Madison County, Alabama home prices
Typical home $311,524 · +1.2% in a year · property tax 0.4%
The typical home in Madison County is worth $311,524, 31% more than the Alabama typical home ($238,614). Values changed +1.2% in the past year and +14.1% over five years. Homeowners here pay a median 0.4% of their home's value in property tax each year ($1,234 on the typical home), versus 0.38% statewide.
Mortgage on the typical Madison County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $62,305 | $249,219 | $1,677 | $0 | $259 | $1,935 | $82,900 |
| 10% down | $31,152 | $280,371 | $1,886 | $117 | $259 | $2,261 | $96,900 |
| 5% down | $15,576 | $295,948 | $1,991 | $123 | $259 | $2,373 | $101,700 |
| 3.5% down (FHA) | $10,903 | $305,881 | $2,058 | $138 | $259 | $2,454 | $105,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.4% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Alabama · part of the Huntsville metro area.
Alabama counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Limestone County | $319,959 | +0.7% | 0.32% |
| Saint Clair County | $279,967 | +3.5% | 0.32% |
| Elmore County | $272,853 | +4.3% | 0.27% |
| Lee County | $350,993 | +4.1% | 0.48% |
| Autauga County | $265,448 | +3.8% | 0.3% |
| Tallapoosa County | $263,539 | -1.7% | 0.3% |
| Shelby County | $359,660 | +2.3% | 0.44% |
| Cullman County | $252,044 | +3.2% | 0.26% |
| Baldwin County | $371,447 | +0.1% | 0.3% |
| Tuscaloosa County | $249,799 | +0.6% | 0.32% |
Frequently asked questions
What is the average home price in Madison County, AL?
The typical home value in Madison County is $311,524 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Madison County?
About $82,900 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Madison County?
The median effective rate is 0.4% of home value a year (Census ACS 2024 5-year estimates).