Home/Mississippi/Madison County

Madison County Housing Market

Mississippi · 82 counties · Ranked #2596 in home value

Above National Avg

Housing at a Glance

Median Home Value

$286,300

vs national+$286,300 vs $281,900 national

Median Gross Rent

$1,097/mo

vs national$1,097 vs $1,163 national

Effective Tax Rate

0.72%

vs national0.72% vs 1.02% national

Median Household Income

$78,794

vs national+$78,794 vs $74,755 national

Affordability Ratio

3.6x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

31.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,071

Tax as % of Home Value

0.72%

Monthly Owner Cost

$1,371

Renter Income

$39,341

Frequently Asked Questions

What is the median home value in Madison County?
The median home value in Madison County is $286,300. This is above the national median of $281,900.
How much is rent in Madison County?
The median gross rent in Madison County is $1,097 per month.
What is the property tax rate in Madison County?
The effective property tax rate in Madison County is 0.72%. The median annual property tax bill is $2,071.
Is Madison County affordable?
With a home-value-to-income ratio of 3.6x, Madison County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.