Home Insurance in Madison, Mississippi
With a median home value of $352,900, Madison is 13% higher than the Madison County median.
The typical home in Madison was built around 1997. About 2% of homes were built before 1960, about 4 points below Madison County's 6%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
Housing in Madison breaks down to 98% single-family homes, 1% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
About 69% of owner-occupied homes in Madison have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Madison has an owner-occupancy rate of 94% and a vacancy rate of 4%; unoccupied homes typically need a different coverage form.
In Madison, 73% of homes are primarily heated with natural gas.
What's the biggest home insurance risk near Madison? FEMA's National Risk Index points to tornado (Relatively High) in Madison County and Madison County had 783 active NFIP flood policies as of September 2026. See the full Madison County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Mississippi, the statewide average premium for a standard HO-3 homeowners policy is $2,029 per year (NAIC, 2023 data).
Key figures
| Median home value | $352,900 |
|---|---|
| Median year built | 1997 |
| Owner-occupied share | 94% |
| Share of owner-occupied homes with a mortgage | 69% |
| Top county hazard | Tornado (Relatively High) |
| Active NFIP policies in Madison County | 783 |
| Home insurance premium | $2,029 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)