Madison County
Alabama · Pop. 395,279
Ranked #50 of 200 counties
52Moderate
Median Home Price
🏠$300K
4.0% YoY
Median Rent
🔑$1,300
Median Income
💰$68K
Rent Burden
📊26.5%
% of income to rent
Housing Shortage
🏗️8,000
estimated unit deficit
Building Permits (2024)
📋5,500
Price-to-Income Ratio
⚖️4.4x
Homeownership Rate
🏡64.0%
How Madison County Compares
| Metric | Madison County | Alabama | National |
|---|---|---|---|
| Home Price | $300K | $217K | $410K |
| Rent | $1,300 | $982 | $1,500 |
| Income | $68K | $62K | $75K |
| Rent Burden | 26.5% | 28.5% | 30.0% |
| Homeownership | 64.0% | 70.0% | 65.0% |
Key Takeaways
- • Home prices are 27% below the national average.
- • Rent is 13% below the national average.
- • The county has an estimated housing shortage of 8,000 units.
- • 5,500 building permits were issued in 2024.
- • Year-over-year home prices changed by 4.0%.