Housing in Madison County

The inside story on rent prices
Source: US Census Bureau - ACS 5 Yr 2024

Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.

Rent in Madison County averages $1,209/month for a 2‑bedroom in 2024, compared to the Alabama median of $1,007 and the national median of $1,413. Local renters spend approximately 28% of household income on rent, below the national average of 32%.

HUD 2026 50th Percentile Rent Estimates for Madison County FMR Area are $1,128 for a studio, $1,243 for 1‑bedroom, $1,434 for 2‑bedroom, $1,850 for 3‑bedroom, and $2,308 for 4‑bedroom.

HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $225 increase for a 2-bedroom in Madison County shows a 19% rise over that period.

The U.S. Bureau of Labor Statistics annual unemployment rate for Madison County was 2.6% in 2024, compared to Alabama at 3.1% and the national rate of 4.0%.

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Towns near New Market

City
County
State
Miles
Madison
AL
0.0
Madison
AL
5.6
Madison
AL
9.3
Madison
AL
9.3
Madison
AL
9.9
Madison
AL
10.0
Madison
AL
12.5
Madison
AL
13.7
Morgan
AL
14.5
Madison
AL
14.8
Madison
AL
15.5
Madison
AL
15.7
Morgan
AL
15.9
Limestone
AL
18.8
Limestone
AL
19.5
Morgan
AL
20.6
Limestone
AL
22.7
Limestone
AL
23.2
Limestone
AL
23.4
Morgan
AL
25.8
Morgan
AL
27.3
Morgan
AL
28.0
Morgan
AL
31.2
Morgan
AL
32.8
Limestone
AL
34.3
Morgan
AL
40.4

Renter Qualifications

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