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Madison, MS
Full City Profile · Mississippi · Madison County County
4.0
/5.0
A
Great
27,775
Population
1,100/sq mi density
$120,918
Median Income
$59,346 per capita
$334,700
Home Value
$405,873 Zillow
$1,798
Median Rent
31.2% income on rent
66°F
Avg Temperature
304 sunny days/yr
39
Violent Crime/100K
1,040 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
5.0 / 5.0
$120,918 median income, 2.1% unemployment
A+
Affordability
5.0 / 5.0
$334,700 home value, $1,798/mo rent
F
Safety
1.0 / 5.0
39 violent crimes/100K
A+
Education
5.0 / 5.0
65.7% bachelor's degree or higher
Housing Overview
Median Home Value
$334,700
19% above
US avg: $281,900
Median Rent
$1,798/mo
55% above
US avg: $1,163/mo
Homeownership Rate
93.4%
43% above US avg (65.4%)
Total Housing Units
9,815
Median year built: 1996
Home Value by Source
Census Median
$334,700
Zillow (ZHVI)
$405,873
Median Sale Price
$299,000
Median List Price
$470,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
93.4%
Owner-Occupied
6.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,091/mo
1 Bedroom
$1,097/mo
2 Bedroom
$1,288/mo
3 Bedroom
$1,544/mo
4 Bedroom
$1,705/mo
Census median rent:
$1,798/mo
· Zillow rent:
$2,347/mo
Market Indicators (Redfin)
Median Days on Market
32 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
11
Price Drops
22.8%
of listings with price reduction
Price Per Sq Ft
$160
Active Inventory
101
homes for sale
Affordability & Housing Stock
Rent Burden
31.2%
of renters spending 30%+ of income on housing
1% above US avg (31.0%)
Median Year Built
1996
Average age of housing stock: 30 years
Homeownership Rate
93.4%
Complete Housing Data
Home Values
| Census Median Value | $334,700 |
| Zillow Home Value (ZHVI) | $405,873 |
| Median Sale Price | $299,000 |
| Median List Price | $470,000 |
| Price Per Sq Ft | $160 |
Rent
| Census Median Rent | $1,798 |
| Zillow Rent (ZORI) | $2,347 |
| FMR Studio | $1,091 |
| FMR 1-Bedroom | $1,097 |
| FMR 2-Bedroom | $1,288 |
| FMR 3-Bedroom | $1,544 |
| FMR 4-Bedroom | $1,705 |
Market
| Days on Market | 32 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 22.8% |
| Homes Sold | 11 |
| Active Inventory | 101 |
| Price Per Sq Ft | $160 |
Ownership & Stock
| Owner-Occupied | 93.4% |
| Renter-Occupied | 6.6% |
| Homeownership Rate | 93.4% |
| Total Housing Units | 9,815 |
| Median Year Built | 1996 |
| Rent Burden | 31.2% |