Leflore County, Mississippi Housing Market Prices
Leflore 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 65% below the Mississippi median Cheaper than 74% of counties in Mississippi$45,000
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Median rent 28% below the Mississippi median Cheaper than 72% of counties in Mississippi$688
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Leflore County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $45,000 | $130,069 | $248,835 |
| Price Trend (Annual %) | 2.2% | 5.6% | 7.5% |
| Median Gross Rent | $688 | $954 | $1,407 |
| Rent Trend (Annual %) | 3.0% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Leflore County is about 65% lower than in Mississippi. Rent is about 28% 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 Leflore County, up about 2.2% and 3.0% a year respectively. Rent is changing faster.
Median rent in Leflore County rose about 24.8% between 2015 and 2024, from $551 to $688. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 1.3 yearly household incomes in Leflore County.
Buying the median-priced home in Leflore County costs roughly 5.4 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 Leflore County. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Leflore County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $45,000 | $130,069 | $248,835 |
| Median Household Income | $35,350 | $56,669 | $80,455 |
| Price-to-Income Ratio | 1.3 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Leflore County fell about 46.8%, while median household income rose about 64.6% 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 | Leflore County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 42.4% | 59.8% | 58.5% |
| Rental Rate | 38.4% | 25.6% | 31.2% |
| Vacancy Rate | 19.1% | 14.6% | 10.2% |
| Median Tenure (years) | 21.0 | 16.0 | 15.0 |
| Median Year Moved In | 2005 | 2010 | 2011 |
Leflore County has a homeownership rate of 42.4%, lower than the Mississippi average of 59.8%. Its housing vacancy rate is 19.1%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Leflore County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1972 | 1986 | 1978 |
| Median Number of Rooms | 5.3 | 5.7 | 5.5 |
The typical housing unit in Leflore County was built around 1972. On average, 2.6 people live in a home with about 5.3 rooms, staying for about 21.0 years on average.
Leflore County, MS Housing Compared With Nearby Counties
How Leflore County, MS compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Leflore County, MS | 27,141 | $45,000 #2/2 | $688 #2/2 | 52.4% #2/2 |
| Tallahatchie County, MS | 11,764 | $108,571 | $731 | 64.5% |
Frequently Asked Questions
Common questions about the housing market in Leflore County, Mississippi.
What is the median home price in Leflore County, Mississippi?
The median home price in Leflore County, Mississippi is $45,000, lower than the Mississippi average of $130,069.
What is the average home price in Leflore County, Mississippi?
The typical home price in Leflore County, Mississippi, reported as the median sale price, is $45,000. 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 Leflore County, Mississippi?
The median gross rent in Leflore County, Mississippi is $688 per month, lower than the Mississippi average of $954.
What was the median gross rent in Leflore County in 2020?
In 2020, the median gross rent in Leflore County, Mississippi was $593 per month.
What is the price-to-rent ratio in Leflore County, Mississippi?
The price-to-rent ratio in Leflore County, Mississippi is about 5.4, meaning it would take roughly 5.4 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 Leflore County.
Are home prices or rent rising faster in Leflore County, Mississippi?
Both home prices and rent are rising in Leflore County, up about 2.2% and 3.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Leflore County, Mississippi?
42.4% of households in Leflore County, Mississippi own their home, lower than the Mississippi average of 59.8%.
What is the vacancy rate in Leflore County, Mississippi?
The housing vacancy rate in Leflore County, Mississippi is 19.1%, higher than the Mississippi average of 14.6%.
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