Madison is lower than the state average rate of 51.31% and is lower than the national average rate of 46.91%. The median year that a house in Madison was built is 1950, which is older than the median year for a house built in the state which is 1975 and is older than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 514 Owner Occupied Houses in Madison, MN, #779
Madison, MN
55,000 USD
Minnesota
185,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #753
Madison, MN
31.89%
Minnesota
51.31%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Madison, MNMinnesotaU.S.
Total Housing Units868, see rank, 100%2,364,149132,741,033
Occupied Housing Units712, 82.03%, see rank89.48%87.55%
Owner Occupied514, 59.22%, see rank64.51%56.34%
Renter Occupied198, 22.81%, see rank24.96%31.21%
Vacant Housing Units156, 17.97%, see rank10.52%12.45%
For Rent15, 1.73%, see rank1.22%2.34%
For Sale Only32, 3.69%, see rank0.96%1.20%
Rented or Sold, Not Occupied8, 0.92%, see rank0.68%0.92%
For Seasonal, Recreational, or Occasional Use37, 4.26%, see rank5.29%3.97%
For Migrant Workers0, 0.00%, see rank0.01%0.03%
Other Vacant64, 7.37%, see rank2.36%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #750
Madison, MNMinnesotaU.S.
195019751976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Madison, MN%MinnesotaU.S.
Owner-Occupied Units514100%1,525,20174,787,460
With a Mortgage22343.39%, see rank68.78%65.58%
Without a Mortgage29156.61%, see rank31.22%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Madison, MN
902 USD
Minnesota
1,526 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsMadison, MN%MinnesotaU.S.
$299 or Less31.35%, see rank0.18%0.20%
$300 to $499229.87%, see rank1.30%1.59%
$500 to $6993113.90%, see rank4.08%5.01%
$700 to $9998437.67%, see rank12.50%14.32%
$1,000 to $1,4995826.01%, see rank30.43%27.90%
$1,500 to $1,999188.07%, see rank25.36%20.35%
$2,000 to $2,99952.24%, see rank19.32%19.52%
$3,000 or More20.90%, see rank6.84%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Madison, MN
19.00% of the Total Income
Minnesota
22.50% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Madison, MN%MinnesotaU.S.
10% or Less2511.21%, see rank6.13%5.86%
10% to 20%9743.50%, see rank35.03%31.95%
20% to 30%5524.66%, see rank30.01%27.64%
30% to 40%2511.21%, see rank12.88%13.74%
40% or More219.42%, see rank15.67%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Madison, MN
322 USD
Minnesota
475 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsMadison, MN%MinnesotaU.S.
$199 or Less6120.96%, see rank4.45%7.76%
$200 to $2996723.02%, see rank10.96%14.70%
$300 to $49910636.43%, see rank39.99%34.63%
$500 to $6994314.78%, see rank27.38%21.16%
$700 or More144.81%, see rank17.23%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Madison, MN
11.50% of the Total Income
Minnesota
11.50% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Madison, MN%MinnesotaU.S.
10% or Less12342.27%, see rank43.57%40.19%
10% to 20%10736.77%, see rank31.28%31.47%
20% to 30%3913.40%, see rank11.58%12.24%
30% to 40%227.56%, see rank5.05%5.64%
40% or More00.00%, see rank7.69%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Madison, MNMinnesotaU.S.
Total Housing Units868, 100%2,364,149132,741,033
1-unit, Detached704, 81.11%, see rank67.25%61.65%
1-unit, Attached4, 0.46%, see rank7.45%5.82%
2 Units15, 1.73%, see rank2.34%3.75%
3 or 4 Units18, 2.07%, see rank2.08%4.43%
5 to 9 Units13, 1.50%, see rank2.23%4.78%
10 or More Units110, 12.67%, see rank15.14%13.08%
Mobile Home, Boat, RV, Van, etc.4, 0.46%, see rank3.52%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Madison, MNMinnesotaU.S.
Total Housing Units868, 100%2,364,149132,741,033
1 Room15, 1.73%, see rank1.54%1.95%
2 Rooms34, 3.92%, see rank2.83%2.48%
3 Rooms74, 8.53%, see rank9.20%9.13%
4 Rooms53, 6.11%, see rank14.05%16.60%
5 Rooms129, 14.86%, see rank15.52%20.41%
6 Rooms127, 14.63%, see rank14.98%18.06%
7 Rooms146, 16.82%, see rank12.86%12.27%
8 Rooms130, 14.98%, see rank11.01%8.48%
9 Rooms or More160, 18.43%, see rank18.01%10.60%
Median Rooms6.50, see rank6.005.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Madison, MNMinnesotaU.S.
Total Housing Units868, 100%2,364,149132,741,033
No Bedroom15, 1.73%, see rank1.76%2.17%
1 Bedroom101, 11.64%, see rank11.71%11.16%
2 Bedrooms203, 23.39%, see rank26.64%26.69%
3 Bedrooms334, 38.48%, see rank34.15%39.70%
4 Bedrooms180, 20.74%, see rank19.81%16.05%
5 or More Bedrooms35, 4.03%, see rank5.94%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Madison, MNMinnesotaU.S.
Total Housing Units712, 100%2,115,337116,211,092
Utility Gas531, 74.58%, see rank66.78%48.85%
Bottled, Tank, or LP Gas15, 2.11%, see rank10.05%4.86%
Electricity137, 19.24%, see rank16.13%36.68%
Fuel Oil, Kerosene, etc.16, 2.25%, see rank2.62%5.86%
Coal or Coke0, 0.00%, see rank0.03%0.12%
Wood0, 0.00%, see rank2.55%2.12%
Solar Energy0, 0.00%, see rank0.02%0.05%
Other Fuel11, 1.54%, see rank1.17%0.47%
No Fuel Used2, 0.28%, see rank0.65%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalMadison, MNMinnesotaU.S.
Occupied Units Paying Rent159, 100%562,19839,201,928
$199 or Less0, 0.00%, see rank2.46%1.50%
$200 to $29914, 8.81%, see rank4.66%3.18%
$300 to $49933, 20.75%, see rank9.32%7.37%
$500 to $69956, 35.22%, see rank17.06%16.01%
$700 to $99933, 20.75%, see rank33.30%29.17%
$1,000 to $1,49916, 10.06%, see rank23.49%26.88%
$1,500 to $1,9997, 4.40%, see rank7.02%9.79%
$2,000 or More0, 0.00%, see rank2.69%6.10%
Median$627, see rank$835$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Madison, MNMinnesotaU.S.
Occupied Housing Units712, 100%2,115,337116,211,092
No Vehicles Available67, 9.41%, see rank7.25%9.12%
1 Vehicles Available250, 35.11%, see rank30.11%33.80%
2 Vehicles Available259, 36.38%, see rank40.67%37.48%
3 or More Vehicles Available136, 19.10%, see rank21.97%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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