Brandon, Mississippi Housing Market Prices
Brandon 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 156% above the Mississippi median$333,563
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Median rent 51% above the Mississippi median$1,438
Housing Market Overview
| Metric | Brandon | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $333,563 | $130,069 | $248,835 |
| Price Trend (Annual %) | 75.2% | 5.6% | 7.5% |
| Median Gross Rent | $1,438 | $954 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Brandon is about 156% higher than in Mississippi. Rent is about 51% higher than the Mississippi average.
Median Home and Rent Price Trends
Median Home Prices, 2016-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Brandon, up about 75.2% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Brandon rose about 49.8% between 2015 and 2024, from $960 to $1,438. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Brandon.
Buying the median-priced home in Brandon costs roughly 19.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Brandon. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Brandon | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $333,563 | $130,069 | $248,835 |
| Median Household Income | $91,113 | $56,669 | $80,455 |
| Price-to-Income Ratio | 3.7 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2016 and 2024, the median home price in Brandon rose about 105.9%, while median household income rose about 32.7% 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 | Brandon | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.6% | 59.8% | 58.5% |
| Rental Rate | 22.3% | 25.6% | 31.2% |
| Vacancy Rate | 5.2% | 14.6% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Brandon has a homeownership rate of 72.6%, higher than the Mississippi average of 59.8%. Its housing vacancy rate is 5.2%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Brandon | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1996 | 1986 | 1978 |
| Median Number of Rooms | 6.3 | 5.7 | 5.5 |
The typical housing unit in Brandon was built around 1996. On average, 2.5 people live in a home with about 6.3 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Brandon, Mississippi.
What is the median home price in Brandon, Mississippi?
The median home price in Brandon, Mississippi is $333,563, higher than the Mississippi average of $130,069.
What is the average home price in Brandon, Mississippi?
The typical home price in Brandon, Mississippi, reported as the median sale price, is $333,563. 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 Brandon, Mississippi?
The median gross rent in Brandon, Mississippi is $1,438 per month, higher than the Mississippi average of $954.
What was the median gross rent in Brandon in 2020?
In 2020, the median gross rent in Brandon, Mississippi was $1,067 per month.
What is the price-to-rent ratio in Brandon, Mississippi?
The price-to-rent ratio in Brandon, Mississippi is about 19.3, meaning it would take roughly 19.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Brandon.
Are home prices or rent rising faster in Brandon, Mississippi?
Both home prices and rent are rising in Brandon, up about 75.2% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Brandon, Mississippi?
72.6% of households in Brandon, Mississippi own their home, higher than the Mississippi average of 59.8%.
What is the vacancy rate in Brandon, Mississippi?
The housing vacancy rate in Brandon, Mississippi is 5.2%, lower than the Mississippi average of 14.6%.
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