The story of this market
The typical home in ZIP 39092 sells for about $435,000, or $170 per square foot.
Prices are up +15.3% from a year ago, so sellers still have some momentum. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $549 a month.
ZIP 39092 — Lake
The Madison housing market is currently experiencing strong upward price momentum, with a 15.3% year-over-year increase in median sale prices. High demand, driven by the area's top-rated schools and professional employment opportunities, continues to outpace inventory, resulting in a competitive environment for buyers.
This area is ideal for families seeking high-quality public schools and professionals working in the Jackson metro area who prioritize suburban amenities and a stable, growing community.
Median prices moved up 15.3% year over year.
Homes spend a median of 28 days on market with 3.8 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.9% · poverty 16.3% — a stable, low-distress profile.
versus the prior ACS vintage
Madison city, Mississippi
The area is served by the highly-rated Madison County School District, which is frequently cited for its strong academic performance and high graduation rates.
The region faces standard regional risks for severe thunderstorms and occasional wind events, with flood risk varying by proximity to local waterways.
Madison serves as a major residential and commercial hub for the Jackson metropolitan area, benefiting from steady corporate investment and infrastructure expansion along the I-55 corridor.
Property taxes are assessed at the county level based on millage rates applied to the assessed value of real property, with homestead exemptions available for primary residences.
Residents primarily commute via I-55, providing direct access to the Jackson employment core, with typical drive times ranging from 15 to 25 minutes depending on traffic.
The area features extensive access to the Ross Barnett Reservoir for water sports, numerous community parks, and proximity to high-end shopping and dining districts in the city center.
The rental market is characterized by high demand and limited vacancy, driven by the area's strong school system and professional employment base.
The economy is anchored by professional services, healthcare, and education, with significant employment ties to the nearby state capital.
The city is primarily served by the I-55 corridor, which acts as the main artery for regional transit and commuting.
Ongoing development focuses on mixed-use commercial projects and residential expansion in the northern sections of the city.
The Madison County Tax Assessor manages property valuations, typically reassessing properties periodically to reflect market value changes.
Parcels are subject to Madison County School District taxes and various municipal utility district assessments.
Property insurance premiums are influenced by regional weather patterns, including wind and hail exposure common in central Mississippi.
Data retrieved from data.census.gov for Madison city, MS.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Bienville National Forest4.37.9 mi
- Bienville National Forest4.37.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A major regional destination for boating, fishing, and outdoor recreation.
A central hub for local retail and dining establishments.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.