Housing in Madison, AL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$480,000
Median List Price
$461,950
Price Per Sq Ft
$178
Days on Market
79
Active Inventory
229
Months of Supply
3.6
Seller's market
Zillow Home Value
$368,586
ZHVI — January 2026
Zillow Rent Index
$1,493
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
14.3%
Off Market in 2 Weeks
32.9%
Sale-to-List Ratio
98.6%
Buyer's market
Market Activity
Source: RedfinHomes Sold
63
New Listings
74
Pending Sales
70
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$178
Median List $/SF
$180
Madison vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 50,000 - 100,000 residents. Madison is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$367,900
Median Rent
$1,375
Total Housing Units
22,688
Vacancy Rate
3.2%
Owner Occupied
74.7%
Renter Occupied
25.3%
Median Property Tax
$1,807
per year
Monthly Cost (w/ Mortgage)
$1,601
Housing Types
The current median sale price in Madison, AL is $480,000 according to Redfin data. Homes spend a median of 79 days on the market. 14.3% of homes sold above asking price. The market has 3.6 months of supply. The median price per square foot is $178. Zillow's observed rent index is $1,493/month. About 74.7% of housing units are owner-occupied. The median year homes were built is 2000. There are 22,688 total housing units.