Mississippi housing market
Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$194,531+2.2% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 18% have cut their price
Income needed to buy, per year$42,170About 0.7× the local median income ($59,301): affordable for a typical household
Days on market78 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+1.5%Zillow expects prices to rise slightly
The typical home in Mississippi is worth $194,531, up 2.2% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $209,040, so the area is 6.9% undervalued. It is a balanced market: homes take about 78 days to sell, listings are up 10% from a year ago, 18% of listings have had a price cut. Zillow expects prices to rise about 1.5% over the next year. A household needs about $42,170 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 $59,301. In the latest IRS figures, 3,037 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 | $194,531 |
| Change in 1 year | +2.2% |
| Overvalued % | −6.9% |
Show 7 more
| Fair home value | $209,040 |
| Change in 5 years | +11.3% |
| Zillow forecast, next 12 months | +1.5% |
| Home value to income | 3.3× |
| Monthly mortgage payment (20% down) | $1,054 |
| Income needed to afford it | $42,170 |
| Property tax rate | 0.72% |
Rent and investing
| HUD Fair Market Rent, 2 bedrooms | $1,089 |
Market activity
| Listings vs a year ago | +10.0% |
| Days on market | 78 |
| Listings with a price cut | 18.1% |
Show 3 more
| Homes for sale | 9,790 |
| Pending sales per 100 listings | 28 |
| Asking price per sq ft | $150 |
People and jobs
| Median household income | $59,301 |
| Population change (1 year) | +0.1% |
| Unemployment rate | 5.8% |
Show 4 more
| Population | 2,954,160 |
| Income adjusted for cost of living | $68,162 |
| Net moves in (IRS) | −3,037 |
| Cost of living (US = 100) | 87.0 |
Schools, risk and environment
| FEMA hazard risk score (0 to 100) | 71.3 |
| Unhealthy air days a year | 0 |
| Flood risk score | 63.9 |
Show 3 more
| Wildfire risk score | 58.4 |
| Walkability (1 to 20) | 5.8 |
| Road, rail and air noise | 53 dB |
Questions people ask
- Is Mississippi overvalued?
- Home prices in Mississippi are slightly below what local incomes have historically supported: fair value is about $209,040, so the area is 6.9% undervalued.
- Is Mississippi a buyer's or seller's market?
- Mississippi is a balanced market: homes take about 78 days to sell, listings are up 10% from a year ago, 18% of listings have had a price cut.
- Are home prices going down in Mississippi?
- Home values in Mississippi are up 2.2% over the last year. Zillow's forecast for the next 12 months is +1.5%.
- How much do you need to earn to buy a home in Mississippi?
- A household needs about $42,170 a year to afford the typical home in Mississippi at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $59,301.
Metro areas
Counties
Adams CountyAlcorn CountyAmite CountyAttala CountyBenton CountyBolivar CountyCalhoun CountyCarroll CountyChickasaw CountyChoctaw CountyClaiborne CountyClarke CountyClay CountyCoahoma CountyCopiah CountyCovington CountyDeSoto CountyForrest CountyFranklin CountyGeorge CountyGreene CountyGrenada CountyHancock CountyHarrison CountyHinds CountyHolmes CountyHumphreys CountyIssaquena CountyItawamba CountyJackson CountyJasper CountyJefferson CountyJefferson Davis CountyJones CountyKemper CountyLafayette CountyLamar CountyLauderdale CountyLawrence CountyLeake CountyLee CountyLeflore CountyLincoln CountyLowndes CountyMadison CountyMarion CountyMarshall CountyMonroe CountyMontgomery CountyNeshoba CountyNewton CountyNoxubee CountyOktibbeha CountyPanola CountyPearl River CountyPerry CountyPike CountyPontotoc CountyPrentiss CountyQuitman CountyRankin CountyScott CountySharkey CountySimpson CountySmith CountyStone CountySunflower CountyTallahatchie CountyTate CountyTippah CountyTishomingo CountyTunica CountyUnion CountyWalthall CountyWarren CountyWashington CountyWayne CountyWebster CountyWilkinson CountyWinston CountyYalobusha CountyYazoo County