Home Values

Madison Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$201,000

  • 2.6% 1-year change
  • 4.4% 1-year forecast

The median home value in Madison is $201,000. Madison home values have gone up 2.6% over the past year and Zillow predicts they will rise 4.4% within the next year. The median list price per square foot in Madison is None. The median rent price in Madison is $1,195, which is higher than the Huntsville Metro median of $875.

Foreclosures will be a factor impacting home values in the next several years. In Madison 3.7 homes are foreclosed (per 10,000). This is greater than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Madison is 1.3%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Madison homeowners underwater on their mortgage is 13.8%.

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Relative ZHVI
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Madison Market Overview

Data through May 31, 2015
  • $201,000 ZHVI
  • 4.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • $197,564 Median sale price
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Madison Market Health

Data through May 31, 2015
  • No recent data Very healthy
  • No data Average days on Zillow
  • 13.8% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 1.3% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

3.7 homes Madison
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Meridianville $154,200
Priceville $151,700
Harvest $150,100
Name Median ZHVI
Ardmore $137,100
Laceys Spring $132,200
Huntsville $129,300
Name Median ZHVI
Hazel Green $119,200
Decatur $111,000
Taft $93,500

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $94 Median sale price / sq ft
  • No data Listings with price cut
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Madison Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,355 Madison
    $1,067 Huntsville Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,195 Rent list price
  • $0.67 Rent list price / sq ft
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