Madison, MS—39110
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Madison, MS
As of Oct '25, the median home price in Madison, MS is $410,000, with a year-over-year change of 2.9%. This indicates that home prices in Madison, MS are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $410,000 | 2.9% |
| Single Family | $410,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $263,000 | 4.8% |
3 Bed | $299,000 | 3.1% |
4 Bed | $449,000 | 3.0% |
| 5 Bed | $652,000 | 2.4% |
% of Housing Stock
Rental Trends — Madison, MS
As of July '25, Rentcast reports the average rent in Madison, MS is $2,580, with a year-over-year rent change of 8.4%. Per bedroom, the median rent as of July '25 in Madison, MS is 2-bedrooms: $3,310, 3-bedrooms: $2,310, 4-bedrooms: $3,150. The most common rental property sizes in Madison, MS are 3-bedroom and 4-bedroom, accounting for 60.2% and 15.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,580 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $3,500 | $3,310 |
| 3 Bed Rent | $2,300 | $2,310 |
| 4 Bed Rent | $2,800 | $3,150 |
% of Rental Stock
Property Listings — Madison, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Madison, MS is 70. This is a increase of 2.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $484,000 | -2.0% |
Listing Count | 349 | -8.0% |
| Listings as % of Homes | 1.1% | -8.0% |
Days on Market | 70 | 2.0% |
Demographics — Madison, MS
As of the latest ACS Survey released in 2023, Madison, MS has a population of 47,700, which has increased by 12.4% over the past 5 years. Madison, MS is a popular place for families, as children make up 26.3% of the population. The area has a highly educated workforce, with 64.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 47,700 | 12.4% |
% Under 18 | 26.3% | -1.5% |
% Seniors | 14.0% | 13.8% |
% WFH | 9.3% | 173.5% |
% w/ College Degree | 64.0% | -1.2% |
As of the latest ACS Survey released in 2023, Madison, MS is a predominantly white area, with 76.1% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Madison, MS is black, making up 15.3% of the population. Foreign-born residents account for 5.0% of the population in Madison, MS, and this percentage has increased by 35.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 76.1% | -3.9% |
% Black | 15.3% | 0.0% |
% Hispanic | 2.2% | 83.3% |
% Asian | 4.4% | 29.4% |
% Foreign Born | 5.0% | 35.1% |
Mortgage and Risk — Madison, MS
According to HUD data as of 2023, there were 1334 mortgage originations in Madison, MS, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Madison, MS. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,334 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Madison, MS
Madison, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 35 |
Total Units Section 8 | 35 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,580 |
| 2 Bedroom | -$1,650 | $3,500 | $1,850 |
| 3 Bedroom | -$70 | $2,300 | $2,230 |
| 4 Bedroom | -$350 | $2,800 | $2,450 |
Affordability — Madison, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $410,000 |
| Median Household Income | $123,000 |