Counties / Alabama / Madison County

Madison County, AL

FIPS 01089 · population 405,718 · part of Huntsville, AL

$316k
Zillow home value · 2026-06
Direct county rent answer

What does rent cost in Madison County, AL?

The latest county-level Zillow ZORI is $1,371 per month in 2026-06. It is a typical asking-rent index across rental types—not an arithmetic average, signed lease or quote for one property.

County Zillow ZORI$1,3712026-06 · up 1.2% year over year
County ACS gross rent$1,209ACS 2024 5-year · occupied-renter survey
HUD two-bedroom FMR$1,310FY2026 · administrative standard
HUD Fair Market Rent by bedroom count in Madison County
BedroomsHUD monthly FMRGeographyMeasurement boundary
Studio$1,030Madison County, ALHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
1 bedroom$1,136Madison County, ALHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
2 bedrooms$1,310Madison County, ALHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
3 bedrooms$1,690Madison County, ALHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
4 bedrooms$2,109Madison County, ALHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.

Zillow asking rent, ACS gross rent and HUD FMR describe different housing universes. They remain separate and no metro, city or neighboring-county value replaces missing county evidence.Zillow pulled 2026-07-26 · HUD pulled 2026-07-26

The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$316k
▲ 0.7% year over year
Zillow ZHVI · direct
Median asking rent
$1,371
▲ 1.2% year over year
Zillow ZORI · direct
Gross yield
5.2%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$1,310
market rent is 1.05x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+53.0%not annualized · through 2025
0%ZILLOW ZHVI2026-06+0.7%FHFA HPI2025+1.2%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-08-02.
Owner-reported value$299k
Surveyed gross rent$1,209
Rent burden 30%+44.2%
Median year built1992
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
7.6%vacant
178,607estimated housing units
Occupied tenure31.7% renter
owner 68.3%renter 31.7%
Structure mix74.3% single-family
Single-family 74.3%20+ units 6.2%Mobile home 3.6%Other 15.9%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs235,145▲ 2.3% from the prior annual release
Covered establishments14,672annual average reporting locations
Average weekly wage$1,528▲ 3.1% from the prior annual release
Largest private supersectorProfessional and business services31.6% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+2.3%WEEKLY WAGE+3.1%Professional and business services31.6%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2021-2025; latest 2025 vs 2024 · pulled 2026-08-02. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

Resident income

How local income has compounded

BEA per-capita personal income divides all personal income by the county population. It is broader than wages, but it is not household income or a measure of what renters can afford.

Per-capita personal income19692024
Per-capita personal income history for Madison CountyA line chart of annual BEA per-capita personal income from 1969 through 2024.$0k$35k$70k196919972024$4k$69k
Nominal annual dollars; not adjusted for inflation. A rising line can reflect wage, business-income, transfer-income and investment-income changes together.
Renter affordability

Who carries the heaviest rent burden

HUD CHAS separates renter households by income relative to local HAMFI. Moderate burden means housing costs above 30% through 50% of income; severe burden means more than 50%.

Share of renter households in each income band2018-2022
Renter cost burden by HAMFI income band in Madison CountyFive horizontal bars show moderate and severe housing cost burden shares among renter households in each HUD income band.0%25%50%75%100%At or below 30% HAMFI12,69576.6% burdened30–50% HAMFI9,14569.1% burdened50–80% HAMFI11,14027.4% burdened80–100% HAMFI4,2057.5% burdenedAbove 100% HAMFI13,8351.6% burdened
Moderate: >30% to 50%Severe: >50%
Each percentage uses HUD’s published subtotal for that income band. For disclosure, HUD keeps 0 as 0, publishes 1–7 households as 4 and rounds 8 or more to the nearest 5. Independently rounded categories can differ from their displayed sum and are not forced into a percentage.
Direct local rental evidence

Recent leases and rental-market liquidity in Madison County, AL

These Apartment List observations match the exact county Census code 01089. They are kept separate from Zillow asking rent, Census occupied-home rent and wider metro measures.

Direct recent-lease rent history

Monthly overall-rent index; missing observations are not filled from another geography.

$1,164$1,090$1,0162021-082026-07
Recent-lease rent$1,0222026-07 · -0.7% year over year
Rental vacancy7.9%2026-07 · -0.9 percentage points year over year
Time on marketn/an/a
County brief

What the local evidence says

01Decision frame

Madison County presents a yield-versus-liquidity tension: Zillow’s 2026-06 county median home value was $316,248, median asking rent was $1,371 monthly, and supplied gross yield was 5.20% before costs. Buyers able to validate submarket rents and flood costs should investigate; those dependent on fast resale or a narrow operating cushion should be cautious. County figures do not establish every neighborhood’s pricing or rent.

02Housing economics

That rent is measured market asking rent. HUD’s two-bedroom Fair Market Rent is a payment standard, not an asking-rent estimate, and cannot replace Zillow rent in the yield calculation. The 0.40% effective property-tax rate is a carrying-cost input, but parcel assessments, insurance, maintenance, vacancy, financing, and utilities are not published. Gross yield therefore is not net cash flow.

