Housing Market in Madison

Madison's housing market runs genuinely, substantially above the broader Mississippi and Jackson-metro norm, with a real, disclosed cross-source spread this record does not flatten.

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A real, disclosed price spread

Cited sources put Madison's median home value between approximately $271,100 and $333,353, with Ownwell's own property-tax basis figure at approximately $334,700.

Well above statewide and national medians

Regardless of which figure is used, Madison runs well above Mississippi's statewide median home value (~$169,800) and the national median (~$244,900).

A market reflecting Madison's real affluence

Madison's home-price premium is consistent with its documented status as one of Mississippi's richest cities.

Key takeaways

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Last reviewed: 2026-08-28. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.