The Most Affordable Neighborhoods in University, MS by Home Value

These days, finding an affordable place to live in the University area can be challenging. Home prices in University are now at a median cost of $160,621, lower than the Mississippi average of $183,008.

The average cost of rent is $991/mo in University, primarily driven by the current value of real estate in the University area. In University, 60.09% of households rent, and 44.90% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in University is $4,509 per month. Households that rent pay about 21.97% of their income on rent here. University’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.

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

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