Housing Profile
Madison County, Florida

• Population, 2007: 19940. Madison County ranks # 55 of Florida's 67 counties in population.

• Households, 2007: 7168

• In 2030, Madison County is projected to have a population of 22902, ranking it # 56 of Florida's 67 counties.

Projected Total Population, Madison County, 2007-2030

Place	2007	2010	2015	2020	2025	2030
Madison County	19940	20302	20998	21702	22299	22902
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Sources:   Not Available.

Existing Home Values (Based on County Property Appraisers' Just Value)

• Single Family Home, average just value, 2008: $91163. (Statewide, the average just value of a single family home in Florida in 2008 was $248425).
• Mobile Home, average just value, 2008: $54801.
• Condominium, average just value, 2008: $0.
• 
  * -100 means less than 25 observations
  * -200 means less than 2/3 of observations have valid year built entries
  * -300 means less than 2/3 of observations have valid square footage entries
  * -400 means no observations

Home Sales Prices

• The average sales price for a single family home was $119356 in 2007. The median sales price that year was $111750, compared to a statewide median sales price of $240000.
• 
  * -100 means less than 25 observations.
  * -200 means less than 2/3 of observations have valid entries for that year.
  * -300 means less than 2/3 of observations have valid square footage entries.
  * -400 means no observations.

Median Sales Price for Single Family Homes and Condominiums, Madison County, 1996-2007

Place	Housing Type	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007
Madison County	Condominiums	0	0	0	0	0	0	0	0	0	0	0	0
Madison County	Single Family Homes	45000	48000	53000	51450	49500	59250	55000	58000	77000	80000	100000	111750
Notes:  * -100 means less than 25 observations. * -200 means less than 2/3 of observations have valid entries for that year. * -300 means less than 2/3 of observations have valid square footage entries. * -400 means no observations. Sources:  County property appraiser tax rolls, compiled by Shimberg Center - Florida Housing Data Clearinghouse.

Rents

• The median rent paid by Madison County households in 2000 was $347 per month, compared to a statewide median rent of $641.

• In Madison County and the surrounding metro area, the HUD Fair Market Rent in 2009, representing rent for a typical modest apartment, was $515 for a studio apartment, $516 for a one-bedroom, $618 for a two-bedroom, $779 for a three-bedroom, and $888 for a four-bedroom unit.

Households by Monthly Rent Paid, Madison County,2000

Place	No Cash Rent	less than 200	between 200 and 299	between 300 and 499	between 500 and 749	between 750 and 999	between 1000 and 1499	1500 or more
Madison County	288	237	214	427	228	15	0	0

Cost Burden, General

• "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2007, 1982 Madison County households (28%) pay more than 30% of income for housing. By comparison, 0% of households statewide are cost-burdened.

• 1011 households in Madison County (14%) pay more than 50% of income for housing.

Households by Cost Burden, Madison County, 2007

	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
Total	5186	971	1011
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** The Household Demographic Data Access Tool allows users to combine any of the variables below to create a custom report. For example, a user could find the number of 1-2 person renter households age 65 and older who pay more than 50% of income for housing by selecting household size, householder age, and household income as indicators.

Households by Homeowner/Renter Status and Cost Burden, Madison County, 2007

	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
Owner	4123	756	788
Renter	1063	215	223
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

Household Income

• In the following table, household income is measured as a percentage of the median income for the county or area, adjusted for family size. In Madison County and the surrounding metro area, the HUD-estimated median income for a family of four is $40000 in 2008.

Households by Income and Cost Burden, Madison County, 2007

Household Income as Percentage of Area Median Income	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
<=30% AMI	496	247	662
30.01-50% AMI	412	274	199
50.01-80% AMI	849	236	146
80.01+% AMI	3429	214	4
Total	5186	971	1011
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** For more detailed income categories and to combine with other variables such as age, cost burden, and owner/renter status, try the Household Demographic Data Access Tool.

Elderly Households

• 1888 households in Madison County (26.3%) are headed by a person age 65 or older in 2007. In comparison, 27.3% of households statewide are headed by elderly persons.

• 3311 of elderly households in Madison County (87.5%) own their homes.

• 520 elderly households (28%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Madison County, 2007

Age of Householder	Amount of Income Paid for Housing
	0-30%	30-49.9%	50+ %
65+	1368	260	260
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** To learn about all head-of-household age categories and to combine with other variables such as income, cost burden, and owner/renter status, try the Household Demographic Data Access Tool.

Size of Households

• 4175 households in Madison County (58%) are made up of 1-2 persons in 2007. 29% of these households pay more than 30% of income for rent or mortgage costs.

• 2222 households in Madison County (31%%) are made up of 3-4 persons in 2007. 25% of these households pay more than 30% of income for rent or mortgage costs.

• 768 households in Madison County (11%%) are made up of 5 persons or more in 2007. 26% of these households pay more than 30% of income for rent or mortgage costs.

Households by Size and Cost Burden, Madison County, 2007

Number of Persons in the Household	Amount of Income Paid for Housing
	0-30%	30.01-50%	50.01+ %
1-2	2959	562	654
3-4	1658	290	274
5+	567	119	82
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** To combine with other variables such as income, head-of-household age, and owner/renter status, try the Household Demographic Data Access Tool.

Disability and Affordable Housing Need

• In 2000, 1328 low-income households included at least one person with a disability age 15 or older. These households had incomes below 60% of the area median income.

Low-Income (<60% AMI) Households Including Persons with Disabilities Age 15+ and Cost Burden, Madison County, 2000

Amount of Income Paid for Housing
0-29.9%	30-49.9%	50+ %
584	332	412

Single Family Home Size and Age

• In 2008, the median size for a new single-family home in Madison County was 1597 square feet.

Year Structure Built, Madison County, 2000

Year Structure Built, 2000
1939 and earlier	1940s	1950s	1960s	1970s	1980s	1990s	Place
705	374	832	918	1649	1444	1914	Madison County

Substandard Housing

Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing. In 2000,

• 287 housing units (4.3% of all units) in Madison County were overcrowded, meaning that they housed more than one person per room, compared to a statewide percentage of 6.5%.

• 47 units (0.7%) in Madison County did not use home heating fuel, compared to a statewide percentage of 1.8%.

• 64 units (0.8%) in Madison County lacked complete kitchen facilities, compared to a statewide percentage of 0.5%.

• 113 units (1.4%) in Madison County lacked complete plumbing facilities, compared to a statewide percentage of 0.4%.