Home prices
Madison's median home value is $253,000. This is roughly $83,940 (49%) higher in comparison to its nearby areas.It is roughly $35,500 (16%) higher compared to the United States as a whole, and it is about $161,900 (177%) higher in comparison to the city of Birmingham.
Rents
Madison's median rent is $946 a month. Compared to its surrounding areas this is roughly $33 (3%) lower.It is approximately $116 (10%) lower compared to the rest of the country, and it is approximately $109 (13%) higher compared to the city of Birmingham.
Nearby places
Huntsville
Huntsville is Madison's neighbor to the east. The real estate prices there are a lot less expensive. The median home price in Huntsville is $182,900, which comes out to $70,100 (38%) lower than Madison. Rent there is somewhat less expensive. The median rent in Huntsville is $827 a month, which comes out to $119 (14%) lower than Madison.
Triana
Triana is approximately 8 miles south from Madison. Its real estate prices are substantially less expensive. Triana's median home price is $139,500, which works out to $113,500 (81%) lower than Madison. Rent there is a little more expensive. In Triana the median rent is $1,051 per month, which comes out to $105 (9%) higher than Madison.
Harvest
Harvest is approximately 10 miles north from Madison. The housing prices there are significantly less expensive. The median home value in Harvest is $183,500, which comes out to $69,500 (37%) lower than Madison. Its rents are somewhat more expensive. Harvest's median monthly rent is $1,233, which works out to $287 (23%) higher than Madison.
Athens
Athens is approximately 10 miles northwest of Madison. The real estate prices there are significantly less expensive. The median home value in Athens is $161,400, which comes out to $91,600 (56%) lower than Madison. The rent there is a lot less expensive. In Athens the median monthly rent is $664, which comes out to $282 (42%) lower than Madison.
Meridianville
Meridianville is approximately 15 miles northeast from Madison. The real estate prices there are a lot less expensive. Meridianville's median home price is $178,000, which works out to $75,000 (42%) lower than Madison. The rent there is a little more expensive. The median monthly rent in Meridianville is $1,122, which is $176 (15%) higher than Madison.
