Madison, along with the surrounding Huntsville metro area, is quickly gaining a reputation as a growing research, technology and high-tech manufacturing hub. Among the more than 1,000 businesses located in the city are Intergraph Corporation, which develops software, and manufacturing businesses STI and Tyonek. Many Madison residents who work in the technology sector are highly educated. The average annual household income within the city is more than $107,000, far surpassing the statewide average. Madison's public schools generally have high ratings. And there are many private and religious school options as well. For higher education, a campus of the University of Alabama is located in Huntsville and several other colleges and universities are located within 50 miles of Madison.

Related: Madison real estate data & listings

A city of more than 47,000 people, Madison, Alabama, has a large inventory of newer construction single-family homes - some with relatively spacious lots - condos and townhouses, providing a variety of options for homebuyers at any stage in their lives. A testament to its growing popularity, the average price of a home in Madison is higher than that of Alabama as a whole, as well as in bordering Huntsville. Madison's cost of living, though, falls below the average for the United States.

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