Hinds County, Mississippi Housing Market Prices
Hinds 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 22% below the Mississippi median$101,955
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Median rent 11% above the Mississippi median More expensive than 91% of counties in Mississippi$1,060
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hinds County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $101,955 | $130,069 | $248,835 |
| Price Trend (Annual %) | 1.7% | 5.6% | 7.5% |
| Median Gross Rent | $1,060 | $954 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hinds County is about 22% lower than in Mississippi. Rent is about 11% 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 Hinds County, up about 1.7% and 3.9% a year respectively. Rent is changing faster.
Median rent in Hinds County rose about 37.6% between 2015 and 2024, from $771 to $1,060. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Hinds County.
Buying the median-priced home in Hinds County costs roughly 8.0 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 Hinds County. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Hinds County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $101,955 | $130,069 | $248,835 |
| Median Household Income | $49,348 | $56,669 | $80,455 |
| Price-to-Income Ratio | 2.1 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hinds County fell about 3.4%, while median household income rose about 24.2% 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 | Hinds County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.1% | 59.8% | 58.5% |
| Rental Rate | 35.1% | 25.6% | 31.2% |
| Vacancy Rate | 15.8% | 14.6% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Hinds County has a homeownership rate of 49.1%, lower than the Mississippi average of 59.8%. Its housing vacancy rate is 15.8%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Hinds County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1980 | 1986 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Hinds County was built around 1980. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 16.0 years on average.
Hinds County, MS Housing Compared With Nearby Counties
Hinds County, MS is the largest of the 5 counties compared here, 218,428 residents against a local median of 77,330. Hinds County, MS's homeownership, at 58.3%, runs 20% below the 72.9% typical of the counties around it. That is the weaker end of the local range on this measure.
The counties themselves sit within 7.0% of each other on homeownership, a tighter band than the gap between any of them and Hinds County, MS, which makes it a genuine outlier here rather than one end of a wide local spread. Hinds County, MS has the 5th highest homeownership of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hinds County, MS | 218,428 | $101,955 #3/5 | $1,060 #3/5 | 58.3% #5/5 |
| Copiah County, MS | 27,855 | $98,699 | $766 | 74.4% |
| Warren County, MS | 43,020 | $97,454 | $887 | 69.9% |
| Rankin County, MS | 158,854 | $125,446 | $1,270 | 76.8% |
| Madison County, MS | 111,640 | $212,500 | $1,185 | 71.3% |
Frequently Asked Questions
Common questions about the housing market in Hinds County, Mississippi.
What is the median home price in Hinds County, Mississippi?
The median home price in Hinds County, Mississippi is $101,955, lower than the Mississippi average of $130,069.
What is the average home price in Hinds County, Mississippi?
The typical home price in Hinds County, Mississippi, reported as the median sale price, is $101,955. 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 Hinds County, Mississippi?
The median gross rent in Hinds County, Mississippi is $1,060 per month, higher than the Mississippi average of $954.
What was the median gross rent in Hinds County in 2020?
In 2020, the median gross rent in Hinds County, Mississippi was $874 per month.
What is the price-to-rent ratio in Hinds County, Mississippi?
The price-to-rent ratio in Hinds County, Mississippi is about 8.0, meaning it would take roughly 8.0 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 Hinds County.
Are home prices or rent rising faster in Hinds County, Mississippi?
Both home prices and rent are rising in Hinds County, up about 1.7% and 3.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Hinds County, Mississippi?
49.1% of households in Hinds County, Mississippi own their home, lower than the Mississippi average of 59.8%.
What is the vacancy rate in Hinds County, Mississippi?
The housing vacancy rate in Hinds County, Mississippi is 15.8%, higher than the Mississippi average of 14.6%.
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