Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$311,524+1.2% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 18% have cut their price
Income needed to buy, per year$67,532About 0.8× the local median income ($89,197): affordable for a typical household
Days on market79 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.1%Zillow expects prices to rise slightly
The typical home in Madison County, AL is worth $311,524, up 1.2% from a year ago. That is well above what local incomes have historically supported: fair value is about $270,600, so the area is 15.1% overvalued. It is a balanced market, leaning toward buyers: homes take about 79 days to sell, listings are up 19% from a year ago, 18% of listings have had a price cut. Zillow expects prices to rise about 2.1% over the next year. A household needs about $67,532 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $89,197. Typical rent is $1,378 a month, or $1,748 for a house. In the latest IRS figures, 4,800 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$311,524
Change in 1 year
+1.2%
Overvalued %
+15.1%
Show 7 more
Fair home value
$270,600
Change in 5 years
+14.1%
Zillow forecast, next 12 months
+2.1%
Home value to income
3.5×
Monthly mortgage payment (20% down)
$1,688
Income needed to afford it
$67,532
Property tax rate
0.40%
Rent and investing
Typical rent
$1,378
Typical rent for houses
$1,748
Price-to-rent ratio
18.8×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,341
Gross rental yield
5.31%
Cap rate (estimate)
3.45%
Market activity
Listings vs a year ago
+18.8%
Days on market
79
Listings with a price cut
18.3%
Show 3 more
Homes for sale
2,318
Pending sales per 100 listings
35
Asking price per sq ft
$166
People and jobs
Median household income
$89,197
Population change (1 year)
+2.5%
Unemployment rate
3.6%
Show 4 more
Population
433,516
Income adjusted for cost of living
$95,808
Net moves in (IRS)
+4,800
Cost of living (US = 100)
93.1
Schools, risk and environment
School rating (1 to 10)
7.3
FEMA hazard risk score (0 to 100)
94.6
Unhealthy air days a year
0
Show 4 more
Flood risk score
95.9
Wildfire risk score
36.1
Walkability (1 to 20)
7.6
Road, rail and air noise
54 dB
Questions people ask
Is Madison County, AL overvalued?
Home prices in Madison County, AL are well above what local incomes have historically supported: fair value is about $270,600, so the area is 15.1% overvalued.
Is Madison County, AL a buyer's or seller's market?
Madison County, AL is a balanced market, leaning toward buyers: homes take about 79 days to sell, listings are up 19% from a year ago, 18% of listings have had a price cut.
Are home prices going down in Madison County, AL?
Home values in Madison County, AL are up 1.2% over the last year. Zillow's forecast for the next 12 months is +2.1%.
How much do you need to earn to buy a home in Madison County, AL?
A household needs about $67,532 a year to afford the typical home in Madison County, AL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $89,197.