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Madison County, MS

District 2

RANK #566 / 996 NAT  ·  #15 / 15 MS  ·  POP 109,257

1YR FORECAST: -0.3%

5YR OUTLOOK: +22%

Madison County's housing market is projected to grow -0.3% over the next year, below the national average.

[01] Why Madison County?

Madison County, Mississippi, is known for its scenic Ross Barnett Reservoir, a 33,000-acre body of water that forms part of its southeastern border and offers opportunities for boating, fishing, and other water sports. The county, part of the greater Jackson metropolitan area, is located in central Mississippi, with its county seat, Canton, situated about 30 miles north of Jackson. Commutes to Jackson are generally under 20 minutes by car. The area maintains a suburban feel, with towns like Madison and Ridgeland offering a blend of community and amenities. The Natchez Trace Parkway also runs through the county, providing additional outdoor recreation options like hiking and biking trails.

Life in Madison County often appeals to families and professionals, with a focus on quality public education. The Madison County School District consistently receives high ratings. The local economy has seen recent growth, particularly with investments in technology infrastructure, including data centers. The county also has a history of manufacturing and commercial development, with ongoing projects aimed at expanding retail and mixed-use spaces. These developments contribute to a landscape that balances residential appeal with evolving economic opportunities.

[02] Market Snapshot

Housing Ratio
3.6x

Undervalued relative to economy

GDP Growth
+4.2%

Well above national median

Home Prices
+2.8%

Outpacing national median

Climate & Terrain
-0.0

Below-average climate & terrain

Price/Rent
14x

Above national median (13x)

Housing looks undervalued at 3.6x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Nissan Manufacturing
    5,000+
  2. 2
    Madison County School District Education
    1,000+
  3. 3
    Peco Foods of MS, Inc. Manufacturing
  4. 4
    Yates Services Manufacturing
    500+
  5. 5
    C Spire Technology
  6. 6
    Mississippi Department of Rehabilitation Services Government
  7. 7
    Canton Public Schools Education
    250+
  8. 8
    Faurecia Manufacturing
  9. 9
    B&B Electric Other
  10. 10
    HORNE Other

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Madison County U.S. National

The Numbers

DEMOGRAPHICS
Population
109,257
+0.93% YoY
Median Household Income
$79,105
Median Home Value
$264,700
+2.82% 12mo
Median Rent
$1,062
Average Annual Pay
$55,426
+3.5% YoY
Employment
60,205
+1.8% YoY
Income-to-Home-Value
0.2988
More affordable than average
Migration Inflow
3.6%
of pop. from another state
Bachelor's Degree+
49.5%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$339,000
Days on Market
51
Moderate pace
Months of Supply
5.9
Buyer's market
Sale-to-List Ratio
97.3%
Negotiation room for buyers
Sold Above List
8.0%
Listings w/ Price Drops
18.5%
Building Permits (2024)
552
Single-Family Permits
552

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
10.7
per 100K · nat avg 6.3
Firearm Fatalities
18.3
per 100K · nat avg 14.8
Injury Deaths
67.4
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$11,700M
TOTAL
PROJECT AMOUNT STATUS
AWS Data Center Campuses
Amazon Web Services (AWS)
$10,000M Under Construction
Madison County Advanced Power Station (Natural Gas)
Entergy Corporation
$1,000M Planned
Nissan Canton Plant EV Conversion
Nissan
$500M Completed
Ragsdale Solar Park (100 MW)
EDP Renewables North America (EDPR NA)
$150M Operating
Madison County Conference Center at Prado Vista
N/A (Madison County, private developers)
$50M Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

GDP Growth +4.2% 75 percentile
Population Growth +0.9% 70 percentile
Income Growth +5.9% 7 percentile
Vacancy Rate 1.3% 30 percentile
Home Price Change +2.8% 70 percentile
Rent Growth +4.9% 78 percentile
Price/Rent 14x 40 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Madison County, MS a good place to move to?

Madison County scores 43/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#566). Median household income is $79,105 and job growth is running at +1.8%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Madison County affordable?

Housing in Madison County is roughly in line with national affordability norms. The median home costs $264,700 and the income-to-home-value ratio sits at 0.30, with rents averaging $1,062/month. Not a bargain, but not a stretch for most local earners either.

Is Madison County growing or shrinking?

Madison County is growing on multiple fronts. Population is up +0.9% year-over-year while employers added jobs at a +1.8% clip. Home values shifted +2.8% in the past year.

Are people moving to Madison County?

There's a moderate stream of newcomers. About 3.6% of residents moved from another state, which is above average and suggests Madison County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

DeSoto County, MS 54 Forrest County, MS 60 Lauderdale County, MS 62 Lamar County, MS 64 Rankin County, MS 65 Harrison County, MS 66 Craven County, NC 43 Bibb County, GA 43