The housing market in Madison, AL County is currently booming. According to the latest statistics, the median housing value in the county is $293,900, which is significantly lower than the US median of $338,100. Additionally, house appreciation rates over the past year have been extremely high with an 8.27% nationwide average compared to a 12.86% increase in Madison County. This indicates that both new and current homeowners are seeing great returns on investments in Madison County's real estate market.
The median home cost in Madison County is $293,900. Home appreciation the last 10 years has been 87.5%. Home Appreciation in Madison County is up 21.7%.
Average Age of Homes
- The median age of Madison County real estate is 30 years old
The Rental Market in Madison County
- Renters make up 27.9% of the Madison County population
- 1.4% of houses and apartments in Madison County, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.