Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$271,112+3.4% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 21% have cut their price
Income needed to buy, per year$58,772About 0.7× the local median income ($84,139): affordable for a typical household
Days on market73 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+1.7%Zillow expects prices to rise slightly
The typical home in Rankin County, MS is worth $271,112, up 3.4% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $265,830, so the area is 2.0% overvalued. It is a balanced market, leaning toward buyers: homes take about 73 days to sell, listings are up 3% from a year ago, 21% of listings have had a price cut. Zillow expects prices to rise about 1.7% over the next year. A household needs about $58,772 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 $84,139. Typical rent is $1,669 a month, or $1,787 for a house. In the latest IRS figures, 192 more people moved in than out.
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
$271,112
Change in 1 year
+3.4%
Overvalued %
+2.0%
Show 7 more
Fair home value
$265,830
Change in 5 years
+23.7%
Zillow forecast, next 12 months
+1.7%
Home value to income
3.2×
Monthly mortgage payment (20% down)
$1,469
Income needed to afford it
$58,772
Property tax rate
0.60%
Rent and investing
Typical rent
$1,669
Typical rent for houses
$1,787
Price-to-rent ratio
13.5×
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HUD Fair Market Rent, 2 bedrooms
$1,289
Gross rental yield
7.39%
Cap rate (estimate)
4.80%
Market activity
Listings vs a year ago
+2.8%
Days on market
73
Listings with a price cut
21.1%
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Homes for sale
523
Pending sales per 100 listings
37
Asking price per sq ft
$169
People and jobs
Median household income
$84,139
Population change (1 year)
+0.8%
Unemployment rate
4.3%
Show 4 more
Population
162,181
Income adjusted for cost of living
$94,538
Net moves in (IRS)
+192
Cost of living (US = 100)
89.0
Schools, risk and environment
School rating (1 to 10)
8.3
FEMA hazard risk score (0 to 100)
85.0
Flood risk score
79.6
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Wildfire risk score
55.2
Walkability (1 to 20)
6.2
Road, rail and air noise
53 dB
Questions people ask
Is Rankin County, MS overvalued?
Home prices in Rankin County, MS are slightly above what local incomes have historically supported: fair value is about $265,830, so the area is 2.0% overvalued.
Is Rankin County, MS a buyer's or seller's market?
Rankin County, MS is a balanced market, leaning toward buyers: homes take about 73 days to sell, listings are up 3% from a year ago, 21% of listings have had a price cut.
Are home prices going down in Rankin County, MS?
Home values in Rankin County, MS are up 3.4% over the last year. Zillow's forecast for the next 12 months is +1.7%.
How much do you need to earn to buy a home in Rankin County, MS?
A household needs about $58,772 a year to afford the typical home in Rankin County, MS at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $84,139.