Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Amite County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $9,666 | $119,791 | $242,182 |
| Price Trend (Annual %) | -4.7% | 5.1% | 8.2% |
| Median Gross Rent | $688 | $923 | $1,342 |
| Rent Trend (Annual %) | 1.7% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Amite County is about 92% lower than in Mississippi. Rent is about 25% lower than the Mississippi average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Amite County: home prices fell about 4.7% a year while rent rose about 1.7% a year. That is an unusual pattern worth watching.
Median rent in Amite County rose about 11.1% between 2015 and 2023, from $620 to $688. Over the same span, rent in Mississippi rose about 28.9%.
Affordability
On average, housing unit costs 0.3 yearly household incomes in Amite County.
Buying the median-priced home in Amite County costs roughly 1.2 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 Amite County. The price-to-rent ratio in Mississippi is about 10.8.
| Metric | Amite County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $9,666 | $119,791 | $242,182 |
| Median Household Income | $35,249 | $55,084 | $78,145 |
| Price-to-Income Ratio | 0.3 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Amite County fell about 92.3%, while median household income rose about 29.2% between 2009 and 2023 — 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 | Amite County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.0% | 59.0% | 58.2% |
| Rental Rate | 13.5% | 25.9% | 31.3% |
| Vacancy Rate | 19.6% | 15.1% | 10.6% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Amite County has a homeownership rate of 67.0%, higher than the Mississippi average of 59.0%. Its housing vacancy rate is 19.6%, compared with 15.1% in Mississippi.
Housing Stock
| Metric | Amite County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.14 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1983 | 1985 | 1978 |
| Median Number of Rooms | 5.4 | 5.7 | 5.5 |
The typical housing unit in Amite County was built around 1983. On average, 2.1 people live in a home with about 5.4 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Amite County, Mississippi.
What is the median home price in Amite County, Mississippi?
The median home price in Amite County, Mississippi is $9,666, lower than the Mississippi average of $119,791.
What is the average home price in Amite County, Mississippi?
The typical home price in %s, reported as the median sale price, is %s. 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 Amite County, Mississippi?
The median gross rent in Amite County, Mississippi is $688 per month, lower than the Mississippi average of $923.
What was the median gross rent in Amite County in 2020?
In 2020, the median gross rent in Amite County, Mississippi was $670 per month.
What is the price-to-rent ratio in Amite County, Mississippi?
The price-to-rent ratio in Amite County, Mississippi is about 1.2, meaning it would take roughly 1.2 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 Amite County.
Are home prices or rent rising faster in Amite County, Mississippi?
Home prices and rent are moving in opposite directions in Amite County: home prices fell about 4.7% a year while rent rose about 1.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Amite County, Mississippi?
67.0% of households in Amite County, Mississippi own their home, higher than the Mississippi average of 59.0%.
What is the vacancy rate in Amite County, Mississippi?
The housing vacancy rate in Amite County, Mississippi is 19.6%, higher than the Mississippi average of 15.1%.