Madison, Mississippi.
Typical home $418,521 (+0.8% in a year), asking rent $2,292 (+4.8%). Jackson, MS metro.
to buy the typical home at today's mortgage rate — +$1,095 (+99%) since Jan 2020.
- 1 year
- Up $3,193 +1%
- $415,329$418,521 since Sep 2025
- 5 years
- Up $73,596 +21%
- $344,926$418,521 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Madison$2,197
- Mississippi$1,021
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 18 years.
Typical home values in Madison, MS rose 0.8% over the past year — slower than the nation's +1.2%.
Asking rents in Madison, MS rose 4.8% over the past year — faster than the nation's +2.7%.
Owning the typical home in Madison runs $589/mo more than renting one. The gap peaked at $795 in Oct 2023.
That is $2,881 a month against $2,292 rent: a $2,197 mortgage payment, plus $236 property tax and $448 insurance & upkeep.
Owning vs renting — Madison
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,881
- Renting$2,292
- Mortgage only$2,197
Property tax · $236/mo 0.68% of value a year — the ACS 2020-2024 median bill over the median home value for Madison County, MS
Insurance & upkeep · $448/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Madison, Madison County, Mississippi
Madison is a city of 27,747 people in Madison County. Half its households earn more than $119,338 a year and half less, against $83,441 across Madison County; 5% of its people live below the poverty line. 94% of its homes are lived in by their owners and 6% are rented. Unemployment in Madison was 2.3% in August 2026, and Madison County had 0.9% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Madison is a city in Madison County, and most of the people who live there own their homes, far more than is typical across the country. Household incomes run well above the county's, and the poverty rate is low. Residents tend to be middle-aged, and a large majority of adults hold a four-year degree. Winters are mild, while summers turn hot, and rain is plentiful through the year.
Work. Many residents work in schools, hospitals and social care, in shops, in professional and business services, or in banks, insurance and property. Among the largest workplaces in Madison are Walmart, Kroger Delta KMA and Sam's Club. Unemployment is low and has eased a little over the past year, though Madison County as a whole has seen slightly fewer jobs than it did a year earlier. The typical commute is a moderate one, and a fair number of residents work from home.
Things to do. Ross Barnett Reservoir, a large reservoir, and LeFleur's Bluff State Park, a protected area, are both a short drive away, as is Simmons Arboretum, a botanical garden. A longer drive brings you to the Jackson Zoo and to the Mississippi Civil Rights Museum. Within a short drive there are also archaeological sites, Boyd Mounds and Pocahontas Mounds.
Report a mistake
- 9,759households
- 64%of adults have a degree
- 5%below the poverty line
- 24 mintypical commute
- 14%work from home
What residents work in
Employed residents by industry, from the Census survey. Madison County had 59,649 jobs in 2025, 0.9% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 57° and lows near 38°; warmest in August, with highs near 92° and lows near 73°. About 51 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Jackson Hawkins Field weather station, 11 miles away (NOAA).
Largest workplaces in Madison
- WalmartWarehouse clubs and supercenters363
- Kroger Delta KMASupermarkets and other grocery except convenience stores202
- KeyBridge construction190
- Sam's ClubWarehouse clubs and supercenters182
- Lowe's Companies, INCHomecenter168
- BriarhillSkilled nursing facilities87
- Fluid Connectors MadisonIndustrial valve manufacturing76
- MADISOnMail and parcel delivery69
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 12 workplaces with 20 or more staff, 1,470 people in all. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- TornadoesVery high
- Cold wavesRelatively high
- Ice stormsRelatively moderate
- HailRelatively moderate
- Lightningrelatively high in parts of MadisonRelatively moderate
- Strong windRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Madison’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Madison County and the Jackson, MS metro.
Madison home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Madison$418,521
- Mississippi$194,531
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Madison listings, and the typical home goes pending in 24 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Madison26.95%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Madison24
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Madison328
New listings per month
Sellers arriving at the market.
- Madison86
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Madison$390,338
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Madison97.52%
Zip codes with a Madison address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Madison — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.