Madison, AL—35758
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Madison, AL
As of Nov '25, the median home price in Madison, AL is $368,000, with a year-over-year change of 1.0%. This indicates that home prices in Madison, AL are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $368,000 | 1.0% |
| Single Family | $378,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $204,000 | -2.4% |
3 Bed | $300,000 | 0.3% |
4 Bed | $453,000 | 1.8% |
| 5 Bed | $618,840 | 2.2% |
% of Housing Stock
Rental Trends — Madison, AL
As of July '25, Rentcast reports the average rent in Madison, AL is $1,710, with a year-over-year rent change of -6.0%. Per bedroom, the median rent as of July '25 in Madison, AL is studios: $1,300, 1-bedrooms: $1,300, 2-bedrooms: $1,290, 3-bedrooms: $1,880, 4-bedrooms: $2,220. The most common rental property sizes in Madison, AL are 3-bedroom and 2-bedroom, accounting for 33.6% and 33.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,710 |
| Studio Rent | $1,190 | $1,300 |
| 1 Bed Rent | $1,240 | $1,300 |
| 2 Bed Rent | $1,200 | $1,290 |
| 3 Bed Rent | $1,780 | $1,880 |
| 4 Bed Rent | $2,100 | $2,220 |
% of Rental Stock
Property Listings — Madison, AL
As of Nov '25, Realtor.com reports that the median days on market for a home in Madison, AL is 78. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $480,000 | 7.0% |
Listing Count | 214 | 11.0% |
| Listings as % of Homes | 0.5% | 11.0% |
Days on Market | 78 | 17.0% |
Demographics — Madison, AL
As of the latest ACS Survey released in 2023, Madison, AL has a population of 48,900, which has increased by 7.0% over the past 5 years. Madison, AL is a popular place for families, as children make up 26.1% of the population. The area has a highly educated workforce, with 63.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 48,900 | 7.0% |
% Under 18 | 26.1% | 11.1% |
% Seniors | 12.9% | 18.3% |
% WFH | 17.9% | 383.8% |
% w/ College Degree | 63.9% | 11.5% |
As of the latest ACS Survey released in 2023, Madison, AL is a predominantly white area, with 67.6% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Madison, AL is black, making up 14.4% of the population. Foreign-born residents account for 8.8% of the population in Madison, AL, and this percentage has increased by 6.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 67.6% | -2.5% |
% Black | 14.4% | -4.6% |
% Hispanic | 8.0% | 42.9% |
% Asian | 7.1% | 26.8% |
% Foreign Born | 8.8% | 6.0% |
Mortgage and Risk — Madison, AL
According to HUD data as of 2023, there were 323 mortgage originations in Madison, AL, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Madison, AL. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 323 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Rentals and Section 8 — Madison, AL
As of 2024, the percent of homes in Madison, AL under the Section 8 program is 2.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Madison, AL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 204 |
Total Units Section 8 | 106 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,240 | $1,270 |
| 2 Bedroom | $280 | $1,200 | $1,480 |
| 3 Bedroom | $130 | $1,780 | $1,910 |
| 4 Bedroom | $230 | $2,100 | $2,330 |
Affordability — Madison, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $368,000 |
| Median Household Income | $116,000 |