Home prices
The median home price in Madison is $261,900. Compared to nearby areas it is roughly $99,580 (61%) higher.Compared to the nation as a whole it is roughly $44,400 (20%) higher, and is approximately $171,200 (188%) higher compared to the city of Jackson.
Rents
In Madison the median rent is $1,549 a month. This is approximately $635 (69%) higher compared to the surrounding areas.Compared to the United States as a whole it is roughly $487 (45%) higher, and in comparison to the city of Jackson is about $702 (82%) higher.
Nearby places
Ridgeland
Ridgeland is Madison's neighbor to the south. Housing prices there are significantly less expensive. Ridgeland's median home price is $186,500, which works out to $75,400 (40%) lower than Madison. Its rents are substantially less expensive. In Ridgeland the median rent is $1,043 per month, which is $506 (48%) lower than Madison.
Canton
Canton is roughly 10 miles northeast of Madison. The real estate prices there are substantially less expensive. The median home in Canton costs $119,200, which comes out to $142,700 (119%) lower than Madison. Rent there is substantially less expensive. In Canton the median monthly rent is $777, which works out to $772 (99%) lower than Madison.
Flowood
Flowood is approximately 10 miles south from Madison. Its housing prices are a lot less expensive. The value of the median home in Flowood is $187,500, which is $74,400 (39%) lower than Madison. Its rents are substantially less expensive. In Flowood the median rent is $1,147 per month, which is $402 (35%) lower than Madison.
Flora
Flora is about 10 miles northwest of Madison. Its real estate prices are a lot less expensive. The median home value in Flora is $148,900, which is $113,000 (75%) lower than Madison. Its rents are substantially less expensive. Flora's median monthly rent is $621, which works out to $928 (149%) lower than Madison.
Clinton
Clinton is roughly 14 miles southwest from Madison. Its real estate prices are substantially less expensive. The value of the median home in Clinton is $169,500, which works out to $92,400 (54%) lower than Madison. Rents there are a lot less expensive. Clinton's median monthly rent is $981, which comes out to $568 (57%) lower than Madison.
