Mississippi County, Arkansas Housing Market Prices
Mississippi County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 54% below the Arkansas median Cheaper than 72% of counties in Arkansas$51,419
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Median rent 12% below the Arkansas median$830
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Mississippi County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $51,419 | $111,957 | $248,835 |
| Price Trend (Annual %) | 9.3% | 3.4% | 7.5% |
| Median Gross Rent | $830 | $947 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mississippi County is about 54% lower than in Arkansas. Rent is about 12% lower than the Arkansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Mississippi County, up about 9.3% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Mississippi County rose about 33.1% between 2015 and 2024, from $624 to $830. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Mississippi County.
Buying the median-priced home in Mississippi County costs roughly 5.2 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Mississippi County. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Mississippi County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $51,419 | $111,957 | $248,835 |
| Median Household Income | $52,315 | $60,940 | $80,455 |
| Price-to-Income Ratio | 1.0 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mississippi County fell about 18.4%, while median household income rose about 48.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Mississippi County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 48.4% | 57.4% | 58.5% |
| Rental Rate | 32.4% | 29.0% | 31.2% |
| Vacancy Rate | 19.2% | 13.5% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Mississippi County has a homeownership rate of 48.4%, lower than the Arkansas average of 57.4%. Its housing vacancy rate is 19.2%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Mississippi County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1979 | 1987 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Mississippi County was built around 1979. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 15.0 years on average.
Mississippi County, AR Housing Compared With Nearby Counties
Mississippi County, AR is typical in size for this group, 39,080 residents against a local median of 42,419, so the measures below are close to a like for like comparison. Where Mississippi County, AR breaks from the counties next to it is median home price, sitting 73% below the local median of $189,778 at $51,419.
The counties themselves spread $299,246 on median home price, so Mississippi County, AR sits at one end of an already wide local range rather than apart from it. Mississippi County, AR has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Mississippi County, AR | 39,080 | $51,419 #4/5 | $830 #3/5 | 59.9% #4/5 |
| Tipton County, TN | 61,301 | $333,403 | $1,012 | 76.3% |
| Dunklin County, MO | 23,538 | $157,211 | $647 | 62.3% |
| Pemiscot County, MO | 14,958 | $34,156 | $694 | 55.2% |
| Craighead County, AR | 113,245 | $222,346 | $957 | 60.1% |
Frequently Asked Questions
Common questions about the housing market in Mississippi County, Arkansas.
What is the median home price in Mississippi County, Arkansas?
The median home price in Mississippi County, Arkansas is $51,419, lower than the Arkansas average of $111,957.
What is the average home price in Mississippi County, Arkansas?
The typical home price in Mississippi County, Arkansas, reported as the median sale price, is $51,419. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Mississippi County, Arkansas?
The median gross rent in Mississippi County, Arkansas is $830 per month, lower than the Arkansas average of $947.
What was the median gross rent in Mississippi County in 2020?
In 2020, the median gross rent in Mississippi County, Arkansas was $655 per month.
What is the price-to-rent ratio in Mississippi County, Arkansas?
The price-to-rent ratio in Mississippi County, Arkansas is about 5.2, meaning it would take roughly 5.2 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Mississippi County.
Are home prices or rent rising faster in Mississippi County, Arkansas?
Both home prices and rent are rising in Mississippi County, up about 9.3% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Mississippi County, Arkansas?
48.4% of households in Mississippi County, Arkansas own their home, lower than the Arkansas average of 57.4%.
What is the vacancy rate in Mississippi County, Arkansas?
The housing vacancy rate in Mississippi County, Arkansas is 19.2%, higher than the Arkansas average of 13.5%.
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