03Demand & competition

Visible-market and demand signals are mixed. In Realtor.com’s 2026-06 MLS listing market, median listing price declined 2.14%, active listings rose, and 19.75% of listings had price reductions—asking-price and seller-concession evidence, not sale prices or proof of buyer demand. Tax-return migration was net positive by 2,493 households, but incoming movers averaged $3,802 less AGI than outgoing movers. Investors represented 8.99% of 6,739 purchases, showing participation rather than dominance. QCEW’s 2025 annual workplace series showed covered employment up; Professional and business services was the largest disclosed private supersector, not the whole economy.

04Risk & next checks

FHFA’s annual 2025 repeat-transaction HPI increased 1.22% over the year and 52.99% across the reported five-year interval. It is an appreciation index, not a dollar home value, and cannot be averaged with Zillow’s level because the methods and source labels differ. Modeled expected annual building-value loss of 0.17% aligns with inland flood as the dominant hazard, but does not replace parcel flood-zone, elevation, insurance, and deductible review. Missing closed-sale comparables, property operating data, lease roll, and flood-insurance quotes prevent a supportable net-yield, exit-price, or hazard-cost conclusion.

County ZIP rental landscape

How asking rent and renter pressure vary inside Madison County, AL

This view uses 12 direct Zillow ZIP markets matched to Census ZCTAs. Each ZIP is assigned by its largest HUD residential county share; this is not an exhaustive county inventory.

Selected ZIP range$1,114$1,818Zillow asking-rent index
Monthly spread$704highest minus lowest selected ZIP
Observed burden range28.8%58.9%ACS renter households paying 30%+
Renter households covered47,556across the selected ZCTAs
01 · ASKING RENT LADDERDirect ZIP ZORI
Horizontal bars compare Zillow asking-rent indexes across the selected direct-evidence ZIP set.35749$1,81835803$1,67335801$1,44835757$1,42535810$1,41035811$1,39435824$1,37835758$1,31835806$1,29235802$1,27535805$1,19035816$1,114
02 · PRESSURE MATRIXRent × observed burden
Each point is one selected ZIP and ZCTA match. Horizontal position is Zillow asking rent and vertical position is the ACS renter cost-burden share.61.4%52.7%43.9%35.1%26.3%358063575835805358163580235810358013581135803358243575735749Zillow asking-rent index →ACS burden share →
03 · BENCHMARK GAPZORI vs HUD 2BR
Bars show the percentage difference between the Zillow blended asking-rent index and the local HUD two-bedroom standard. Their housing universes differ.35749+138.8%35803+127.7%35801+110.5%35757+108.8%35810+107.6%35811+106.4%35824+105.2%35758+100.6%35806+98.6%35802+97.3%35805+90.8%35816+85.0%
WHAT THE LOCAL DISTRIBUTION SAYS

Across the selected direct-evidence ZIP set, Zillow’s June 2026 ZORI—a typical observed asking-rent index—runs from $1,114 in ZIP 35816 to $1,818 in ZIP 35749. That is a $704 spread, broad enough that a countywide screen should start with the decision question: which part of the observed range fits the household’s budget, needed bedroom count, and move timing? The range is an index comparison, not a set of available units or quoted leases. It is useful for bracketing a search, while each candidate listing still needs its own price and terms checked.

Zillow, ACS, and HUD illuminate distinct evidence universes and should not be merged into one rent estimate. HUD’s two-bedroom FMR is $1,310 for every displayed entry; the reported ZORI readings sit at 85.0% to 138.8% of that administrative standard. FMR is a bedroom-specific program standard rather than an asking rent, while ZORI is not an ACS survey result. Separately, ACS five-year ZCTA median gross rents range from $909 to $1,542 and are retrospective estimates rather than current listings. ZORI-based income screens at thirty percent run from $44,560 to $72,720 annually, useful for preliminary budgeting but not a statement of any household’s affordability.

ACS ZCTA burden and vacancy measures sharpen the choice-versus-pressure trade-off but do not identify a unit’s availability. The share of renters paying at least thirty percent of income toward rent ranges from 28.8% to 58.9%, while vacancy ranges from 2.9% to 14.8%. At the high-vacancy end, ZIP 35816 pairs that maximum with a 48.3% burden share; ZIP 35749 pairs the minimum with a 35.6% burden share. These contrasts support checking both budget pressure and the breadth of apparent stock, but higher survey vacancy neither guarantees an open unit nor demonstrates concessions, and burden shares do not price the next lease.

Coverage and geography limit how far the comparison can travel. The display shows 12 of 13 eligible direct-ZORI ZIP/ZCTA matches, covering 47,556 renter households, so it is not an exhaustive county or local-area inventory. Census ZCTAs are statistical areas rather than USPS delivery ZIPs. Display assignment follows the largest HUD residential-address county share: ZIP 35749 has a 75.5% Madison County share, meaning some associated addresses are outside the county. Before choosing a property, verify the exact bedroom count, advertised rent, lease term, availability date, utilities and recurring fees, deposit and screening rules, and the specific unit’s condition. Compare those listing facts to the appropriate HUD bedroom standard and the household’s own income rather than treating an index or survey estimate as a quote.

