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City · 24,587 residents · Madison County, Mississippi

Ridgeland , Mississippi

In Ridgeland, a typical home is worth $275,200 and typical rent is $1,336 a month. Compared with all of Madison County, typical household income is 21% lower, typical rent is 13% higher, and the share of households that own their home is 24 points lower.

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  • Typical home value

    $275,200

    12% below the county

    62% above Mississippi

    • Ridgeland
    • Madison
    • Mississippi

  • Typical rent

    $1,336a month

    13% above the county

    40% above Mississippi

    • Ridgeland
    • Madison
    • Mississippi

  • Typical household income

    $66,038a year

    21% below the county

    17% above Mississippi

    • Ridgeland
    • Madison
    • Mississippi

  • Households that own their home

    47%

    24 points below the county

    23 points below Mississippi

    • Ridgeland
    • Madison
    • Mississippi

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$284,620
1.8% more than 12 months ago
Typical rent
$1,445 a month
11% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Ridgeland is in Madison County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Madison County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Ridgeland apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Jackson, the typical home value is $111,700: 59% less than in Ridgeland ($275,200).

  2. 47% of households in Ridgeland own their home, against 71% in Madison County.

  3. Nearby, in Jackson, the typical rent is $1,055: 21% less than in Ridgeland ($1,336).

  4. The typical household income in Ridgeland is $66,038, 21% less than in Madison County as a whole ($83,441).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Ridgeland

What homes there are in Ridgeland, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses are the majority in Ridgeland (51%), but less so than in Madison County (75%).

Year built

In Ridgeland, half of the homes were built before 1991; in Madison County, before 1997.

There are fewer big homes in Ridgeland than in Madison County: 55% have 3 bedrooms or more, against 76%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

By price, most homes in Ridgeland sit under the FHA limit for Madison County ($541,287): about 80%.

Monthly rent with utilities

With a mortgage

$1,497 a month

Madison County: $1,858 a month

Without a mortgage

$619 a month

Madison County: $567 a month

Owners with a mortgage

67%

Madison County: 66%

Owning costs less in Ridgeland: with a mortgage, the typical cost is $1,497 a month; in Madison County, $1,858. Without one, $619.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Ridgeland rose 48% since 2015–2019, more than in Madison County (42%).

The typical rent in Ridgeland rose 28% since 2015–2019, about the same as in Madison County (26%).

Housing prices ran ahead of income in Ridgeland: typical income rose 9%, against +48% for home values and +28% for rent.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureRidgelandMadison CountyMississippiUnited States
Rental vacancy Unreliable estimate5.7%8.2%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimate1.8%2.2%3.4%
People per household 2.242.502.492.53
Drive alone 82%80%82%69%
Carpool 7%9%9%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimate1%1%3%
Work from home 9%10%6%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

Households in Ridgeland are smaller: 2.24 people on average; in Madison County, 2.50.

To get to work, 82% of workers in Ridgeland drive alone; in Madison County, 80%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Ridgeland?

A typical home costs more than the typical income allows

We start with a typical home in Ridgeland, worth $275,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 40% of the typical household income in Ridgeland, which is $66,038 a year. For that payment to be 28% of income, a household would need to earn about $95,364 a year.

The calculator's FHA and conventional loan limits are those of all of Madison County.

Your numbers

Local data
$

Starts at the typical home value in Ridgeland. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $9,632 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,225

at 7.18% · 30 years

Loan amount
$270,215
Total interest
$388,777
Paid off in
November 2056

Includes $4,647 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,541 a month

  • Tight

    $1,541 to $1,981 a month

  • Hard

    more than $1,981 a month

    Your payment · 40%

Compared with the typical household income in Ridgeland ($66,038 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,225
Principal & interest$1,831
Property tax$158
Home insurance$115
FHA mortgage insurance (MIP)$122

You need at least $9,632 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Ridgeland and Madison County

Ridgeland is in Madison County, Mississippi. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Ridgeland's own numbers

Typical home value
$275,200
Typical monthly rent
$1,336
Typical yearly household income
$66,038
Households that own their home
47%
Effective property tax rate
0.69%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Madison County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,289
Price change over 5 years (FHFA)
+42%
Homes in a high flood-risk zone
3.8%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Madison County.

