Are you looking for a place to call home and wondering what Madison, Alabama has to offer to you? You would not be alone. This community is growing and that is due to a number of key demographics about it. In short, there are dozens of reasons to buy into this region. But, before you do, take a look at a few key figures that can shed some light on why so many people are interested in moving to this area, within the Huntsville area.
What You Can Expect from Madison’s Demographics
There are some key factors to consider when considering any place to live, including the demographics of the area. Here is what you need to know about Madison specifically.
The city has a larger population of nearly 43,000 people. The median age of those who live here is 37.4 years. The average household size is 2.69, a bit larger than some areas of the region. Over 60 percent of those that live here are married couples.
But, that is not enough to know. You also want to know what life will be like here. First, the city has a very strong economy. It’s unemployment rate is below that of the U.S. as a whole at 4.2 percent. The median home price for a single family home in Madison is about $163,500 as of the first quarter of 2016. What’s more, many people who live in Madison work here, too. That means that the average commute time is low (and, on average it is 19 minutes.) Don’t forget to check out our recent guide to Madison, Alabama real estate.
Key among Madison’s benefits are the strong economy and low unemployment numbers. The area does have some new construction, though sales of existing homes tend to be much higher. Nevertheless, this community is very welcoming, family oriented, and growing. If you have yet to take a closer look at what it can offer, do so now. Work with an area real estate agent to learn more.