Madison MS

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Madison, MS Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Madison Housing Market Information

With a population of 25,676, 9,151 total housing units (homes and apartments), and a median house value of $327,113, Madison real estate is some of the most expensive in Mississippi, although Madison home values aren't among America's most expensive.

Madison is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Madison than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Madison. Owner-occupied housing accounts for 91.55% of Madison's homes, and 84.61% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Madison built from 1970 to 1999 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 between 2000 and later ( 32.34%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.22%).

Madison Home Appreciation Rates

Real estate appreciation rates in Madison's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.33% during the period.

NeighborhoodScout's data show that during the latest twelve months, Madison's appreciation rate, at 4.01%, has been at or slightly above the national average. In the latest quarter, Madison's appreciation rate has been 0.97%, which annualizes to a rate of 3.93%.

Relative to Mississippi, our data show that Madison's latest annual appreciation rate is higher than 70% of the other cities and towns in Mississippi.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Madison differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Madison - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Madison real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,126,000 1.3
$844,001 - $1,126,000 1.5
$562,001 - $844,000 6.2
$450,001 - $562,000 10.0
$338,001 - $450,000 15.8
$225,001 - $338,000 29.3
$113,001 - $225,000 31.2
$57,001 - $113,000 2.6
$0 - $57,000 2.1

Very High for MS
Very High for Nation

Value Relative to Nation Value Relative to State
17.4948905109489 0.408163265306122

Number Of Homes And Apartments:

Madison Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
40.68% 1.74%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,734 / per month

Homeownership Rate

Owners 91.55
Renters 8.45
Vacant 5.06

Housing Market Details


Age of Homes

2000 or Newer 32.3
1970 - 1999 61.9
1940 - 1969 5.2
1939 or Older 0.5

Types of Homes

Single-Family 96.2
Townhomes 1.5
Small Apt. Buildings 0.3
Apt. Complexes 1.7
Mobile Homes 0.2
Other 0.0

Home Size

No Bedroom 0.62
1 Bedroom 0.93
2 Bedrooms 3.38
3 Bedrooms 42.38
4 Bedrooms 42.23
5 or more bedrooms 10.45