Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$336,172+1.1% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 17% have cut their price
Income needed to buy, per year$72,875About 0.8× the local median income ($90,259): affordable for a typical household
Days on market71 daysFaster than a year ago: sellers have the edge
Next 12 months+1.7%Zillow expects prices to rise slightly
The typical home in Madison County, MS is worth $336,172, up 1.1% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $338,325, so the area is 0.6% undervalued. It is a balanced market: homes take about 71 days to sell, listings are up 8% from a year ago, 17% of listings have had a price cut. Zillow expects prices to rise about 1.7% over the next year. A household needs about $72,875 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $90,259. Typical rent is $1,676 a month, or $1,795 for a house. In the latest IRS figures, 477 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$336,172
Change in 1 year
+1.1%
Overvalued %
−0.6%
Show 7 more
Fair home value
$338,325
Change in 5 years
+23.2%
Zillow forecast, next 12 months
+1.7%
Home value to income
3.7×
Monthly mortgage payment (20% down)
$1,822
Income needed to afford it
$72,875
Property tax rate
0.68%
Rent and investing
Typical rent
$1,676
Typical rent for houses
$1,795
Price-to-rent ratio
16.7×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,289
Gross rental yield
5.98%
Cap rate (estimate)
3.89%
Market activity
Listings vs a year ago
+8.4%
Days on market
71
Listings with a price cut
16.9%
Show 3 more
Homes for sale
516
Pending sales per 100 listings
33
Asking price per sq ft
$183
People and jobs
Median household income
$90,259
Population change (1 year)
+1.2%
Unemployment rate
3.7%
Show 4 more
Population
116,298
Income adjusted for cost of living
$101,415
Net moves in (IRS)
+477
Cost of living (US = 100)
89.0
Schools, risk and environment
School rating (1 to 10)
7.6
FEMA hazard risk score (0 to 100)
82.1
Flood risk score
76.8
Show 3 more
Wildfire risk score
53.9
Walkability (1 to 20)
6.5
Road, rail and air noise
52 dB
Questions people ask
Is Madison County, MS overvalued?
Home prices in Madison County, MS are slightly below what local incomes have historically supported: fair value is about $338,325, so the area is 0.6% undervalued.
Is Madison County, MS a buyer's or seller's market?
Madison County, MS is a balanced market: homes take about 71 days to sell, listings are up 8% from a year ago, 17% of listings have had a price cut.
Are home prices going down in Madison County, MS?
Home values in Madison County, MS are up 1.1% over the last year. Zillow's forecast for the next 12 months is +1.7%.
How much do you need to earn to buy a home in Madison County, MS?
A household needs about $72,875 a year to afford the typical home in Madison County, MS at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $90,259.