Madison appreciation rates and housing market information

Madison housing market information

With a population of 23,600, 8,452 total housing units (homes and apartments), and a median house value of $244,969, Madison real estate is some of the most expensive in Mississippi, although Madison home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Madison, accounting for 97.16% of the town's housing units. Other types of housing that are prevalent in Madison include row houses and other attached homes (1.33%), and a few mobile homes or trailers (1.04%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Madison. Owner-occupied housing accounts for 90.98% of Madison's homes, and 86.77% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Madison built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Madison built from 1995 and later (21.62%). A lesser amount of the housing stock also hails from 1940-1969 (5.00%), and some were built from 1939 and earlier (5.00%).

Madison home appreciation rates

Real estate appreciation rates in Madison have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.37% during the period.

NeighborhoodScout's data show that during the latest twelve months, Madison home appreciation rates, at 1.79%, have been at or slightly above the national average. In the latest quarter, Madison's appreciation rate has been 0.42%, which annualizes to a rate of 1.68%.

Relative to Mississippi, our data show that Madison's latest annual appreciation rate is higher than 55% of the other cities and towns in Mississippi.