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 | Calhoun County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $269,578 | $119,791 | $242,182 |
| Price Trend (Annual %) | 44.7% | 5.1% | 8.2% |
| Median Gross Rent | $673 | $923 | $1,342 |
| Rent Trend (Annual %) | 3.8% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Calhoun County is about 125% higher than in Mississippi. Rent is about 27% 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 Calhoun County, up about 44.7% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Calhoun County rose about 30.8% between 2015 and 2023, from $515 to $673. Over the same span, rent in Mississippi rose about 28.9%.
Affordability
On average, housing unit costs 6.2 yearly household incomes in Calhoun County.
Buying the median-priced home in Calhoun County costs roughly 33.4 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 Calhoun County. The price-to-rent ratio in Mississippi is about 10.8.
| Metric | Calhoun County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $269,578 | $119,791 | $242,182 |
| Median Household Income | $43,793 | $55,084 | $78,145 |
| Price-to-Income Ratio | 6.2 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Calhoun County rose about 858.5%, while median household income rose about 59.3% 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 | Calhoun County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.9% | 59.0% | 58.2% |
| Rental Rate | 22.6% | 25.9% | 31.3% |
| Vacancy Rate | 15.5% | 15.1% | 10.6% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Calhoun County has a homeownership rate of 61.9%, higher than the Mississippi average of 59.0%. Its housing vacancy rate is 15.5%, compared with 15.1% in Mississippi.
Housing Stock
| Metric | Calhoun County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.22 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1981 | 1985 | 1978 |
| Median Number of Rooms | 5.3 | 5.7 | 5.5 |
The typical housing unit in Calhoun County was built around 1981. On average, 2.2 people live in a home with about 5.3 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Calhoun County, Mississippi.
What is the median home price in Calhoun County, Mississippi?
The median home price in Calhoun County, Mississippi is $269,578, higher than the Mississippi average of $119,791.
What is the average home price in Calhoun 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 Calhoun County, Mississippi?
The median gross rent in Calhoun County, Mississippi is $673 per month, lower than the Mississippi average of $923.
What was the median gross rent in Calhoun County in 2020?
In 2020, the median gross rent in Calhoun County, Mississippi was $562 per month.
What is the price-to-rent ratio in Calhoun County, Mississippi?
The price-to-rent ratio in Calhoun County, Mississippi is about 33.4, meaning it would take roughly 33.4 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 Calhoun County.
Are home prices or rent rising faster in Calhoun County, Mississippi?
Both home prices and rent are rising in Calhoun County, up about 44.7% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Calhoun County, Mississippi?
61.9% of households in Calhoun County, Mississippi own their home, higher than the Mississippi average of 59.0%.
What is the vacancy rate in Calhoun County, Mississippi?
The housing vacancy rate in Calhoun County, Mississippi is 15.5%, higher than the Mississippi average of 15.1%.