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Madison County, TN

District 10

RANK #208 / 996 NAT  ·  #5 / 33 TN  ·  POP 98,644

1YR FORECAST: +0.9%

5YR OUTLOOK: +32%

Our model projects above-average housing market growth for Madison County at +0.9% over the next year.

[01] Why Madison County?

Madison County, Tennessee, is home to Pinson Mounds State Archaeological Park, a significant site featuring one of the largest Middle Woodland period mound complexes in the United States, including the country's second-tallest earthwork mound. Located in West Tennessee, the county seat of Jackson is approximately halfway between Memphis and Nashville. The community offers a blend of suburban and rural living, with a commute time averaging around 17 minutes. Outdoor recreation includes numerous parks, such as the 850-acre Middle Fork Bottoms Recreation Area, which offers fishing and walking trails.

Life in Madison County is characterized by a mix of families and young professionals, with most residents owning their homes. The Jackson-Madison County School System serves over 13,000 students across 26 campuses, focusing on career readiness and providing a quality education. The local economy is experiencing growth, driven by investments in manufacturing and other sectors. Recent years have seen an increase in economic development projects, contributing to job creation and a diversified industrial base.

[02] Market Snapshot

Housing Ratio
2.5x

Undervalued relative to economy

GDP Growth
+2.8%

Above national median

Home Prices
-1.6%

Prices declining

Climate & Terrain
-1.4

Below-average climate & terrain

Price/Rent
10x

Strong rental yield

Housing looks undervalued at 2.5x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    West Tennessee Healthcare Healthcare
    5,000+
  2. 2
    Jackson-Madison County School System Education
    1,000+
  3. 3
    Delta Faucet Company Manufacturing
  4. 4
    Kellanova (Kellogg) Plant Manufacturing
  5. 5
    Stanley Black & Decker Manufacturing
  6. 6
    Madison County Government Government
    500+
  7. 7
    Union University Education
  8. 8
    City of Jackson Government
  9. 9
    The Jackson Clinic Healthcare
  10. 10
    Kirklands Home Distribution Center Logistics

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
98,644
+0.28% YoY
Median Household Income
$55,280
Median Home Value
$170,700
-1.6% 12mo
Median Rent
$994
Average Annual Pay
$58,054
+2.8% YoY
Employment
60,967
+0.2% YoY
Income-to-Home-Value
0.3238
More affordable than average
Migration Inflow
4.32%
of pop. from another state
Bachelor's Degree+
25.9%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$294,500
Days on Market
70
Slower market
Months of Supply
3.2
Balanced market
Sale-to-List Ratio
97.1%
Negotiation room for buyers
Sold Above List
16.1%
Listings w/ Price Drops
19.0%
Building Permits (2024)
247
Single-Family Permits
247

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

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
13.1
per 100K · nat avg 6.3
Firearm Fatalities
21.3
per 100K · nat avg 14.8
Injury Deaths
93.9
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] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
40.7
Good
Good Air Days
68%
731 of 1,072 days
Unhealthy+ Days (3yr)
2
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
38
2022
41
2023
43
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$11,085M
TOTAL
PROJECT AMOUNT STATUS
AWS Data Center Campuses
Amazon Web Services (AWS)
$10,000M Under Construction
Georgia-Pacific Dixie® Manufacturing Facility
Georgia-Pacific
$425M Completed
The Crossings at Exum Place (Mixed-Use Development)
Unknown
$350M Planned
6K Energy Battery Material Manufacturing Site
6K Energy
$166M Planned
McKellar Solar Farm (70 MWAC)
TVA, Meta, Silicon Ranch, Jackson Energy Authority
$90M Completed
Toyota Boshoku Tennessee (TBTN) Expansion
Toyota Boshoku Tennessee, LLC (TBTN)
$54M Under Construction

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

[08] Score Breakdown

GDP Growth +2.8% 51 percentile
Population Growth +0.3% 42 percentile
Income Growth +7.3% 22 percentile
Vacancy Rate 1.8% 12 percentile
Home Price Change -1.6% 17 percentile
Rent Growth +2.6% 43 percentile
Price/Rent 10x 87 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

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

With a Boom Town Index score of 79/100, Madison County sits in the upper half of all 996 ranked counties. and median household income stands at $55,280 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in TN.

Is Madison County affordable?

Housing in Madison County is roughly in line with national affordability norms. The median home costs $170,700 and the income-to-home-value ratio sits at 0.32, with rents averaging $994/month. Not a bargain, but not a stretch for most local earners either.

Is Madison County growing or shrinking?

Population and employment in Madison County are both close to flat — population +0.3% YoY and jobs +0.2%. Home values shifted -1.6% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Madison County?

There's a moderate stream of newcomers. About 4.32% 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.

[10] Similar Counties by Size & Score

Gibson County, TN 79 Greene County, TN 81 Roane County, TN 77 Dickson County, TN 82 Coffee County, TN 76 Bedford County, TN 72 Cass County, MO 79 Creek County, OK 79