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Madison, AL
Full City Profile · Alabama · Madison County County
4.0
/5.0
A
Great
58,335
Population
1,908/sq mi density
$131,436
Median Income
$54,644 per capita
$367,900
Home Value
$372,091 Zillow
$1,375
Median Rent
24.8% income on rent
63°F
Avg Temperature
301 sunny days/yr
323
Violent Crime/100K
2,031 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
5.0 / 5.0
$131,436 median income, 1.6% unemployment
A+
Affordability
5.0 / 5.0
$367,900 home value, $1,375/mo rent
F
Safety
1.0 / 5.0
323 violent crimes/100K
A+
Education
5.0 / 5.0
65.9% bachelor's degree or higher
Housing Overview
Median Home Value
$367,900
31% above
US avg: $281,900
Median Rent
$1,375/mo
18% above
US avg: $1,163/mo
Homeownership Rate
74.7%
14% above US avg (65.4%)
Total Housing Units
22,752
Median year built: 1999
Home Value by Source
Census Median
$367,900
Zillow (ZHVI)
$372,091
Median Sale Price
$440,000
Median List Price
$424,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
74.7%
Owner-Occupied
25.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,030/mo
1 Bedroom
$1,136/mo
2 Bedroom
$1,310/mo
3 Bedroom
$1,690/mo
4 Bedroom
$2,109/mo
Census median rent:
$1,375/mo
· Zillow rent:
$1,490/mo
Market Indicators (Redfin)
Median Days on Market
92 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
49
Price Drops
14.8%
of listings with price reduction
Price Per Sq Ft
$174
Active Inventory
223
homes for sale
Affordability & Housing Stock
Rent Burden
24.8%
of renters spending 30%+ of income on housing
20% below US avg (31.0%)
Median Year Built
1999
Average age of housing stock: 27 years
Homeownership Rate
74.7%
Complete Housing Data
Home Values
| Census Median Value | $367,900 |
| Zillow Home Value (ZHVI) | $372,091 |
| Median Sale Price | $440,000 |
| Median List Price | $424,900 |
| Price Per Sq Ft | $174 |
Rent
| Census Median Rent | $1,375 |
| Zillow Rent (ZORI) | $1,490 |
| FMR Studio | $1,030 |
| FMR 1-Bedroom | $1,136 |
| FMR 2-Bedroom | $1,310 |
| FMR 3-Bedroom | $1,690 |
| FMR 4-Bedroom | $2,109 |
Market
| Days on Market | 92 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 14.8% |
| Homes Sold | 49 |
| Active Inventory | 223 |
| Price Per Sq Ft | $174 |
Ownership & Stock
| Owner-Occupied | 74.7% |
| Renter-Occupied | 25.3% |
| Homeownership Rate | 74.7% |
| Total Housing Units | 22,752 |
| Median Year Built | 1999 |
| Rent Burden | 24.8% |