Rent to own Homes in Madison, MS
A part of the Jackson metropolitan area, Madison, Mississippi offers a small-town vibe close to the amenities of a large city. Named for president James Madison and once a major railroad stop, Madison is home to the 10-acre Simmons Arboretum, with walking paths and local plants to explore. The Madison Square Center for the Arts is also located here, where local theater, opera, and dance productions are mounted year-round.
Madison, MS is a great place for affordable rent-to-own homes! With a median household income of over $119,855 and a median rent of $1,566, the Madison, MS rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Madison, MS. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Madison, MS Property Resources
Rent to own Homes in Cities Near Madison, MS
Neighborhoods in Madison, MS
Lakes at Grandview rent to own homes Sandalwood rent to own homes Cypress Lake rent to own homes Natchez Trace Village rent to own homes Reunion rent to own homes Wright's Mill rent to own homes Fontanelle rent to own homes Northbay rent to own homes Ingleside rent to own homes Saint Catherine's Village rent to own homesPopular Zip Codes in Madison, MS
39130 rent to own homesBuying a Home in Madison, MS
Madison, MS is seeing rapid growth and Madison, MS's' housing market remains not optimal with an average home price that is 25% above the 2024 national average. Madison, MS is part of Madison county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Madison is 0.66% which is below the national average, which is 0.99%.
Median Home Price in Madison, MS
Median Rent in Madison, MS
Top 6 Reasons to live in Madison, MS
Plenty of parks! There's plenty of open space for relaxing or even fishing right in town. At Strawberry Park, you will find seven acres that include a fishing lake, a walking trail and picnic spots. Liberty Park offers a walking trail, soccer fields and an archery range.
Arts and entertainment! The Madison Square Center for the Arts is listed on the National Registry of Historic Buildings, but what's contained inside is current entertainment offerings such as live theater by the local Center Players, performances by the Mississippi Opera Association and the Magnolia Ballroom Dancers Association. The Downtown Madison Farmers Market, which operates every week throughout the region's growing season, has more than fresh produce: there's live entertainment there, too.
Recreation at the Ross R. Barnett Reservoir! Filled with water from the Pearl River, the reservoir welcomes two million people annually. Visitors boat, fish, water-ski, camp and hike. There's also a mountain bike trail around Mule Jail Lake.
Explore the Natchez Trace Parkway! This historic trail runs right through town, and is a 444-mile road that commemorates some 10,000 years of natural history. Living in Madison, it's easy to hop on the road and explore near and far. Explore the Cypress Swamp or the Highland Colony Parkway.
Rising home values! From city center to East Hill Drive and the neighborhood of Madisonville, rent to own homes are a solid investment in the future of this community. With home values outpacing rental costs, and valued at approximately 89% higher than in other parts of Mississippi, there's a good choice for just about anyone in this pleasant, tree-filled town.
Convenient and varied housing! Whether you're looking for a single-family home, a condo or a town home, there are homes of all types and sizes in Madison, located in areas where residents can stroll the wooded paths of the Pearl River State Wildlife Management Area or see the latest films at Malco Theaters multiplexes.