Madison County Real Estate and Livability Trends
Madison County, Alabama has seen a strong uptick in median home values from $202,500 to $242,900 between 2021 and 2022, outpacing state and national figures and reflecting growing market demand. Residential energy tax credits peaked at $1,659.57 in 2018, suggesting local homeowners are keen on energy-efficient upgrades. Real estate taxes have increased sharply post-2017, with nearly a $1,000 hike... Read more
Madison County Market Trends
Median home values in Madison County, Alabama, have seen a significant acceleration from $202,500 to $242,900 between 2021 and 2022, consistently outperforming state and national figures. Residential energy tax credits increased dramatically, peaking at $1,659.57 in 2018 before stabilizing, suggesting homeowners are increasingly investing in energy-efficient upgrades. Real estate taxes also rose... Read more
Median Value of Occupied Housing Units in Madison County, Alabama Over the Last 8 Years
Median home values in Madison County, Alabama have shown steady growth over the past eight years, culminating in a significant acceleration between 2021 and 2022, from $202,500 to $242,900. Compared to the state of Alabama and national figures, Madison County's home values are consistently higher, reflecting its robust real estate market and attractiveness for potential homeowners and investors. The jump in recent years could signal increased demand, economic development, or other factors driving property value in this region.
Residential Energy Tax Credit Per Tax Return in Madison County, AL Over the Last 9 Years
Over the last nine years, residential energy tax credits per tax return in Madison County, Alabama, have seen a significant upward trend with a few fluctuations. Starting at $322.41 in 2013, the average credit surged dramatically to $1,659.57 in 2018 before stabilizing around $679.55 to $764.89 in subsequent years. This substantial rise indicates growing investments in energy-efficient home upgrades, highlighting opportunities for investors and property developers interested in sustainable living solutions.
Average Real Estate Taxes Per Tax Return in Madison County, AL Over the Last 10 Years
Average real estate taxes per tax return in Madison County, Alabama have seen a marked increase over the past decade, starting from around $1,414.53 in 2012 to roughly $2,648.45 in 2021. The most significant jumps occurred post-2017, reflective in the nearly $1,000 hike by 2018. This could indicate rising property values or changes in tax policies, making it essential for potential investors and property builders to account for these higher tax rates. Existing residents or those planning to move here might want to consider the growing annual tax responsibilities.
Percentage of Farm Returns in Madison County, AL Over the Last 10 Years
Farm tax returns in Madison County, Alabama have steadily declined over the past decade, dropping from 1.06% in 2012 to just around 0.80% in 2021. This trend suggests a gradual decrease in farming income or fewer active farming operations within the county. For potential investors or individuals considering a move to this region, understanding this decline is crucial as it might indicate shifting economic activities and opportunities away from traditional agriculture. This could influence property values, local economy shifts, and lifestyle changes for those living or planning to live in the area.
Number of Mortgages by Occupancy Type in Madison County, AL Over the Last 5 Years in Madison County
Madison County, Alabama, has experienced notable fluctuations in mortgage activity by occupancy type over the past five years. Principal residences consistently dominate the mortgage market, with figures peaking in 2021 at approximately 35,695. Investment properties and second residences show growth but at a steeper, less dramatic rate. Changes in occupancy type can impact everything from property values to insurance premiums due to varying risks and use cases. A surge in investment property mortgages may suggest rising rental demand, whereas increasing principal residence mortgages could reflect demographic shifts or economic growth. This information is crucial for investors, real estate agents, appraisers, and insurance companies to make informed decisions about the local market.
Economic Outlook
Madison County, Alabama has witnessed a significant rise in average taxable income per tax return, climbing from $64,976.72 in 2013 to $91,171.77 in 2021, suggesting improved earning potential for residents. However, this income growth aligns with an increase in average state and local income taxes from $4,947.41 in 2012 to $10,652.71 in 2021, reflecting evolving tax policies and perhaps augmented incomes, thereby influencing cost of living and financial planning considerations. The average... Read more
Average Taxable Income per Tax Return in Madison County, AL over the last 9 years
Madison County, AL has seen a steady increase in average taxable income per tax return over the past nine years, rising from $64,976.72 in 2013 to $91,171.77 in 2021. This upward trend represents a significant economic growth, suggesting enhanced earning potential for residents. This increase in taxable income could be appealing to potential movers seeking economic opportunity and stability.
Average State and Local Income Taxes Per Tax Return in Madison County, AL Over the Last 10 Years
Over the past decade, Madison County, AL has seen a significant rise in average state and local income taxes per tax return, escalating from $4,947.41 in 2012 to $10,652.71 in 2021. This sharp increase, particularly notable from 2018 onward, reflects changes in tax policies and potentially rising incomes, impacting residents' cost of living and influencing financial planning for those considering relocation to the area.
