Madison, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Madison, MS Real Estate Data


Madison Housing Market Information

With a population of 25,799, 8,870 total housing units (homes and apartments), and a median house value of $277,437, 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 91.89% of Madison's homes, and 85.95% 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 ( 33.09%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.09%).

Madison Home Appreciation Rates

Appreciation rates for homes in Madison have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.37%, which ranks in the top 50% nationwide. This equates to an annual average Madison house appreciation rate of 0.52%.

Over the last year, Madison appreciation rates have trailed the rest of the nation. In the last twelve months, Madison's appreciation rate has been 2.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Madison were at 1.17%, which equates to an annual appreciation rate of 4.77%.

Relative to Mississippi, our data show that Madison's latest annual appreciation rate is lower than 80% 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:
$277,437

Madison, MS HOME PRICES

Value Range
> $1,073,000 1.1
$805,001 - $1,073,000 0.8
$537,001 - $805,000 5.4
$429,001 - $537,000 9.5
$322,001 - $429,000 14.0
$215,001 - $322,000 28.1
$107,001 - $215,000 35.4
$54,001 - $107,000 3.1
$0 - $54,000 2.5

Very High for MS
Very High for Nation

Value Relative to Nation Value Relative to State
19.289102301341 0.408163265306122

Number Of Homes And Apartments:
8,870

Rent & Ownership

 

Average Market Rent:
$1,648 / per month

Homeownership Rate

Homeownership
Owners 91.89
Renters 8.11
Vacant 4.92

Housing Market Details

 

Age of Homes

AGE OF Madison HOMES
2000 or Newer 33.1
1970 - 1999 62.5
1940 - 1969 4.1
1939 or Older 0.3

Types of Homes

TYPE OF Madison HOMES
Single-Family 95.7
Townhomes 2.1
Small Apt. Buildings 0.2
Apt. Complexes 1.5
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Madison HOMES
No Bedroom 0.78
1 Bedroom 1.21
2 Bedrooms 2.96
3 Bedrooms 43.50
4 Bedrooms 42.45
5 or more bedrooms 9.10

Madison Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
32.15% 1.65% 4 3
* 10 is highest