Historical data
Pick an indicator to see its long-run evolution.
Median home value
1990–2024Census / Zillow ZHVI, nominal dollars.
Home Prices
The median home sale price in Mississippi is about $175,000, the lowest of any U.S. state.
FHFA House Price Index
1975–2025FHFA all-transactions index, annual average of quarters. Source: FHFA via FRED (MSSTHPI).
| Indicator | Mississippi | U.S. |
|---|---|---|
| Median home price | 175000 | 417000 |
- •Mississippi has had the lowest median home price of any state for many consecutive years.
Median Home Value
Mississippi has among the cheapest housing in the country, with a median home value near $171,000.
Median value of owner-occupied homes
2008–2024Census American Community Survey 1-year estimates, B25077 (2020 not released).
| Indicator | Mississippi | U.S. |
|---|---|---|
| Median home value (USD) | 171000 | 340000 |
Rent Prices
The median monthly rent in Mississippi is about $900, the lowest in the nation.
Rent of primary residence index (South region)
2006–2025BLS CPI-U, South region, annual average (CUUR0300SEHA).
| Indicator | Mississippi | U.S. |
|---|---|---|
| Median rent | 900 | 1350 |
- •Mississippi has consistently reported the lowest median rent of any U.S. state.
Housing Inventory
Mississippi has approximately 1.33 million total housing units statewide.
Total housing units
2008–2024Census American Community Survey 1-year estimates, B25001 (2020 not released).
Vacant housing units
2008–2024Census American Community Survey 1-year estimates, B25002 (2020 not released).
- •A larger-than-average share of Mississippi's housing stock consists of manufactured homes.
Building Permits
Mississippi authorized roughly 6,000 new housing units in 2023.
New private housing units authorized
1988–2025Census Building Permits Survey, sum of 12 months (FRED MSBPPRIV).
- •New housing construction in Mississippi is concentrated along the Gulf Coast and DeSoto County.
Homeownership Rate
About 70.6% of Mississippi households own their home, one of the highest rates in the country.
Homeownership rate (CPS/HVS)
1984–2025Census Housing Vacancy Survey, annual (FRED MSHOWN).
| Indicator | Mississippi | U.S. |
|---|---|---|
| Homeownership rate | 70.6 | 65.7 |
- •Mississippi's high homeownership rate coexists with some of the nation's lowest home values.
Housing Affordability
Mississippi's median home price is about 3.2 times median household income, among the most affordable in the U.S.
Housing price level vs U.S. (RPP rents)
2008–2024BEA Regional Price Parities, housing services (SARPP line 3).
| Indicator | Mississippi | U.S. |
|---|---|---|
| Housing price level vs U.S. (RPP rents)2024, BEA Regional Price Parities | 56.5 | 100 |
- •Mississippi routinely ranks as one of the most affordable states for homebuyers by income ratio.
Vacancy Rate
Mississippi's rental vacancy rate is about 10.5%, above the national average.
Rental vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED MSRVAC).
Homeowner vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED MSHVAC).
- •Higher rental vacancy in Mississippi partly reflects population loss in some rural Delta counties.