The Most Affordable Neighborhoods in Mississippi by Home Value

These days, finding an affordable place to live in the Mississippi area can be challenging. Home prices in Mississippi are now at a median cost of $183,008, lower than the the United States average of $419,293.

The average cost of rent is $1,018/mo in Mississippi, primarily driven by the current value of real estate in the Mississippi area. In Mississippi, 30.00% of households rent, and 51.00% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Mississippi is $5,356 per month. Households that rent pay about 19.01% of their income on rent here. Mississippi’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the state.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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