Housing in Madrid, AL

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — June 2025

Median Sale Price

$193,000

Median List Price

N/A

Price Per Sq Ft

$163

Days on Market

Active Inventory

N/A

Zillow Home Value

$150,076

ZHVI — January 2026

Price Trends

Source: Redfin

Sale Price ↑ 17.0%Mar 24 → Jun 25

Market Competitiveness

Source: Redfin

Sold Above List

100.0%

Sale-to-List Ratio

101.6%

Seller's market

Sold Above Asking

100.0%

Market Activity

Source: Redfin

Homes Sold

Homes Sold ↑ 0.0%Pending ↑ 0.0%Mar 24 → Jun 25

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$163

Sale $/SF ↑ 50.9%Mar 24 → Jun 25

Madrid vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Madrid is highlighted.

Median Home Value

34th%ilemost expensive$129,500show rank

Median Rent

34th%ilemost expensive rent$825show rank

Median Price Per Sq Ft

46th%ilemost expensive $/sqft$163show rank

Rent Burden

86th%ilehighest rent burden25.5%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$129,500

Median Rent

$825

Total Housing Units

145

Vacancy Rate

24.8%

Owner Occupied

89.0%

Renter Occupied

11.0%

Median Property Tax

$283

per year

Monthly Cost (w/ Mortgage)

$561

Housing Types

Single Family

67.6%

Multi-Family

1.4%

Mobile Home

31.0%

The current median sale price in Madrid, AL is $193,000 according to Redfin data. Homes spend a median of 36 days on the market. 100.0% of homes sold above asking price. The median price per square foot is $163. The median rent is $825 per month (Census ACS). About 89.0% of housing units are owner-occupied. The median year homes were built is 1991. There are 145 total housing units.