Madison Home Prices & Values

$194,700 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.4% 1-year change
  • 2.1% 1-year forecast

The median home value in Madison is $194,700. Madison home values have gone up 0.4% over the past year and Zillow predicts they will rise 2.1% within the next year. The median list price per square foot in Madison is $111, which is higher than the Huntsville Metro average of $93. The median price of homes currently listed in Madison is $255,000 while the median price of homes that sold is $157,642.

Foreclosures will be a factor impacting home values in the next several years. In Madison 3.4 homes are foreclosed (per 10,000). This is lower than the national value of 5.0

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 1.2%, which is lower than the national value of 8.0%. 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 Feb 28, 2014
  • $194,700 ZHVI
  • 2.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow’s prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Feb 28, 2015)
  • $255,000 Median listing price
  • $157,642 Median sale price
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Madison Market Health

Data through Feb 28, 2014
  • 6.0/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region’s housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • No recent data Homes with negative equity (19.4% US Avg)
  • No recent data Delinquent on mortgage (8.0% US Avg)

Homes foreclosed (per 10,000)

3.4 homes Madison
5 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Meridianville $156,200 Priceville $152,000 Harvest $150,600
Ardmore $138,900 Huntsville $131,900 Laceys Spring $131,000
Hazel Green $121,000 Owens Cross Roads $118,000 Decatur $111,000

Listings & Sales

Data through Feb 28, 2014
  • $111 Median list price / sq ft
  • $99 Median sale price / sq ft
  • 32.5% Listings with price cut
14.8%
Sold below listing
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Madison Rentals

Data through Feb 28, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,356 Madison
$1,097 Huntsville Metro
$1,310 United States
  • No recent data Breakeven horizon
  • No data Rent list price
  • $0.75 Rent list price / sq ft
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