Madison County, Alabama Housing Market Prices
Madison County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 24% above the Alabama median More expensive than 80% of counties in Alabama$198,391
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Median rent 20% above the Alabama median Among the 5 most expensive counties in Alabama$1,208
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Madison County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $198,391 | $160,474 | $248,835 |
| Price Trend (Annual %) | 3.7% | 6.3% | 7.5% |
| Median Gross Rent | $1,208 | $1,007 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Madison County is about 24% higher than in Alabama. Rent is about 20% higher than the Alabama average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Madison County, up about 3.7% and 5.6% a year respectively. Rent is changing faster.
Median rent in Madison County rose about 57.9% between 2015 and 2024, from $765 to $1,208. Over the same span, rent in Alabama rose about 40.5%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Madison County.
Buying the median-priced home in Madison County costs roughly 13.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Madison County. The price-to-rent ratio in Alabama is about 13.3.
| Metric | Madison County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $198,391 | $160,474 | $248,835 |
| Median Household Income | $86,187 | $64,544 | $80,455 |
| Price-to-Income Ratio | 2.3 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Madison County rose about 22.7%, while median household income rose about 48.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Madison County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.1% | 60.0% | 58.5% |
| Rental Rate | 29.3% | 25.5% | 31.2% |
| Vacancy Rate | 7.6% | 14.5% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Madison County has a homeownership rate of 63.1%, higher than the Alabama average of 60.0%. Its housing vacancy rate is 7.6%, compared with 14.5% in Alabama.
Housing Stock
| Metric | Madison County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.48 people | 2.53 people |
| Median Structure Built Year | 1990 | 1985 | 1978 |
| Median Number of Rooms | 6.2 | 5.9 | 5.5 |
The typical housing unit in Madison County was built around 1990. On average, 2.4 people live in a home with about 6.2 rooms, staying for about 14.0 years on average.
Madison County, AL Housing Compared With Nearby Counties
Madison County, AL is the largest of the 6 counties compared here, 405,488 residents against a local median of 99,748. The measure that sets Madison County, AL apart most is median rent: $1,208, 41% above the local median of $856.
Median home price tells the same story from another angle: $198,391 against a local median of $236,233, 16% below it. The counties themselves sit within $190 of each other on median rent, a tighter band than the gap between any of them and Madison County, AL, which makes it a genuine outlier here rather than one end of a wide local spread. Madison County, AL has the highest median rent of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Madison County, AL | 405,488 | $198,391 #4/6 | $1,208 #1/6 | 68.3% #6/6 |
| Lincoln County, TN | 35,946 | $259,155 | $856 | 75.8% |
| Morgan County, AL | 124,471 | $236,233 | $863 | 72.7% |
| Limestone County, AL | 111,233 | $339,394 | $970 | 77.6% |
| Marshall County, AL | 99,748 | $178,269 | $794 | 75.8% |
| Jackson County, AL | 53,053 | $41,299 | $779 | 75.1% |
Frequently Asked Questions
Common questions about the housing market in Madison County, Alabama.
What is the median home price in Madison County, Alabama?
The median home price in Madison County, Alabama is $198,391, higher than the Alabama average of $160,474.
What is the average home price in Madison County, Alabama?
The typical home price in Madison County, Alabama, reported as the median sale price, is $198,391. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Madison County, Alabama?
The median gross rent in Madison County, Alabama is $1,208 per month, higher than the Alabama average of $1,007.
What was the median gross rent in Madison County in 2020?
In 2020, the median gross rent in Madison County, Alabama was $886 per month.
What is the price-to-rent ratio in Madison County, Alabama?
The price-to-rent ratio in Madison County, Alabama is about 13.7, meaning it would take roughly 13.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Madison County.
Are home prices or rent rising faster in Madison County, Alabama?
Both home prices and rent are rising in Madison County, up about 3.7% and 5.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Madison County, Alabama?
63.1% of households in Madison County, Alabama own their home, higher than the Alabama average of 60.0%.
What is the vacancy rate in Madison County, Alabama?
The housing vacancy rate in Madison County, Alabama is 7.6%, lower than the Alabama average of 14.5%.
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