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Madison County Best Place To Weather The Downturn

By: Huntsville Real Estate Expert Mike Manosky On November 24, 2008

Forbes.com has ranked Madison County, AL 1 in the latest survey of the Top 10 Affordable Places To Weather The Downturn.  Forbes considered factors such as well-priced homes, enviable job growth and proximity to vibrant cities when deciding where the best places are to live in these recessionary times.

madison countyMadison County, AL is an easy commuting distance to Huntsville with a population of 312,734.

Last year unemployment reached a 20-year high of 6.5%, but Madison County experienced 3.4% job growth.  

Moody’s Economy.com provided an affordability index for each county. A score of 100 indicates that a family earning the median income in the surrounding metropolitan area can afford to buy a median-priced home. The higher the score, the higher the affordability. Madison County’s score was 221.02.

The median property tax is $577 and the per capita income (in 2006 inflation-adjusted dollars is $27,065.

Learn more about Madison County real estate at MoveToHuntsville.com or give us a call, 256-508-0211.

 

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