Home/Tennessee/Madison County

Madison County Housing Market

Tennessee · 95 counties · Ranked #1787 in home value

Below National Avg

Housing at a Glance

Median Home Value

$189,700

vs national$189,700 vs $281,900 national

Median Gross Rent

$1,076/mo

vs national$1,076 vs $1,163 national

Effective Tax Rate

0.61%

vs national0.61% vs 1.02% national

Median Household Income

$58,189

vs national$58,189 vs $74,755 national

Affordability Ratio

3.3x

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

Rent Burden

33.0%

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

More Housing Data

Property Tax (Median)

$1,161

Tax as % of Home Value

0.61%

Monthly Owner Cost

$913

Renter Income

$36,046

Take Action

Property Tax

Lower Your Property Tax

Ownwell can help you appeal your property tax assessment. Average savings: $$174+/year.

Mortgage

Compare Mortgage Rates

See current mortgage rates from multiple lenders. Shop and compare to find your best rate.

Home Search

Browse Homes on Zillow

Search active listings in Madison County. See photos, prices, and open house dates.

Similar Counties by Home Value

Explore Related Data

Frequently Asked Questions

What is the median home value in Madison County?

The median home value in Madison County is $189,700. This is below the national median of $281,900.

How much is rent in Madison County?

The median gross rent in Madison County is $1,076 per month.

What is the property tax rate in Madison County?

The effective property tax rate in Madison County is 0.61%. The median annual property tax bill is $1,161.

Is Madison County affordable?

With a home-value-to-income ratio of 3.3x, 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.