DeSoto County, Mississippi Housing Market Prices
DeSoto 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 5% above the Mississippi median$136,029
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Median rent 52% above the Mississippi median Most expensive county in Mississippi$1,451
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | DeSoto County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $136,029 | $130,069 | $248,835 |
| Price Trend (Annual %) | 1.9% | 5.6% | 7.5% |
| Median Gross Rent | $1,451 | $954 | $1,407 |
| Rent Trend (Annual %) | 5.1% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in DeSoto County is about 5% higher than in Mississippi. Rent is about 52% higher 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 DeSoto County, up about 1.9% and 5.1% a year respectively. Rent is changing faster.
Median rent in DeSoto County rose about 51.5% between 2015 and 2024, from $957 to $1,451. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in DeSoto County.
Buying the median-priced home in DeSoto County costs roughly 7.8 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 DeSoto County. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | DeSoto County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $136,029 | $130,069 | $248,835 |
| Median Household Income | $85,458 | $56,669 | $80,455 |
| Price-to-Income Ratio | 1.6 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in DeSoto County rose about 4.1%, while median household income rose about 39.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | DeSoto County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.3% | 59.8% | 58.5% |
| Rental Rate | 20.8% | 25.6% | 31.2% |
| Vacancy Rate | 5.9% | 14.6% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
DeSoto County has a homeownership rate of 73.3%, higher than the Mississippi average of 59.8%. Its housing vacancy rate is 5.9%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | DeSoto County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.68 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1989 | 1986 | 1978 |
| Median Number of Rooms | 6.3 | 5.7 | 5.5 |
The typical housing unit in DeSoto County was built around 1989. On average, 2.7 people live in a home with about 6.3 rooms, staying for about 14.0 years on average.
DeSoto County, MS Housing Compared With Nearby Counties
DeSoto County, MS is the 2nd largest of the 4 counties compared here, 191,302 residents against a local median of 47,563. DeSoto County, MS's median rent, at $1,451, runs 58% above the $920 typical of the counties around it.
Homeownership tells the same story from another angle: 77.9% against a local median of 57.0%, 37% above it. The one measure here that carries a verdict is homeownership, and at 37% above the local median it puts DeSoto County, MS at the better end of the local range. The counties themselves spread $364 on median rent, so DeSoto County, MS sits at one end of an already wide local range rather than apart from it. DeSoto County, MS has the highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| DeSoto County, MS | 191,302 | $136,029 #4/4 | $1,451 #1/4 | 77.9% #2/4 |
| Shelby County, TN | 918,438 | $250,964 | $1,231 | 54.1% |
| Crittenden County, AR | 47,563 | $164,627 | $920 | 57.0% |
| Marshall County, MS | 33,979 | $177,591 | $867 | 79.1% |
Frequently Asked Questions
Common questions about the housing market in DeSoto County, Mississippi.
What is the median home price in DeSoto County, Mississippi?
The median home price in DeSoto County, Mississippi is $136,029, higher than the Mississippi average of $130,069.
What is the average home price in DeSoto County, Mississippi?
The typical home price in DeSoto County, Mississippi, reported as the median sale price, is $136,029. 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 DeSoto County, Mississippi?
The median gross rent in DeSoto County, Mississippi is $1,451 per month, higher than the Mississippi average of $954.
What was the median gross rent in DeSoto County in 2020?
In 2020, the median gross rent in DeSoto County, Mississippi was $1,073 per month.
What is the price-to-rent ratio in DeSoto County, Mississippi?
The price-to-rent ratio in DeSoto County, Mississippi is about 7.8, meaning it would take roughly 7.8 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 DeSoto County.
Are home prices or rent rising faster in DeSoto County, Mississippi?
Both home prices and rent are rising in DeSoto County, up about 1.9% and 5.1% a year respectively. Rent is changing faster.
What is the homeownership rate in DeSoto County, Mississippi?
73.3% of households in DeSoto County, Mississippi own their home, higher than the Mississippi average of 59.8%.
What is the vacancy rate in DeSoto County, Mississippi?
The housing vacancy rate in DeSoto County, Mississippi is 5.9%, lower than the Mississippi average of 14.6%.
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