Selected ZIP evidence

Keep each source universe visible

13 ZIP profiles passed the county gate; the 12 with the most renter households are shown.

ZIP / ZCTAZillow asking rentACS gross rentHUD 2BRBurden 30%+VacancyIncome screenHUD county share
35806$1,292$1,387$1,31037.9%6.7%$52k100.0%
35758$1,318$1,444$1,31034.3%4.5%$53k100.0%
35805$1,190$909$1,31058.9%13.1%$48k100.0%
35816$1,114$915$1,31048.3%14.8%$45k100.0%
35802$1,275$1,154$1,31043.0%7.9%$51k100.0%
35810$1,410$1,129$1,31049.3%11.2%$56k100.0%
35801$1,448$1,251$1,31031.5%8.3%$58k100.0%
35811$1,394$1,127$1,31044.5%9.7%$56k100.0%
35803$1,673$1,309$1,31045.3%5.7%$67k100.0%
35824$1,378$1,271$1,31028.8%9.0%$55k100.0%
35757$1,425$1,493$1,31031.1%4.9%$57k98.4%
35749$1,818$1,542$1,31035.6%2.9%$73k75.5%
READ BEFORE USING

ZCTA estimates come from Census statistical areas that do not exactly match USPS delivery ZIPs, and the ACS figures are multi-year survey estimates rather than contemporaneous, property-level rental observations.

ZIP assignment uses the largest HUD residential-address county share, not a guarantee that every address lies in Madison County. The displayed direct-evidence set is selected and does not provide a complete inventory of county rental options.

SOURCE LEDGERCensus ACS 5-year — county housing value, tenure and stockACS 2024 5-year · pulled 2026-07-30Census ACS five-year — ZCTA housing and incomeACS 2024 5-year ZCTA · pulled 2026-08-08HUD Fair Market Rents — Section 8 standardFY2026 FMR · pulled 2026-07-26HUD-USPS ZIP-to-county residential-address crosswalkHUD-USPS 2026Q1 · pulled 2026-08-09Zillow ZHVI and ZORI — county values and rentscounty ZHVI/ZORI 2026-06 · pulled 2026-07-26Zillow ZORI — ZIP market rentsZORI ZIP 2026-06 · pulled 2026-08-08
Cities & communities

Where people live within Madison County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Huntsville city*222.8KMadison city*60.1KMeridianville CDP11.2KMoores Mill CDP6.4KHarvest CDP6KTriana city4KHazel Green CDP3.9KNew Hope city2.9K
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

12 Census places

Population
  1. 01
    Huntsville cityIncorporated place · spans 3 counties
    222,791
  2. 02
    Madison cityIncorporated place · spans 2 counties
    60,106
  3. 03
    Meridianville CDPCensus-designated place
    11,150
  4. 04
    Moores Mill CDPCensus-designated place
    6,378
  5. 05
    Harvest CDPCensus-designated place
    5,955
  6. 06
    Triana cityIncorporated place
    3,964
  7. 07
    Hazel Green CDPCensus-designated place
    3,940
  8. 08
    New Hope cityIncorporated place
    2,911
  9. 09
    Owens Cross Roads cityIncorporated place
    2,826
  10. 10
    New Market CDPCensus-designated place
    1,314
  11. 11
    Redstone Arsenal CDPCensus-designated place
    858
  12. 12
    Gurley townIncorporated place
    607

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.172% of building value expected lost per year

Effective property tax0.40%

$1,185 median annual bill

02
DemandIRS SOI household flows
Net migration+2,493

11,942 in · 9,449 out

Arriving vs leaving income−$3,802

$69,582 arriving · $73,384 leaving

03
CompetitionHMDA financed purchases
Purchases by investors9.0%

606 of 6,739 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings2,138▲ 9.9% year over year
Median days on market61▼ 3.9% year over year
Listings price-reduced19.8%seller-concession signal
Median listing pricen/a▼ 2.1% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Same metro

The other counties in Huntsville, AL

A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.

CountyPopulationPriceRentYieldHazard
Madison County405,718$316k$1,3715.2%inland flooding
Limestone County111,233$324k$1,5405.7%inland flooding
Bear case

What can break the county thesis

  1. Parcel flood exposure and insurance costs may differ materially from the county-level climate model.
  2. MLS seller concessions may not translate into an executable exit value for the target property.
  3. Countywide asking rent may not be achievable for the target unit after vacancy and operating costs.
Underwriting questions

Before pricing a property

Can HUD Fair Market Rent be used as the market-rent input?

No. The record identifies HUD two-bedroom FMR as a payment standard; Zillow provides the county median asking-rent measure.

What does the QCEW employment evidence measure?

It measures annual average covered jobs at workplaces in the county, not resident employment, unemployment, or a metro labor-market series.

What missing evidence prevents a net-yield conclusion?

Property operating costs, vacancy, financing, lease terms, parcel taxes, and flood-insurance quotes are not published in the record.