Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Madison area can be challenging. Home prices in Madison are now at a median cost of $302,997, higher than the Mississippi average of $145,564.
The average cost of rent is $1,684/mo in Madison, primarily driven by the current value of real estate in the Madison area. While nearly 23.92% of residents own their homes outright in Madison, 4.69% rent.
Housing affordability isn’t just about home prices, though. The average household income in Madison is $10,530 per month. Households that rent pay about 15.99% of their income on rent here. Madison's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Meltonville, MS: less expensive homes
- Ridgeland, MS: equally priced homes
- Charlton, MS: less expensive homes
- Sloan, MS: less expensive homes
- Madisonville, MS: less expensive homes
- Canton, MS: less expensive homes
- Flora, MS: less expensive homes
- Flowood, MS: equally priced homes
- Jackson, MS: less expensive homes
- Brandon, MS: less expensive homes
Cities with Similar Populations
- Wauwatosa, WI: less expensive homes
- Everett, MA: higher priced homes
- Fairfield, OH: less expensive homes
- Frankfort, KY: less expensive homes
- Grand Blanc, MI: less expensive homes
- Holly Springs, NC: higher priced homes
- Hurst, TX: less expensive homes
- Zanesville, OH: less expensive homes
- Woodland Hills, CA: higher priced homes
- West Orange, NJ: higher priced homes
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