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 | Harrison County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $174,954 | $119,791 | $242,182 |
| Price Trend (Annual %) | 9.6% | 5.1% | 8.2% |
| Median Gross Rent | $1,074 | $923 | $1,342 |
| Rent Trend (Annual %) | 3.6% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Harrison County is about 46% higher than in Mississippi. Rent is about 16% higher 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 Harrison County, up about 9.6% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Harrison County rose about 28.4% between 2015 and 2023, from $836 to $1,074. Over the same span, rent in Mississippi rose about 28.9%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Harrison County.
Buying the median-priced home in Harrison County costs roughly 13.6 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 Harrison County. The price-to-rent ratio in Mississippi is about 10.8.
| Metric | Harrison County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $174,954 | $119,791 | $242,182 |
| Median Household Income | $57,944 | $55,084 | $78,145 |
| Price-to-Income Ratio | 3.0 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Harrison County rose about 103.3%, while median household income rose about 30.2% 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 | Harrison County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.6% | 59.0% | 58.2% |
| Rental Rate | 34.2% | 25.9% | 31.3% |
| Vacancy Rate | 13.1% | 15.1% | 10.6% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Harrison County has a homeownership rate of 52.6%, lower than the Mississippi average of 59.0%. Its housing vacancy rate is 13.1%, compared with 15.1% in Mississippi.
Housing Stock
| Metric | Harrison County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1990 | 1985 | 1978 |
| Median Number of Rooms | 5.4 | 5.7 | 5.5 |
The typical housing unit in Harrison County was built around 1990. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Harrison County, Mississippi.
What is the median home price in Harrison County, Mississippi?
The median home price in Harrison County, Mississippi is $174,954, higher than the Mississippi average of $119,791.
What is the average home price in Harrison 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 Harrison County, Mississippi?
The median gross rent in Harrison County, Mississippi is $1,074 per month, higher than the Mississippi average of $923.
What was the median gross rent in Harrison County in 2020?
In 2020, the median gross rent in Harrison County, Mississippi was $910 per month.
What is the price-to-rent ratio in Harrison County, Mississippi?
The price-to-rent ratio in Harrison County, Mississippi is about 13.6, meaning it would take roughly 13.6 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 Harrison County.
Are home prices or rent rising faster in Harrison County, Mississippi?
Both home prices and rent are rising in Harrison County, up about 9.6% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Harrison County, Mississippi?
52.6% of households in Harrison County, Mississippi own their home, lower than the Mississippi average of 59.0%.
What is the vacancy rate in Harrison County, Mississippi?
The housing vacancy rate in Harrison County, Mississippi is 13.1%, lower than the Mississippi average of 15.1%.