Itawamba County, Mississippi Housing Market Prices
Itawamba 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 87% above the Mississippi median More expensive than 81% of counties in Mississippi$242,646
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Median rent 15% below the Mississippi median$810
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Itawamba County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $242,646 | $130,069 | $248,835 |
| Price Trend (Annual %) | 42.5% | 5.6% | 7.5% |
| Median Gross Rent | $810 | $954 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Itawamba County is about 87% higher than in Mississippi. Rent is about 15% 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 Itawamba County, up about 42.5% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Itawamba County rose about 28.7% between 2015 and 2024, from $630 to $810. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 4.2 yearly household incomes in Itawamba County.
Buying the median-priced home in Itawamba County costs roughly 25.0 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 Itawamba County. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Itawamba County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $242,646 | $130,069 | $248,835 |
| Median Household Income | $57,203 | $56,669 | $80,455 |
| Price-to-Income Ratio | 4.2 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Itawamba County rose about 275.1%, while median household income rose about 43.3% 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 | Itawamba County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.1% | 59.8% | 58.5% |
| Rental Rate | 19.2% | 25.6% | 31.2% |
| Vacancy Rate | 8.7% | 14.6% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Itawamba County has a homeownership rate of 72.1%, higher than the Mississippi average of 59.8%. Its housing vacancy rate is 8.7%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Itawamba County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1983 | 1986 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Itawamba County was built around 1983. On average, 2.4 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Itawamba County, MS Housing Compared With Nearby Counties
Itawamba County, MS is the smallest of the 4 counties compared here, 24,036 residents against a local median of 33,747. Itawamba County, MS's median home price, at $242,646, runs 49% above the $162,980 typical of the counties around it.
The counties themselves spread $105,440 on median home price, so Itawamba County, MS sits at one end of an already wide local range rather than apart from it. Itawamba County, MS has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Itawamba County, MS | 24,036 | $242,646 #1/4 | $810 #2/4 | 79.0% #1/4 |
| Lee County, MS | 83,034 | $162,980 | $956 | 70.8% |
| Monroe County, MS | 33,747 | $215,625 | $768 | 76.3% |
| Marion County, AL | 29,184 | $110,185 | $629 | 76.8% |
Frequently Asked Questions
Common questions about the housing market in Itawamba County, Mississippi.
What is the median home price in Itawamba County, Mississippi?
The median home price in Itawamba County, Mississippi is $242,646, higher than the Mississippi average of $130,069.
What is the average home price in Itawamba County, Mississippi?
The typical home price in Itawamba County, Mississippi, reported as the median sale price, is $242,646. 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 Itawamba County, Mississippi?
The median gross rent in Itawamba County, Mississippi is $810 per month, lower than the Mississippi average of $954.
What was the median gross rent in Itawamba County in 2020?
In 2020, the median gross rent in Itawamba County, Mississippi was $720 per month.
What is the price-to-rent ratio in Itawamba County, Mississippi?
The price-to-rent ratio in Itawamba County, Mississippi is about 25.0, meaning it would take roughly 25.0 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 Itawamba County.
Are home prices or rent rising faster in Itawamba County, Mississippi?
Both home prices and rent are rising in Itawamba County, up about 42.5% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Itawamba County, Mississippi?
72.1% of households in Itawamba County, Mississippi own their home, higher than the Mississippi average of 59.8%.
What is the vacancy rate in Itawamba County, Mississippi?
The housing vacancy rate in Itawamba County, Mississippi is 8.7%, lower than the Mississippi average of 14.6%.
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