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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