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 | Attala County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $288,629 | $119,791 | $242,182 |
| Price Trend (Annual %) | 61.7% | 5.1% | 8.2% |
| Median Gross Rent | $774 | $923 | $1,342 |
| Rent Trend (Annual %) | 5.8% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Attala County is about 141% higher than in Mississippi. Rent is about 16% lower than the Mississippi average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Attala County, up about 61.7% and 5.8% a year respectively. Home prices are changing faster.
Median rent in Attala County rose about 37.9% between 2015 and 2023, from $561 to $774. Over the same span, rent in Mississippi rose about 28.9%.
Affordability
On average, housing unit costs 6.1 yearly household incomes in Attala County.
Buying the median-priced home in Attala County costs roughly 31.1 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Attala County. The price-to-rent ratio in Mississippi is about 10.8.
| Metric | Attala County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $288,629 | $119,791 | $242,182 |
| Median Household Income | $47,493 | $55,084 | $78,145 |
| Price-to-Income Ratio | 6.1 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Attala County rose about 749.5%, while median household income rose about 57.9% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Attala County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.4% | 59.0% | 58.2% |
| Rental Rate | 18.2% | 25.9% | 31.3% |
| Vacancy Rate | 22.5% | 15.1% | 10.6% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Attala County has a homeownership rate of 59.4%, about the same as the Mississippi average of 59.0%. Its housing vacancy rate is 22.5%, compared with 15.1% in Mississippi.
Housing Stock
| Metric | Attala County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.68 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1982 | 1985 | 1978 |
| Median Number of Rooms | 5.4 | 5.7 | 5.5 |
The typical housing unit in Attala County was built around 1982. On average, 2.7 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 Attala County, Mississippi.
What is the median home price in Attala County, Mississippi?
The median home price in Attala County, Mississippi is $288,629, higher than the Mississippi average of $119,791.
What is the average home price in Attala 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 Attala County, Mississippi?
The median gross rent in Attala County, Mississippi is $774 per month, lower than the Mississippi average of $923.
What was the median gross rent in Attala County in 2020?
In 2020, the median gross rent in Attala County, Mississippi was $495 per month.
What is the price-to-rent ratio in Attala County, Mississippi?
The price-to-rent ratio in Attala County, Mississippi is about 31.1, meaning it would take roughly 31.1 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Attala County.
Are home prices or rent rising faster in Attala County, Mississippi?
Both home prices and rent are rising in Attala County, up about 61.7% and 5.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Attala County, Mississippi?
59.4% of households in Attala County, Mississippi own their home, higher than the Mississippi average of 59.0%.
What is the vacancy rate in Attala County, Mississippi?
The housing vacancy rate in Attala County, Mississippi is 22.5%, higher than the Mississippi average of 15.1%.