Madison, MS 39110 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Madison, MS—39110

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$416,000

1.8% YoY Growth

Household Income

$123,000

15.5% YoY Growth

Days on Market

5.0% Shorter YoY

Home Price Forecast

0.5%

Median Rent

$2,400

8.4% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$3,500

60.7% YoY Growth

3-Bed Rent

$2,300

4.1% YoY Growth

Home Price Trends — Madison, MS

As of May '26, the median home price in Madison, MS is $416,000, with a year-over-year change of 1.8%. This indicates that home prices in Madison, MS are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$416,000	1.8%
Single Family	$416,000	1.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

5.7%

1 Bedroom

7.5%

2 Bedrooms

11.3%

3 Bedrooms

60.2%

4 Bedrooms

15.3%

Property Listings — Madison, MS

As of May '26, Realtor.com reports that the median days on market for a home in Madison, MS is 64. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$499,000	0.0%
Listing Count	405	6.0%
Listings as % of Homes	1.1%	6.0%
Days on Market	64	-5.0%

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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%

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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%

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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%

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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

Madison, MS—39110

Key Metrics at a Glance

Home Price Trends — Madison, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Madison, MS

% of Rental Stock

Property Listings — Madison, MS

Demographics — Madison, MS

Race and Ethnicity

Mortgage and Risk — Madison, MS

Mortgages

Rentals and Section 8 — Madison, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Madison, MS

Home Price to Income Ratio

Madison, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Ridgeland, MS

Tougaloo

Jackson, MS

Jackson, MS

Jackson, MS

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.2
Median Home Price	$416,000
Median Household Income	$123,000

Madison, MS—39110

Key Metrics at a Glance

Home Price Trends — Madison, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Madison, MS

% of Rental Stock

Property Listings — Madison, MS

Demographics — Madison, MS

Race and Ethnicity

Mortgage and Risk — Madison, MS

Mortgages

Rentals and Section 8 — Madison, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Madison, MS

Home Price to Income Ratio

Madison, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Ridgeland, MS

Tougaloo

Jackson, MS

Jackson, MS

Jackson, MS

Frequently Asked Questions

What is the average home price in Madison, MS 39110?

How have home prices in Madison, MS 39110 changed over the past year?

What is the home price projection for Madison, MS 39110?

What are the demographics of Madison, MS 39110?

How long does it take homes to sell in Madison, MS 39110?

What is the average rent price in Madison, MS 39110?