Everything about Madison County

Buying

Buying a home in Ridgeland

A typical home in Ridgeland is worth $275,200: 12% below the county and 62% above Mississippi. With the typical household income in Ridgeland ($66,038 a year), a typical home costs 4.2 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Ridgeland 4.2 years
  • Madison 3.7 years
  • Mississippi 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Madison County

According to FHFA’s house price index, home prices in Madison County rose 56% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Madison County.

Period County Mississippi U.S.
Last year (2025) +1.8% +3.5% +2.9%
5 years (2020–2025) +42% +42% +47%
10 years (2015–2025) +56% +62% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Ridgeland next to Madison County, Mississippi and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Ridgeland $275,200
  • Madison $311,100
  • Mississippi $169,800
  • United States $332,700
Typical monthly rent
  • Ridgeland $1,336
  • Madison $1,186
  • Mississippi $954
  • United States $1,413
Typical yearly household income
  • Ridgeland $66,038
  • Madison $83,441
  • Mississippi $56,447
  • United States $80,734
See the full table
Ridgeland next to Madison County and Mississippi
Measure Ridgeland Madison County Mississippi U.S.
Typical home value $275,200 $311,100 $169,800 $332,700
Typical monthly rent $1,336 $1,186 $954 $1,413
Typical yearly household income $66,038 $83,441 $56,447 $80,734
Households that own their home 47% 71% 70% 65%
Typical yearly property tax $1,909 $2,108 $1,215 $3,119
Effective property tax rate 0.69% 0.68% 0.72% 0.94%
Renters with high rent for their income 54% 54% 51% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Madison County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Ridgeland

For a typical $275,200 home in Ridgeland, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Ridgeland's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,225a month

    Least cash to close
    Down payment
    $9,632
    Cash to close
    $17,888
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $122

  • Conventional, 5% down $2,175a month

    Down payment
    $13,760
    Cash to close
    $22,016
    Rate
    7.18%
    Mortgage insurance
    PMI · $131

  • Conventional, 20% down, no PMI $1,764a month

    Down payment
    $55,040
    Cash to close
    $63,296
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,019a month

    Down payment
    $41,280
    Cash to close
    $49,536
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Ridgeland and for Madison County.

Property tax

Effective rate in Ridgeland

0.69%of the home’s value each year

$1,909 a year for the typical owner in Ridgeland.

  • Ridgeland 0.69%
  • Madison 0.68%
  • Mississippi 0.72%

What Mississippi publishes Regular homestead exemption (Tier 1) (Mississippi Department of Revenue)

Exemptions and deadlines in Mississippi

Flood risk in Madison County

FEMA does not publish these numbers by city: they are for all of Madison County.

Homes in the high-risk zone
3.8%
1,279
Of those, with NFIP insurance
28%
County Mississippi U.S.
Homes in the high-risk zone 3.8% 7.6% 3.5%
Of those, with NFIP insurance 28% 33% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Ridgeland

Typical rent in Ridgeland is $1,336 a month: 13% above the county. In Ridgeland, 54% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Madison County, by unit size. To pay the 2-bedroom one ($1,289 a month) without spending more than 30% of your income, you would need to earn $24.79 an hour working full time.

HUD fair market rent for all of Madison County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,099 $21.13 $43,960
1 bedroom $1,105 $21.25 $44,200
2 bedrooms $1,289 $24.79 $51,560
3 bedrooms $1,536 $29.54 $61,440
4 bedrooms $1,694 $32.58 $67,760

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Ridgeland

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Ridgeland is in ZIP code 39157.

