Greene County, Mississippi Housing Market Prices
Greene 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 24% above the Mississippi median$161,380
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Median rent 16% below the Mississippi median$802
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Greene County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $161,380 | $130,069 | $248,835 |
| Price Trend (Annual %) | 6.0% | 5.6% | 7.5% |
| Median Gross Rent | $802 | $954 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Greene County is about 24% higher than in Mississippi. Rent is about 16% lower than the Mississippi average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Greene County, up about 6.0% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Greene County rose about 39.3% between 2015 and 2024, from $576 to $802. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Greene County.
Buying the median-priced home in Greene County costs roughly 16.8 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 Greene County. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Greene County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $161,380 | $130,069 | $248,835 |
| Median Household Income | $53,651 | $56,669 | $80,455 |
| Price-to-Income Ratio | 3.0 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Greene County rose about 47.2%, while median household income rose about 38.9% 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 | Greene County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.0% | 59.8% | 58.5% |
| Rental Rate | 14.1% | 25.6% | 31.2% |
| Vacancy Rate | 20.8% | 14.6% | 10.2% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Greene County has a homeownership rate of 65.0%, higher than the Mississippi average of 59.8%. Its housing vacancy rate is 20.8%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Greene County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1986 | 1986 | 1978 |
| Median Number of Rooms | 5.4 | 5.7 | 5.5 |
The typical housing unit in Greene County was built around 1986. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 19.0 years on average.
Greene County, MS Housing Compared With Nearby Counties
Greene County, MS is the smallest of the 4 counties compared here, 13,615 residents against a local median of 19,718. Nothing separates Greene County, MS sharply from the counties around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is median home price, 6% above the local median at $161,380 against $151,620. Greene County, MS has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Greene County, MS | 13,615 | $161,380 #2/4 | $802 #2/4 | 82.2% #3/4 |
| Wayne County, MS | 19,718 | $50,595 | $783 | 85.3% |
| Washington County, AL | 15,143 | $151,620 | $655 | 85.8% |
| Forrest County, MS | 78,271 | $258,536 | $972 | 57.2% |
Frequently Asked Questions
Common questions about the housing market in Greene County, Mississippi.
What is the median home price in Greene County, Mississippi?
The median home price in Greene County, Mississippi is $161,380, higher than the Mississippi average of $130,069.
What is the average home price in Greene County, Mississippi?
The typical home price in Greene County, Mississippi, reported as the median sale price, is $161,380. 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 Greene County, Mississippi?
The median gross rent in Greene County, Mississippi is $802 per month, lower than the Mississippi average of $954.
What was the median gross rent in Greene County in 2020?
In 2020, the median gross rent in Greene County, Mississippi was $627 per month.
What is the price-to-rent ratio in Greene County, Mississippi?
The price-to-rent ratio in Greene County, Mississippi is about 16.8, meaning it would take roughly 16.8 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 Greene County.
Are home prices or rent rising faster in Greene County, Mississippi?
Both home prices and rent are rising in Greene County, up about 6.0% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Greene County, Mississippi?
65.0% of households in Greene County, Mississippi own their home, higher than the Mississippi average of 59.8%.
What is the vacancy rate in Greene County, Mississippi?
The housing vacancy rate in Greene County, Mississippi is 20.8%, higher than the Mississippi average of 14.6%.
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