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Foreclosure Homes in Madison, AL

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View this home at Covedale Cir Madison AL 35757
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$276,822 EMV
Covedale Cir
Madison, AL 35757
Single-Family
2
|
2,307
EST. RENT: $1,420
|
AUCTION: 05-23-2024
Single-Family
2
|
2,307
View this home at Bradford Farms Dr Madison AL 35758
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$245,059 EMV
Bradford Farms Dr
Madison, AL 35758
Single-Family
EST. RENT: $1,640
|
AUCTION: 05-21-2024
Single-Family
6 View this home at Portal Ln Madison AL 35758
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$210,798 EMV
Portal Ln
Madison, AL 35758
Single-Family
|
3 |
2
|
1,348
EST. RENT: $1,090
|
AUCTION: 04-30-2024
Single-Family
|
3 |
2
|
1,348
5 View this home at Sullivan St Madison AL 35758
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$527,209 EMV
Sullivan St
Madison, AL 35758
Single-Family
|
5 |
5
|
4,044
EST. RENT: $2,230
|
AUCTION: 05-02-2024
Single-Family
|
5 |
5
|
4,044
View this home at Wedgewood Terrace Rd Madison AL 35757
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$563,668 EMV
Wedgewood Terrace Rd
Madison, AL 35757
Single-Family
3.5
|
4,078
EST. RENT: $2,520
|
AUCTION: 04-23-2024
Single-Family
3.5
|
4,078
View this home at Grayson Ave Madison AL 35758
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$241,636 EMV
Grayson Ave
Madison, AL 35758
Single-Family
2
|
2,385
EST. RENT: $1,121
|
AUCTION: 04-30-2024
Single-Family
2
|
2,385
View this home at Holeada Ln Madison AL 35757
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Holeada Ln
Madison, AL 35757
Single-Family
3,684
AUCTION: 04-25-2024
Single-Family
3,684
View this home at Pebblebrook Cir Madison AL 35758
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$359,681 EMV
Pebblebrook Cir
Madison, AL 35758
Single-Family
2.5
|
2,140
EST. RENT: $1,710
|
AUCTION: 04-25-2024
Single-Family
2.5
|
2,140
Displaying 1 - 10 of 305

Madison, AL Foreclosures

How much do homes sell for in Madison, AL?
The average home price is currently $372,192.
In Madison, AL, how many homes are available?
There are currently 26,745 active home listings available in Madison.
What’s the average rental cost in Madison, AL?
The average rental price in Madison is $1,454.
What is the most expensive home in Madison, Alabama?
The most expensive home sold in Madison had a price of $11,893,900.
What is currently the cheapest priced home in Madison, AL?
The cheapest home for sale in Madison is priced at $15,033.

Home Value Estimator For Madison, AL

There are currently 26,745 real estate properties in Madison, AL, with a median automated valuation model (AVM) price of $332,781.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Madison, AL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Madison, AL, is $372,192.00, with the most expensive house in Madison, AL, topping out at $11,893,900.00 and the cheapest home in Madison, AL, clocking in at $15,033.00. In other words, there’s something for every potential homebuyer or savvy investor in Madison, AL!


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.


Top Reasons To Live In Madison, AL In 2024

Madison is located in Madison, Alabama, with an estimated municipal population of 51,593 residents. All of the best foreclosed homes for sale in Madison are located in the following zip code areas on Foreclosure.com: 35758 35756. The estimated population per square kilometer (.62 miles) in Madison is 657.


Cost Of Living In Madison, AL

So, about how much do homes cost in Madison? The most recent median value of resident-owned homes in Madison is 252,301. An estimated 70.9 percent of households in Madison own their homes, with an average family size of 3.14. The median household income in Madison is 99,188, with49.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Madison, the median commute time of resident workers (in minutes) is 19.8. And last, but certainly not least, are you looking for homes to rent in Madison? If so, the average rent price paid by renters in Madison is 946, according to recent statistics.


Diversity And Demographics In Madison, Alabama

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Madison, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Madison is 39.1, split between 49.4 percent male versus 50.6 female. The percentage of residents who report being married in Madison is 59.4, with an average family size of 3.14.

The percentage of residents who report their race in Madison is as follows:

White 74.9%
Black / African American 14.7%
Asian 5.8%
American Indian / Alaskan Native 0.5%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.3%
Other 0.8%

Looking for family-friendly neighborhoods in and/or near Madison? Or maybe you are searching for 55+ active adult communities in and/or near Madison?

The percentage of residents who report their age in Madison is as follows:

Under 10 11.7%
Aged 10-19 15.7%
20s 11.2%
30s 13%
40s 15.1%
50s 16.4%
60s 9%
70s 5.4%
80+ 2.7%

Best Schools In Madison, Alabama

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Madison with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Madison.


Pros And Cons Of Living In Madison, Alabama

How do you know that living in -- or moving to -- Madison is right where you need to be? Perhaps you grew up in Madison or already live nearby; therefore, the decision to buy a home in Madison is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Madison for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Madison:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Madison.


Reasons To Move To Madison, Alabama, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Madison can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Madison, meanwhile, can field multiple offers from more qualified buyers.

Madison, AL Foreclosures


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