Benton County, Mississippi Housing Market Prices
Benton 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 74% below the Mississippi median Cheaper than 80% of counties in Mississippi$33,951
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Median rent 23% below the Mississippi median$730
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Benton County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $33,951 | $130,069 | $248,835 |
| Price Trend (Annual %) | 11.0% | 5.6% | 7.5% |
| Median Gross Rent | $730 | $954 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Benton County is about 74% lower than in Mississippi. Rent is about 23% lower than the Mississippi 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 Benton County, up about 11.0% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Benton County rose about 26.5% between 2015 and 2024, from $578 to $730. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 0.7 yearly household incomes in Benton County.
Buying the median-priced home in Benton County costs roughly 3.9 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 Benton County. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Benton County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $33,951 | $130,069 | $248,835 |
| Median Household Income | $46,468 | $56,669 | $80,455 |
| Price-to-Income Ratio | 0.7 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Benton County rose about 53.4%, while median household income rose about 50.7% between 2009 and 2025 — 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 | Benton County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.6% | 59.8% | 58.5% |
| Rental Rate | 10.5% | 25.6% | 31.2% |
| Vacancy Rate | 24.9% | 14.6% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Benton County has a homeownership rate of 64.6%, higher than the Mississippi average of 59.8%. Its housing vacancy rate is 24.9%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Benton County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1988 | 1986 | 1978 |
| Median Number of Rooms | 6.0 | 5.7 | 5.5 |
The typical housing unit in Benton County was built around 1988. On average, 2.4 people live in a home with about 6.0 rooms, staying for about 16.0 years on average.
Benton County, MS Housing Compared With Nearby Counties
Benton County, MS is the smallest of the 4 counties compared here, 7,589 residents against a local median of 33,979. Where Benton County, MS breaks from the counties next to it is median home price, sitting 81% below the local median of $177,591 at $33,951.
Median rent tells the same story from another angle: $730 against a local median of $867, 16% below it. The counties themselves spread $256,418 on median home price, so Benton County, MS sits at one end of an already wide local range rather than apart from it. Benton County, MS has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Benton County, MS | 7,589 | $33,951 #4/4 | $730 #4/4 | 86.0% #1/4 |
| Marshall County, MS | 33,979 | $177,591 | $867 | 79.1% |
| Hardeman County, TN | 25,433 | $166,145 | $812 | 71.7% |
| Fayette County, TN | 43,762 | $422,563 | $909 | 81.5% |
Frequently Asked Questions
Common questions about the housing market in Benton County, Mississippi.
What is the median home price in Benton County, Mississippi?
The median home price in Benton County, Mississippi is $33,951, lower than the Mississippi average of $130,069.
What is the average home price in Benton County, Mississippi?
The typical home price in Benton County, Mississippi, reported as the median sale price, is $33,951. 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 Benton County, Mississippi?
The median gross rent in Benton County, Mississippi is $730 per month, lower than the Mississippi average of $954.
What was the median gross rent in Benton County in 2020?
In 2020, the median gross rent in Benton County, Mississippi was $490 per month.
What is the price-to-rent ratio in Benton County, Mississippi?
The price-to-rent ratio in Benton County, Mississippi is about 3.9, meaning it would take roughly 3.9 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 Benton County.
Are home prices or rent rising faster in Benton County, Mississippi?
Both home prices and rent are rising in Benton County, up about 11.0% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Benton County, Mississippi?
64.6% of households in Benton County, Mississippi own their home, higher than the Mississippi average of 59.8%.
What is the vacancy rate in Benton County, Mississippi?
The housing vacancy rate in Benton County, Mississippi is 24.9%, higher than the Mississippi average of 14.6%.
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