Madison County, Mississippi Housing Market Prices
Madison County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 63% above the Mississippi median More expensive than 76% of counties in Mississippi$212,500
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Median rent 24% above the Mississippi median Among the 3 most expensive counties in Mississippi$1,185
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Madison County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $212,500 | $130,069 | $248,835 |
| Price Trend (Annual %) | 14.8% | 5.6% | 7.5% |
| Median Gross Rent | $1,185 | $954 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Madison County is about 63% higher than in Mississippi. Rent is about 24% higher than the Mississippi average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Madison County, up about 14.8% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Madison County rose about 32.2% between 2015 and 2024, from $897 to $1,185. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Madison County.
Buying the median-priced home in Madison County costs roughly 14.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Madison County. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Madison County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $212,500 | $130,069 | $248,835 |
| Median Household Income | $83,146 | $56,669 | $80,455 |
| Price-to-Income Ratio | 2.6 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Madison County rose about 47.5%, while median household income rose about 41.1% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Madison County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.0% | 59.8% | 58.5% |
| Rental Rate | 26.6% | 25.6% | 31.2% |
| Vacancy Rate | 7.4% | 14.6% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Madison County has a homeownership rate of 66.0%, higher than the Mississippi average of 59.8%. Its housing vacancy rate is 7.4%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Madison County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1995 | 1986 | 1978 |
| Median Number of Rooms | 6.2 | 5.7 | 5.5 |
The typical housing unit in Madison County was built around 1995. On average, 2.5 people live in a home with about 6.2 rooms, staying for about 14.0 years on average.
Madison County, MS Housing Compared With Nearby Counties
How Madison County, MS compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Madison County, MS | 111,640 | $212,500 #1/3 | $1,185 #2/3 | 71.3% #3/3 |
| Rankin County, MS | 158,854 | $125,446 | $1,270 | 76.8% |
| Scott County, MS | 27,718 | $34,321 | $887 | 71.3% |
Frequently Asked Questions
Common questions about the housing market in Madison County, Mississippi.
What is the median home price in Madison County, Mississippi?
The median home price in Madison County, Mississippi is $212,500, higher than the Mississippi average of $130,069.
What is the average home price in Madison County, Mississippi?
The typical home price in Madison County, Mississippi, reported as the median sale price, is $212,500. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Madison County, Mississippi?
The median gross rent in Madison County, Mississippi is $1,185 per month, higher than the Mississippi average of $954.
What was the median gross rent in Madison County in 2020?
In 2020, the median gross rent in Madison County, Mississippi was $929 per month.
What is the price-to-rent ratio in Madison County, Mississippi?
The price-to-rent ratio in Madison County, Mississippi is about 14.9, meaning it would take roughly 14.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Madison County.
Are home prices or rent rising faster in Madison County, Mississippi?
Both home prices and rent are rising in Madison County, up about 14.8% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Madison County, Mississippi?
66.0% of households in Madison County, Mississippi own their home, higher than the Mississippi average of 59.8%.
What is the vacancy rate in Madison County, Mississippi?
The housing vacancy rate in Madison County, Mississippi is 7.4%, lower than the Mississippi average of 14.6%.
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