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Madison, AL Real Estate

Madison is a city in Madison County, Alabama with a population of about 58,335. The median home value is near $367,900, and median rent runs around $1,375/mo.

Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.

Median Home Value
$367,900
Median Rent
$1,375/mo
Population
58,335
Median Income
$131,436
Median Age
37.9
Homeownership
74.7%

Monthly payment on a median Madison home

Example for a $367,900 home: 20% down, 30-yr at ~6.75%, AL property tax ~0.40%, 0.4% insurance.

Est. monthly (PITI)
$2,154
Principal & interest
$1,909
Property tax / mo
$123
Down payment (20%)
$73,580

Madison at a glance

  • 36.3% of residents 25+ hold a bachelor's degree or higher.
  • 74.7% of occupied homes are owner-occupied.
  • Median household income is $131,436.
  • Always verify the assigned school district, flood zone, and HOA for a specific address before signing.

Other Alabama cities

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