Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$176,068+13.5% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 14% have cut their price
Income needed to buy, per year$38,168About 0.7× the local median income ($51,171): affordable for a typical household
Days on market88 daysSlower than a year ago: buyers have time to negotiate
The typical home in Covington County, MS is worth $176,068, up 13.5% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $177,445, so the area is 0.8% undervalued. It is a balanced market, leaning toward buyers: homes take about 88 days to sell, listings are up 18% from a year ago, 14% of listings have had a price cut. A household needs about $38,168 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $51,171. In the latest IRS figures, 17 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$176,068
Change in 1 year
+13.5%
Overvalued %
−0.8%
Show 6 more
Fair home value
$177,445
Change in 5 years
+18.0%
Home value to income
3.4×
Monthly mortgage payment (20% down)
$954
Income needed to afford it
$38,168
Property tax rate
0.59%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$905
Market activity
Listings vs a year ago
+17.9%
Days on market
88
Listings with a price cut
14.3%
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Homes for sale
33
Pending sales per 100 listings
15
Asking price per sq ft
$119
People and jobs
Median household income
$51,171
Population change (1 year)
−0.8%
Unemployment rate
3.5%
Show 4 more
Population
17,898
Income adjusted for cost of living
$61,209
Net moves in (IRS)
−17
Cost of living (US = 100)
83.6
Schools, risk and environment
School rating (1 to 10)
4.9
FEMA hazard risk score (0 to 100)
50.8
Flood risk score
42.2
Show 3 more
Wildfire risk score
55.6
Walkability (1 to 20)
4.9
Road, rail and air noise
53 dB
Questions people ask
Is Covington County, MS overvalued?
Home prices in Covington County, MS are slightly below what local incomes have historically supported: fair value is about $177,445, so the area is 0.8% undervalued.
Is Covington County, MS a buyer's or seller's market?
Covington County, MS is a balanced market, leaning toward buyers: homes take about 88 days to sell, listings are up 18% from a year ago, 14% of listings have had a price cut.
Are home prices going down in Covington County, MS?
Home values in Covington County, MS are up 13.5% over the last year.
How much do you need to earn to buy a home in Covington County, MS?
A household needs about $38,168 a year to afford the typical home in Covington County, MS at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $51,171.