Madison County, Tennessee home prices
Typical home $222,721 · -1.1% in a year · property tax 0.56%
The typical home in Madison County is worth $222,721, 33% less than the Tennessee typical home ($330,844). Values changed -1.1% in the past year and +17.0% over five years. Homeowners here pay a median 0.56% of their home's value in property tax each year ($1,246 on the typical home), versus 0.46% 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 | $44,544 | $178,176 | $1,199 | $0 | $215 | $1,414 | $60,600 |
| 10% down | $22,272 | $200,449 | $1,348 | $84 | $215 | $1,647 | $70,600 |
| 5% down | $11,136 | $211,585 | $1,423 | $88 | $215 | $1,727 | $74,000 |
| 3.5% down (FHA) | $7,795 | $218,687 | $1,471 | $99 | $215 | $1,785 | $76,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.56% 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 Tennessee · part of the Jackson metro area.
Tennessee counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Henry County | $221,770 | +6.7% | 0.44% |
| Claiborne County | $223,829 | +3.7% | 0.49% |
| Jackson County | $225,655 | +3.2% | 0.46% |
| Van Buren County | $228,836 | +1.0% | 0.44% |
| Houston County | $229,483 | +8.2% | 0.54% |
| Shelby County | $215,732 | -1.2% | 0.98% |
| Henderson County | $213,136 | +7.2% | 0.48% |
| Morgan County | $210,307 | +4.4% | 0.52% |
| Clay County | $209,475 | +5.6% | 0.56% |
| Hardin County | $207,630 | +2.4% | 0.41% |
Frequently asked questions
What is the average home price in Madison County, TN?
The typical home value in Madison County is $222,721 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Madison County?
About $60,600 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 0.56% of home value a year (Census ACS 2024 5-year estimates).