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 | Copiah County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $104,365 | $119,791 | $242,182 |
| Price Trend (Annual %) | 9.9% | 5.1% | 8.2% |
| Median Gross Rent | $681 | $923 | $1,342 |
| Rent Trend (Annual %) | 1.0% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Copiah County is about 13% lower than in Mississippi. Rent is about 26% 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 Copiah County, up about 9.9% and 1.0% a year respectively. Home prices are changing faster.
Median rent in Copiah County rose about 5.4% between 2015 and 2023, from $646 to $681. Over the same span, rent in Mississippi rose about 28.9%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Copiah County.
Buying the median-priced home in Copiah County costs roughly 12.8 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 Copiah County. The price-to-rent ratio in Mississippi is about 10.8.
| Metric | Copiah County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $104,365 | $119,791 | $242,182 |
| Median Household Income | $48,280 | $55,084 | $78,145 |
| Price-to-Income Ratio | 2.2 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Copiah County rose about 64.4%, while median household income rose about 36.1% 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 | Copiah County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.9% | 59.0% | 58.2% |
| Rental Rate | 20.6% | 25.9% | 31.3% |
| Vacancy Rate | 20.5% | 15.1% | 10.6% |
| Median Tenure (years) | 20.0 | 16.0 | 15.0 |
| Median Year Moved In | 2006 | 2010 | 2011 |
Copiah County has a homeownership rate of 58.9%, about the same as the Mississippi average of 59.0%. Its housing vacancy rate is 20.5%, compared with 15.1% in Mississippi.
Housing Stock
| Metric | Copiah County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.72 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1985 | 1985 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Copiah County was built around 1985. On average, 2.7 people live in a home with about 5.7 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Copiah County, Mississippi.
What is the median home price in Copiah County, Mississippi?
The median home price in Copiah County, Mississippi is $104,365, lower than the Mississippi average of $119,791.
What is the average home price in Copiah 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 Copiah County, Mississippi?
The median gross rent in Copiah County, Mississippi is $681 per month, lower than the Mississippi average of $923.
What was the median gross rent in Copiah County in 2020?
In 2020, the median gross rent in Copiah County, Mississippi was $663 per month.
What is the price-to-rent ratio in Copiah County, Mississippi?
The price-to-rent ratio in Copiah County, Mississippi is about 12.8, meaning it would take roughly 12.8 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 Copiah County.
Are home prices or rent rising faster in Copiah County, Mississippi?
Both home prices and rent are rising in Copiah County, up about 9.9% and 1.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Copiah County, Mississippi?
58.9% of households in Copiah County, Mississippi own their home, about the same as the Mississippi average.
What is the vacancy rate in Copiah County, Mississippi?
The housing vacancy rate in Copiah County, Mississippi is 20.5%, higher than the Mississippi average of 15.1%.