Hattiesburg, Mississippi Housing Market Prices
Hattiesburg 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 36% above the Mississippi median$176,588
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Median rent 3% above the Mississippi median$981
Housing Market Overview
| Metric | Hattiesburg | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $176,588 | $130,069 | $248,835 |
| Price Trend (Annual %) | 0.5% | 5.6% | 7.5% |
| Median Gross Rent | $981 | $954 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hattiesburg is about 36% higher than in Mississippi. Rent is about 3% 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 Hattiesburg, up about 0.5% and 3.9% a year respectively. Rent is changing faster.
Median rent in Hattiesburg rose about 38.6% between 2015 and 2024, from $708 to $981. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 4.0 yearly household incomes in Hattiesburg.
Buying the median-priced home in Hattiesburg costs roughly 15.0 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 Hattiesburg. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Hattiesburg | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $176,588 | $130,069 | $248,835 |
| Median Household Income | $44,119 | $56,669 | $80,455 |
| Price-to-Income Ratio | 4.0 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hattiesburg rose about 13.6%, while median household income rose about 48.4% 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 | Hattiesburg | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 35.6% | 59.8% | 58.5% |
| Rental Rate | 52.9% | 25.6% | 31.2% |
| Vacancy Rate | 11.5% | 14.6% | 10.2% |
| Median Tenure (years) | 11.0 | 16.0 | 15.0 |
| Median Year Moved In | 2015 | 2010 | 2011 |
Hattiesburg has a homeownership rate of 35.6%, lower than the Mississippi average of 59.8%. Its housing vacancy rate is 11.5%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Hattiesburg | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.23 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1980 | 1986 | 1978 |
| Median Number of Rooms | 5.1 | 5.7 | 5.5 |
The typical housing unit in Hattiesburg was built around 1980. On average, 2.2 people live in a home with about 5.1 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Hattiesburg, Mississippi.
What is the median home price in Hattiesburg, Mississippi?
The median home price in Hattiesburg, Mississippi is $176,588, higher than the Mississippi average of $130,069.
What is the average home price in Hattiesburg, Mississippi?
The typical home price in Hattiesburg, Mississippi, reported as the median sale price, is $176,588. 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 Hattiesburg, Mississippi?
The median gross rent in Hattiesburg, Mississippi is $981 per month, higher than the Mississippi average of $954.
What was the median gross rent in Hattiesburg in 2020?
In 2020, the median gross rent in Hattiesburg, Mississippi was $795 per month.
What is the price-to-rent ratio in Hattiesburg, Mississippi?
The price-to-rent ratio in Hattiesburg, Mississippi is about 15.0, meaning it would take roughly 15.0 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 Hattiesburg.
Are home prices or rent rising faster in Hattiesburg, Mississippi?
Both home prices and rent are rising in Hattiesburg, up about 0.5% and 3.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Hattiesburg, Mississippi?
35.6% of households in Hattiesburg, Mississippi own their home, lower than the Mississippi average of 59.8%.
What is the vacancy rate in Hattiesburg, Mississippi?
The housing vacancy rate in Hattiesburg, Mississippi is 11.5%, lower than the Mississippi average of 14.6%.
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