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ZipNumbers

Alabama · Census place 45904

Madrid town, AL

Quick answer

Madrid town has 253 residents, ranking #487 of 593 places in Alabama. Median household income is $38,750, the median home is worth $129,500 and median gross rent runs $825 a month.

Population
253Madrid town residents
Median household income
$38,750Past 12 months, inflation adjusted
Median home value
$129,500Owner-occupied units
Median gross rent
$825Rent plus utilities, monthly
Median age
46.4 yrsAll residents
Homeownership rate
89%Owner-occupied households

What the numbers mean in Madrid town

Housing cost measured against local earnings.

A household earning the Madrid town median would spend about 25.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 12.6% of residents and 89% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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