Average Total Tax Liability Per Tax Return in Madison County, AL Over the Last 10 Years
Madison County, Alabama has seen a steady rise in average total tax liability per tax return over the past decade, with a notable increase from $11,677.44 in 2012 to $15,724.11 in 2021. This upward trend highlights a growing economic base and potentially higher incomes, making it an attractive area for investors, new residents, and property developers alike. Enhanced tax revenues could also indicate improved public services and infrastructure, adding to its appeal.
Cost of Living in Madison County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,396 | $1,528 | $2,115 | $1,358 | $1,561 |
| 1 adult 4 children | $1,396 | $1,248 | $1,578 | $1,358 | $1,609 |
| 2 adults 3 children | $1,396 | $1,248 | $1,855 | $1,358 | $1,322 |
| 1 adult 3 children | $1,396 | $1,019 | $1,318 | $1,358 | $1,333 |
| 2 adults 2 children | $1,061 | $1,022 | $1,595 | $1,183 | $1,063 |
| 1 adult 2 children | $1,061 | $763 | $1,058 | $1,183 | $1,002 |
| 2 adults 1 child | $1,061 | $808 | $1,335 | $613 | $961 |
| 1 adult 1 child | $1,061 | $522 | $797 | $613 | $786 |
| 2 adults | $899 | $649 | $1,075 | $0 | $800 |
| 1 adult | $760 | $354 | $537 | $0 | $612 |
Safety trends & Data
Property crime rates in Madison County, Alabama, have reportedly seen a notable decline over the past five years. Burglary cases dropped from 211 incidents in 2018 to just 15 in 2022, while larceny-theft fell from 1,300 cases to 32 in the same period. Similarly, motor vehicle thefts decreased from 96 to 2. This significant reduction in property crime could make Madison County seem more attractive for investors, property developers, and prospective... Read more
Property Crime Trends in Madison County, AL Over the Last 5 Years
Property crime rates in Madison County, Alabama have shown a significant decline over the past five years. Burglary, which had 211 incidents in 2018, dropped dramatically to just 15 in 2022. Larceny-theft numbers also decreased substantially, going from 1,300 cases in 2018 to just 32 in 2022. Motor vehicle thefts followed a similar trend, reducing from 96 in 2018 to a mere 2 by 2022. These trends suggest a marked improvement in property crime control, making the area potentially more attractive for investment, property development, and residential settlement.
Demographics
Madison County, Alabama shows a nearly balanced gender population with a slight edge in the number of females. The educational landscape is diverse, with a significant portion holding bachelor's degrees and some having graduate or professional degrees. The age distribution highlights a fairly even spread among age groups, but there's notable population density among those aged 25 to 64. Racial demographics indicate a majority White population, with Black or African American communities making... Read more
Race Distribution in Madison County, Alabama (2022)
Educational Attainment in Madison County, Alabama (2022)
Age Distribution in Madison County, Alabama
Citizen Population in Madison County, Alabama (2022)
Political Trends & Data
In Madison County, Alabama, the 2020 U.S. Presidential Election results hint at a mildly competitive political environment, with Republican candidates capturing about 52.8% of the vote and Democrats at 44.8%. The slight presence of third-party candidates may indicate nuanced voter preferences, potentially influencing future electoral... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Madison County, Alabama, the 2020 U.S. Presidential Election results show Republican candidates likely hold a slight edge with approximately 52.8% of the vote. Democrats appear to hold a substantial share, garnering around 44.8%. While third-party candidates seem to have minimal impact, their presence could still hint at pivotal preferences among a small segment of the electorate. This distribution highlights a somewhat competitive political landscape in Madison County, suggesting potential shifts in future elections.
52.77% of voters voted for the Republican party in the 2020 Presidential Election
44.82% of voters voted for the Democrat party in the 2020 Presidential Election
2.41% of voters voted for the Other party in the 2020 Presidential Election
School Data
Madison County, Alabama has experienced fluctuations in its student-to-teacher ratio, notably spiking to 20 students per teacher in 2020. Typically, this ratio hovers between 17 and 18, slightly above the national average of 14. This higher ratio hints at larger class sizes and potentially less individualized attention, which could impact decisions for families, real estate agents, and investors in the area. Understanding these educational dynamics is crucial for those assessing quality of life... Read more
Student-to-teacher ratio in Madison County, Alabama over the last 10 years
Madison County, Alabama has seen its student-to-teacher ratio fluctuate over the past decade, with a notable spike to 20 students per teacher in 2020, likely due to pandemic-related disruptions. Over the years, the ratio has generally hovered between 17 and 18, which is slightly higher than the national average of 14 students per teacher. This elevated ratio might suggest larger class sizes and potentially less individualized attention in Madison County schools, which could be a consideration for families moving to the area, real estate agents, and educational appraisors. The dynamic ratios underline the importance of understanding local educational resources for potential homebuyers and investors assessing the quality of life and future growth in the region.
