Madison County, Alabama Housing Market
In Madison County, Alabama, the median home value is $299,200, with a median monthly rent of $1,209. This places Madison County at #627 nationally out of 3134 counties by median home value, and #3 within Alabama.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,475
- Establishments: 14,228
- BLS QCEW, 2025
Housing Supply
- Single-family: 2,866
- Multi-family: 1,204
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 160,130 (avg $98,898)
- Outflow: 151,097 (avg $100,463)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Madison County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 35816 | 289.5 | +12.38% | 2025 |
| 2 | 35760 | 280.7 | +4.46% | 2025 |
| 3 | 35761 | 249.4 | +6.47% | 2025 |
| 4 | 35805 | 328.9 | -3.23% | 2025 |
| 5 | 35806 | 226.6 | -3.27% | 2025 |
| 6 | 35741 | 221.6 | -7.21% | 2025 |
| 7 | 35810 | 258.6 | -2.99% | 2025 |
| 8 | 35763 | 236.0 | -2.73% | 2025 |
| 9 | 35759 | 222.5 | +3.40% | 2025 |
| 10 | 35750 | 262.7 | +4.56% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Madison County Compares
| Metric | Madison County | Alabama Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $299,200 | $159,659 | $227,706 |
| Median Gross Rent | $1,209 | $820 | $968 |
| Owner Occupancy Rate | 68.3% | 73.2% | 73.3% |
| Price/Rent Ratio | 20.6 | 16.0 | 18.7 |
Market Analysis
The median home value in Madison County is 87.4% above the Alabama state average and 31.4% above the U.S. national average. The median rent of $1,209/month is 47.4% above the state average.
With a price-to-rent ratio of 20.6, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Madison County has an owner-occupancy rate of 68.3%, compared to 73.2% in Alabama and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Harrisonburg city | Virginia | $299,100 | $1,184 |
| Pender County | North Carolina | $299,000 | $1,106 |
| Greenville County | South Carolina | $299,000 | $1,262 |
| Sevier County | Tennessee | $299,000 | $1,072 |
| Clarke County | Georgia | $298,900 | $1,219 |
Other Counties in Alabama
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Baldwin County | $316,900 | $1,277 | 77.6% |
| Limestone County | $281,000 | $970 | 77.6% |
| Shelby County | $326,100 | $1,401 | 81.4% |
| Lee County | $262,200 | $1,058 | 66.3% |
| Tuscaloosa County | $248,700 | $1,037 | 61.4% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).