The story of this market
The typical home in ZIP 35761 sells for about $365,000, or $124 per square foot.
Prices are roughly flat from a year ago (+0.5%), a market in balance. Homes take about 50 days to sell. HUD's fair market rent for a two-bedroom is $1,046 a month.
ZIP 35761 — New Market
The 35761 housing market remains stable, benefiting from the broader Huntsville metro area's economic growth and demand for suburban living. While sales activity has moderated, prices continue to show modest appreciation, supported by a balanced inventory level. Buyers are finding more negotiating room compared to previous years, though well-priced homes still move efficiently.
This ZIP is ideal for families and buyers seeking larger lot sizes and a quieter, semi-rural lifestyle while remaining within a reasonable commuting distance to Huntsville's major employment hubs.
Median prices moved up 0.5% year over year.
Homes spend a median of 50 days on market with 4.3 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.4% · poverty 11.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 35761, Madison County AL
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Schools serving the New Market area are part of the Madison County School District, which generally maintains stable performance ratings within the regional context.
The area is subject to standard North Alabama weather risks, including severe thunderstorms and occasional tornado activity; flood risk varies by proximity to local creeks.
Growth is driven by the broader Huntsville metro economy, particularly the aerospace and defense sectors, with residential development expanding into the rural-fringe areas of New Market.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Alabama) — Standard State Ad Valorem Homestead Exemption: Exempts up to $4,000 in assessed valuation from the 6.5 mill state ad valorem tax levy (providing a maximum direct state tax reduction of $26.00). Formula: Adjusted State Tax = Max(0, (Assessed Value - $4,000)) × 0.0065. State (Alabama) — Statewide Ad Valorem Property Tax and Class III Residential Assessment Ratio: Establishes a baseline 6.5 statewide millage rate ($0.0065 per dollar of assessed value) under Ala. Code § 40-8-1 and the Alabama Constitution. County (Madison County, Alabama) — Madison County Board of Equalization Property Value Protest Procedures: Establishes a mandatory administrative remedy for contesting county tax appraised valuations. County (Madison County, Alabama) — Composite Property Tax Levies (State, County, School, and Municipal Millages): Every parcel is subject to composite millage consisting of: State of Alabama base rate (6.5 mills), Madison County general and special fund millages, Madison County or City school district millages, and applicable municipal millages (e.g., Huntsville or Madison). County (Madison County, Alabama) — Alabama Residential Assessment Ratio and Property Appraisal Regime: Madison County assesses residential real property (Class III) at 10% of fair market value.
Commutes to the Huntsville employment core typically involve a 20-30 minute drive via US-231/431, as public transit options are limited in this rural-suburban transition zone.
The area offers access to rural outdoor recreation, including proximity to the Flint River for water activities and various local parks, with major shopping and dining located in nearby Huntsville.
The rental market is characterized by moderate demand from commuters and families, with limited multi-family inventory compared to the Huntsville urban core.
The economy is heavily influenced by the Huntsville metro area, anchored by the Redstone Arsenal, NASA's Marshall Space Flight Center, and a growing technology and manufacturing sector.
Transportation is primarily automobile-dependent, relying on major corridors like US-231 and US-431 to connect to the Huntsville metro area.
Development is focused on low-density residential expansion, with ongoing infrastructure improvements to support the growing population in the northern Madison County corridor.
The Madison County Tax Assessor manages property valuations, utilizing a mass appraisal system to determine fair market value for tax purposes.
Parcels are subject to Madison County school taxes and various local utility district assessments.
Property insurance premiums are influenced by regional exposure to severe weather events, including wind and hail, which are common in North Alabama.
Data retrieved from data.census.gov ZCTA 35761 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides opportunities for kayaking, fishing, and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.