Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Rankin area can be challenging. Home prices in Rankin are now at a median cost of $253,236, higher than the Mississippi average of $145,564.
The average cost of rent is $896/mo in Rankin, primarily driven by the current value of real estate in the Rankin area. While nearly 52.76% of residents own their homes outright in Rankin, 18.70% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rankin is $5,364 per month. Households that rent pay about 16.70% of their income on rent here. Rankin's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Gulde, MS: less expensive homes
- Fannin, MS: equally priced homes
- Brandon, MS: equally priced homes
- Robinhood, MS: less expensive homes
- Sherwood Forest, MS: less expensive homes
- Pelahatchie, MS: less expensive homes
- Flowood, MS: higher priced homes
- Whitfield, MS: less expensive homes
- Pearl, MS: less expensive homes
- Johns, MS: less expensive homes
Cities with Similar Populations
- Cecil, KY: less expensive homes
- Walum, ND: less expensive homes
- Wallagrass, ME: less expensive homes
- Waikoloa Village, HI: higher priced homes
- Vowells Mill, LA: less expensive homes
- Voca, TX: less expensive homes
- Violet, NC: less expensive homes
- Vining, KS: less expensive homes
- Vilas, SD: less expensive homes
- Viejo San Acacio, CO: less expensive homes
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