Madison County, Mississippi Housing Market
In Madison County, Mississippi, the median home value is $311,100, with a median monthly rent of $1,186. This places Madison County at #568 nationally out of 3134 counties by median home value, and #2 within Mississippi.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,113
- Establishments: 4,022
- BLS QCEW, 2025
Housing Supply
- Single-family: 425
- Multi-family: 32
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 43,711 (avg $122,982)
- Outflow: 41,104 (avg $121,370)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Madison County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 39110 | 202.8 | +3.01% | 2025 |
| 2 | 39046 | 214.0 | +1.75% | 2025 |
| 3 | 39157 | 182.3 | +0.98% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Madison County Compares
| Metric | Madison County | Mississippi Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $311,100 | $135,817 | $227,706 |
| Median Gross Rent | $1,186 | $804 | $968 |
| Owner Occupancy Rate | 71.3% | 72.4% | 73.3% |
| Price/Rent Ratio | 21.9 | 13.9 | 18.7 |
Market Analysis
The median home value in Madison County is 129.1% above the Mississippi state average and 36.6% above the U.S. national average. The median rent of $1,186/month is 47.5% above the state average.
With a price-to-rent ratio of 21.9, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Madison County has an owner-occupancy rate of 71.3%, compared to 72.4% in Mississippi and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Sevier County | Utah | $311,200 | $912 |
| Meade County | South Dakota | $310,900 | $1,264 |
| Bay County | Florida | $310,500 | $1,484 |
| Hancock County | Maine | $310,400 | $1,061 |
| Gloucester County | New Jersey | $310,400 | $1,531 |
Other Counties in Mississippi
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Lafayette County | $315,400 | $1,085 | 63.8% |
| DeSoto County | $269,600 | $1,451 | 77.9% |
| Oktibbeha County | $237,700 | $915 | 48.0% |
| Rankin County | $237,400 | $1,270 | 76.8% |
| Lamar County | $224,700 | $1,126 | 69.5% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).