Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$159,366−0.4% YoY · prices are flat
Market right nowBuyer's marketMore homes for sale than last year, 11% have cut their price
Income needed to buy, per year$34,547About 0.6× the local median income ($55,167): affordable for a typical household
Days on market88 daysFaster than a year ago: sellers have the edge
Next 12 months+1.7%Zillow expects prices to rise slightly
The typical home in Simpson County, MS is worth $159,366, about the same as a year ago. That is well below what local incomes have historically supported: fair value is about $196,650, so the area is 19.0% undervalued. It is a buyer's market: homes take about 88 days to sell, listings are up 29% from a year ago, 11% of listings have had a price cut. Zillow expects prices to rise about 1.7% over the next year. A household needs about $34,547 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 $55,167. In the latest IRS figures, 22 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
$159,366
Change in 1 year
−0.4%
Overvalued %
−19.0%
Show 7 more
Fair home value
$196,650
Change in 5 years
−7.3%
Zillow forecast, next 12 months
+1.7%
Home value to income
2.9×
Monthly mortgage payment (20% down)
$864
Income needed to afford it
$34,547
Property tax rate
0.61%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$905
Market activity
Listings vs a year ago
+28.8%
Days on market
88
Listings with a price cut
10.8%
Show 3 more
Homes for sale
76
Pending sales per 100 listings
16
Asking price per sq ft
$125
People and jobs
Median household income
$55,167
Population change (1 year)
−0.5%
Unemployment rate
4.3%
Show 4 more
Population
25,498
Income adjusted for cost of living
$61,985
Net moves in (IRS)
−22
Cost of living (US = 100)
89.0
Schools, risk and environment
School rating (1 to 10)
4.7
FEMA hazard risk score (0 to 100)
51.0
Flood risk score
51.6
Show 3 more
Wildfire risk score
48.1
Walkability (1 to 20)
4.4
Road, rail and air noise
53 dB
Questions people ask
Is Simpson County, MS overvalued?
Home prices in Simpson County, MS are well below what local incomes have historically supported: fair value is about $196,650, so the area is 19.0% undervalued.
Is Simpson County, MS a buyer's or seller's market?
Simpson County, MS is a buyer's market: homes take about 88 days to sell, listings are up 29% from a year ago, 11% of listings have had a price cut.
Are home prices going down in Simpson County, MS?
Home values in Simpson County, MS are down 0.4% 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 Simpson County, MS?
A household needs about $34,547 a year to afford the typical home in Simpson County, MS at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $55,167.