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Madison, AL Housing

 
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As of 2010-2014, median price of a house in Madison is $231,700, which is much higher than the state average of $123,800 and is higher than the national average of $175,700. The Madison median house value has grown by 63.98% since 2000. The growth rate for the price of a house in Madison is higher than the state average rate of 45.48% and is higher than the national average rate of 46.91%. The median year that a house in Madison was built is 1995, which is newer than the median year for a house built in the state which is 1981 and is newer than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 11,833 Owner Occupied Houses in Madison, AL, #16
Madison, AL
231,700 USD
Alabama
123,800 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #81
Madison, AL
63.98%
Alabama
45.48%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Madison, ALAlabamaU.S.
Total Housing Units17,993, see rank, 100%2,190,638132,741,033
Occupied Housing Units16,583, 92.16%, see rank84.09%87.55%
Owner Occupied11,833, 65.76%, see rank58.17%56.34%
Renter Occupied4,750, 26.40%, see rank25.93%31.21%
Vacant Housing Units1,410, 7.84%, see rank15.91%12.45%
For Rent392, 2.18%, see rank2.61%2.34%
For Sale Only352, 1.96%, see rank1.54%1.20%
Rented or Sold, Not Occupied264, 1.47%, see rank1.25%0.92%
For Seasonal, Recreational, or Occasional Use181, 1.01%, see rank3.76%3.97%
For Migrant Workers0, 0.00%, see rank0.03%0.03%
Other Vacant221, 1.23%, see rank6.71%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #28
Madison, ALAlabamaU.S.
199519811976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Madison, AL%AlabamaU.S.
Owner-Occupied Units11,833100%1,274,19674,787,460
With a Mortgage8,95375.66%, see rank58.96%65.58%
Without a Mortgage2,88024.34%, see rank41.04%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Madison, AL
1,581 USD
Alabama
1,159 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsMadison, AL%AlabamaU.S.
$299 or Less90.10%, see rank0.23%0.20%
$300 to $4991221.36%, see rank2.96%1.59%
$500 to $6992252.51%, see rank9.57%5.01%
$700 to $99993110.40%, see rank24.89%14.32%
$1,000 to $1,4992,77831.03%, see rank34.17%27.90%
$1,500 to $1,9992,32125.92%, see rank16.11%20.35%
$2,000 to $2,9991,95021.78%, see rank9.13%19.52%
$3,000 or More6176.89%, see rank2.95%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Madison, AL
17.00% of the Total Income
Alabama
21.70% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Madison, AL%AlabamaU.S.
10% or Less1,09712.25%, see rank7.30%5.86%
10% to 20%4,61051.49%, see rank37.14%31.95%
20% to 30%1,98922.22%, see rank25.71%27.64%
30% to 40%7178.01%, see rank11.45%13.74%
40% or More5245.85%, see rank17.78%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Madison, AL
393 USD
Alabama
349 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsMadison, AL%AlabamaU.S.
$199 or Less1254.34%, see rank11.83%7.76%
$200 to $29952518.23%, see rank24.55%14.70%
$300 to $4991,42749.55%, see rank42.72%34.63%
$500 to $69952518.23%, see rank14.46%21.16%
$700 or More2789.65%, see rank6.44%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Madison, AL
10.00% of the Total Income
Alabama
11.40% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Madison, AL%AlabamaU.S.
10% or Less2,04571.01%, see rank43.66%40.19%
10% to 20%54018.75%, see rank30.25%31.47%
20% to 30%1796.22%, see rank11.03%12.24%
30% to 40%150.52%, see rank5.23%5.64%
40% or More822.85%, see rank8.16%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Madison, ALAlabamaU.S.
Total Housing Units17,993, 100%2,190,638132,741,033
1-unit, Detached12,526, 69.62%, see rank68.53%61.65%
1-unit, Attached638, 3.55%, see rank1.66%5.82%
2 Units233, 1.29%, see rank2.09%3.75%
3 or 4 Units828, 4.60%, see rank2.93%4.43%
5 to 9 Units1,541, 8.56%, see rank4.20%4.78%
10 or More Units1,941, 10.79%, see rank6.84%13.08%
Mobile Home, Boat, RV, Van, etc.286, 1.59%, see rank13.74%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Madison, ALAlabamaU.S.
Total Housing Units17,993, 100%2,190,638132,741,033
1 Room87, 0.48%, see rank1.12%1.95%
2 Rooms318, 1.77%, see rank1.17%2.48%
3 Rooms1,365, 7.59%, see rank5.77%9.13%
4 Rooms2,015, 11.20%, see rank15.10%16.60%
5 Rooms2,383, 13.24%, see rank23.28%20.41%
6 Rooms2,745, 15.26%, see rank20.97%18.06%
7 Rooms2,306, 12.82%, see rank13.59%12.27%
8 Rooms2,335, 12.98%, see rank8.86%8.48%
9 Rooms or More4,439, 24.67%, see rank10.13%10.60%
Median Rooms6.50, see rank5.705.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Madison, ALAlabamaU.S.
Total Housing Units17,993, 100%2,190,638132,741,033
No Bedroom99, 0.55%, see rank1.21%2.17%
1 Bedroom1,279, 7.11%, see rank6.20%11.16%
2 Bedrooms3,106, 17.26%, see rank23.92%26.69%
3 Bedrooms6,653, 36.98%, see rank49.95%39.70%
4 Bedrooms5,532, 30.75%, see rank15.40%16.05%
5 or More Bedrooms1,324, 7.36%, see rank3.33%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Madison, ALAlabamaU.S.
Total Housing Units16,583, 100%1,842,174116,211,092
Utility Gas5,533, 33.37%, see rank29.16%48.85%
Bottled, Tank, or LP Gas158, 0.95%, see rank7.18%4.86%
Electricity10,847, 65.41%, see rank61.92%36.68%
Fuel Oil, Kerosene, etc.0, 0.00%, see rank0.21%5.86%
Coal or Coke0, 0.00%, see rank0.01%0.12%
Wood35, 0.21%, see rank1.11%2.12%
Solar Energy0, 0.00%, see rank0.01%0.05%
Other Fuel0, 0.00%, see rank0.09%0.47%
No Fuel Used10, 0.06%, see rank0.31%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalMadison, ALAlabamaU.S.
Occupied Units Paying Rent4,655, 100%505,13639,201,928
$199 or Less18, 0.39%, see rank2.18%1.50%
$200 to $29954, 1.16%, see rank5.01%3.18%
$300 to $499196, 4.21%, see rank14.15%7.37%
$500 to $699795, 17.08%, see rank26.64%16.01%
$700 to $9991,973, 42.38%, see rank32.35%29.17%
$1,000 to $1,4991,150, 24.70%, see rank15.87%26.88%
$1,500 to $1,999273, 5.86%, see rank2.54%9.79%
$2,000 or More196, 4.21%, see rank1.26%6.10%
Median$857, see rank$715$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Madison, ALAlabamaU.S.
Occupied Housing Units16,583, 100%1,842,174116,211,092
No Vehicles Available285, 1.72%, see rank6.48%9.12%
1 Vehicles Available4,423, 26.67%, see rank32.94%33.80%
2 Vehicles Available7,679, 46.31%, see rank37.28%37.48%
3 or More Vehicles Available4,196, 25.30%, see rank23.30%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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