Madison County, Mississippi home prices
Typical home $336,172 · +1.1% in a year · property tax 0.68%
The typical home in Madison County is worth $336,172, 73% more than the Mississippi typical home ($194,531). Values changed +1.1% in the past year and +23.2% over five years. Homeowners here pay a median 0.68% of their home's value in property tax each year ($2,278 on the typical home), versus 0.65% statewide.
Mortgage on the typical Madison County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $67,234 | $268,937 | $1,809 | $0 | $358 | $2,167 | $92,900 |
| 10% down | $33,617 | $302,555 | $2,035 | $126 | $358 | $2,519 | $108,000 |
| 5% down | $16,809 | $319,363 | $2,148 | $133 | $358 | $2,639 | $113,100 |
| 3.5% down (FHA) | $11,766 | $330,083 | $2,220 | $149 | $358 | $2,727 | $116,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.68% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Mississippi · part of the Jackson metro area.
Mississippi counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| DeSoto County | $299,861 | +1.4% | 0.6% |
| Oktibbeha County | $282,630 | +4.6% | 0.71% |
| Rankin County | $271,112 | +3.4% | 0.6% |
| Lafayette County | $403,564 | +2.7% | 0.55% |
| Lamar County | $265,690 | +3.6% | 0.66% |
| Tate County | $248,358 | +4.9% | 0.65% |
| Hancock County | $236,201 | +0.8% | 0.71% |
| Harrison County | $229,862 | +2.8% | 0.65% |
| Marshall County | $216,006 | +0.4% | 0.72% |
| Jackson County | $214,695 | +0.4% | 0.71% |
Frequently asked questions
What is the average home price in Madison County, MS?
The typical home value in Madison County is $336,172 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Madison County?
About $92,900 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Madison County?
The median effective rate is 0.68% of home value a year (Census ACS 2024 5-year estimates).