Madison Home Prices & Values

$197,500 Zillow Home Value Index What's This?  
Close

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

  • -0.9% 1-year change
  • 3.3% 1-year forecast

The median home value in Madison is $197,500. Madison home values have declined -0.9% over the past year and Zillow predicts they will rise 3.3% within the next year. The median list price per square foot in Madison is $100, which is higher than the Huntsville Metro average of $90. The median price of homes currently listed in Madison is $249,900 while the median price of homes that sold is $178,826. The median rent price in Madison is $1,150, which is higher than the Huntsville Metro median of $995.

Foreclosures will be a factor impacting home values in the next several years. In Madison 1.4 homes are foreclosed (per 10,000). This is lower than the national value of 4.3

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 0.9%, which is lower than the national value of 6.9%. 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 13.9%.

more
Relative ZHVI
- +

Madison Market Overview

Data through Aug 31, 2014
  • $197,500 ZHVI
  • 3.3% 1-yr forecast What's This?  
    Close

    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $249,900 Median listing price
  • $178,826 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Madison Market Health

Data through Aug 31, 2014
  • 6.6/10 Healthy What's This?  
    Close

    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 days on Zillow
  • 13.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 0.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.4 homes Madison
4.3 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Meridianville $159,900 Harvest $157,700 Ardmore $138,500
Huntsville $134,100 Hazel Green $123,500 Owens Cross Roads $123,500
Union Grove $117,800    

Listings & Sales

Data through Aug 31, 2014
  • $100 Median list price / sq ft
  • $92 Median sale price / sq ft
  • 36.4% Listings with price cut
18.6%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Madison Rentals

Data through Aug 31, 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
$1,339 Madison
$1,112 Huntsville Metro
$1,328 United States
  • 2.3 Breakeven horizon What's This?  
    Close

    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $1,150 Rent list price
  • $0.67 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

 
 
 
Sign in with Google