Condo Foreclosures in Madison, AL 35758

Current Market Conditions in Madison, AL

The current real estate market in Madison, AL is quite competitive, marked by a steady increase in home prices. The demand for homes has surged, particularly among families looking to relocate for better schooling and amenities. Homes are often on the market for less than a month, indicating a fast-paced market with limited inventory.

In the past year, the market has seen a consistent growth trend, with home values rising approximately 7% due to the influx of new residents and a booming local economy. Investors are eyeing Madison for its potential turnaround and family-friendly environment.

Rent Prices In Madison, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Madison, AL, is on a rollercoaster ride. The average rent price in Madison, AL, is $1,454.00. Indeed, when looking to rent in Madison, AL, you can expect to pay as little as $560.00 or as much as $2,820.00, with the average rent median estimated to be $1,390.00. The good news is that finding an affordable and desirable property to rent in Madison, AL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.