For 2 bedrooms it is $1,450: $161 more than the fair market rent for Madison County ($1,289).

  • 39157 $1,450$1,730

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Ridgeland when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Ridgeland

HUD lists one building with rents for lower incomes in Ridgeland.

  • Northbrook III 107 Pine Knoll Dr, Ridgeland 39157 20 low-income homes · For older adults (601) 956-7404

See all 25 buildings in Madison County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Ridgeland

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Madison County. The nearest ones are below; many serve by phone or online.

A pregnant woman reads paperwork on the sofa while the grandmother plays with the girl on the floor.

HUD counseling is free or low-cost

Assistance programs in Ridgeland

No down payment, repair or rent-help program on our list is for Ridgeland or Madison County. The ones below are statewide in Mississippi: they work in Ridgeland the same as in the rest of the state.

Which programs do I qualify for? All programs in Mississippi

  • Smart7 Mortgage Program

    Statewide in Mississippi

    Mississippi state corporation 30-year mortgage with $7,000 for the down payment or closing costs as a 0% second mortgage, repaid when you sell, refinance, stop living in the home or pay off the mortgage; no first-time buyer requirement. Offered by Mississippi Home Corporation (MHC).

    Deferred

    See the program Official page

  • Easy8

    Statewide in Mississippi

    Mississippi state corporation 30-year mortgage with $8,000 at 0% as a second mortgage for the down payment, closing costs or prepaid expenses, repaid when you sell, refinance, stop living in the home or pay off the mortgage; for first-time buyers, except in designated areas and for veterans. Offered by Mississippi Home Corporation (MHC).

    Deferred

    See the program Official page

  • Home4All

    Statewide in Mississippi

    Mississippi state corporation forgivable grant, with federal HOME funds, of up to $25,000 for the down payment, closing costs or to reduce the principal; for first-time buyers with incomes under 80% of the area median and a fixed-rate mortgage; if you sell before 5 or 10 years (depending on the amount), you may repay part of it. Offered by Mississippi Home Corporation (MHC).

    Grant

    See the program Official page

Housing counselors near Ridgeland

The HUD-approved agencies closest to the center of Ridgeland, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • NSC (naca Counseling Subsidiary) - Jackson, MS

    405 Briarwood Dr, Jackson · 3 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (601) 922-4008

  • Housing Education and Economic Development, Inc.

    3405 Medgar Evers Blvd, Jackson · 7 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (601) 981-1960

  • Mississippi Housing Partnership, Inc.

    1217 N West St, Jackson · 8 miles away

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 4 more
    (601) 969-1895

All counseling agencies in Mississippi

Help in Spanish near Ridgeland

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Ridgeland

In HUD’s record, no housing authority with an office in Madison County is named for Ridgeland or Madison County.

One other authority has an office in Madison County: see the list Source: HUD

Cities

Other cities in Madison County

These cities are also in Madison County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Madison County Housing in Mississippi

Nearby cities

The cities closest to Ridgeland, with the typical home value.

Neighboring counties

If Madison County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Ridgeland.

All guides
A father, a mother and their daughter smile among the avocado trees by their home in Somis, California.

Questions

Housing questions about Ridgeland

Short answers with the numbers for Ridgeland and all of Madison County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Ridgeland?

The typical home value in Ridgeland is $275,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Madison County it is $311,100.

How much does it cost to rent in Ridgeland?

Typical rent in Ridgeland is $1,336 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Madison County is $1,289.

What is the FHA loan limit in Ridgeland?

Ridgeland uses the FHA limit for all of Madison County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Ridgeland?

The typical homeowner in Ridgeland pays $1,909 a year, according to the U.S. Census Bureau. That is 0.69% of the home’s value; in Madison County, the rate is 0.68%.

Where can I find free help to buy or rent in Ridgeland?

We found no HUD-approved counseling agencies with an office in Madison County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).