Grenada County, Mississippi Housing Market Prices
Grenada 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 317% above the Mississippi median Among the 3 most expensive counties in Mississippi$542,500
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Median rent 15% below the Mississippi median$807
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Grenada County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $542,500 | $130,069 | $248,835 |
| Price Trend (Annual %) | 278.3% | 5.6% | 7.5% |
| Median Gross Rent | $807 | $954 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Grenada County is about 317% higher than in Mississippi. Rent is about 15% lower 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 Grenada County, up about 278.3% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Grenada County rose about 36.3% between 2015 and 2024, from $592 to $807. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 11.3 yearly household incomes in Grenada County.
Buying the median-priced home in Grenada County costs roughly 56.0 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 Grenada County. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Grenada County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $542,500 | $130,069 | $248,835 |
| Median Household Income | $48,140 | $56,669 | $80,455 |
| Price-to-Income Ratio | 11.3 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Grenada County rose about 826.2%, while median household income rose about 39.0% 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 | Grenada County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.0% | 59.8% | 58.5% |
| Rental Rate | 27.1% | 25.6% | 31.2% |
| Vacancy Rate | 19.0% | 14.6% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Grenada County has a homeownership rate of 54.0%, lower than the Mississippi average of 59.8%. Its housing vacancy rate is 19.0%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Grenada County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1984 | 1986 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Grenada County was built around 1984. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 17.0 years on average.
Grenada County, MS Housing Compared With Nearby Counties
How Grenada County, MS compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Grenada County, MS | 21,217 | $542,500 #1/3 | $807 #1/3 | 66.6% #2/3 |
| Tallahatchie County, MS | 11,764 | $108,571 | $731 | 64.5% |
| Calhoun County, MS | 12,852 | $49,294 | $663 | 72.2% |
Frequently Asked Questions
Common questions about the housing market in Grenada County, Mississippi.
What is the median home price in Grenada County, Mississippi?
The median home price in Grenada County, Mississippi is $542,500, higher than the Mississippi average of $130,069.
What is the average home price in Grenada County, Mississippi?
The typical home price in Grenada County, Mississippi, reported as the median sale price, is $542,500. 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 Grenada County, Mississippi?
The median gross rent in Grenada County, Mississippi is $807 per month, lower than the Mississippi average of $954.
What was the median gross rent in Grenada County in 2020?
In 2020, the median gross rent in Grenada County, Mississippi was $678 per month.
What is the price-to-rent ratio in Grenada County, Mississippi?
The price-to-rent ratio in Grenada County, Mississippi is about 56.0, meaning it would take roughly 56.0 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 Grenada County.
Are home prices or rent rising faster in Grenada County, Mississippi?
Both home prices and rent are rising in Grenada County, up about 278.3% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Grenada County, Mississippi?
54.0% of households in Grenada County, Mississippi own their home, lower than the Mississippi average of 59.8%.
What is the vacancy rate in Grenada County, Mississippi?
The housing vacancy rate in Grenada County, Mississippi is 19.0%, higher than the Mississippi average of 14.6%.
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