Marshall County, Mississippi Housing Market Prices
Marshall 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 37% above the Mississippi median More expensive than 73% of counties in Mississippi$177,591
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Median rent 9% below the Mississippi median More expensive than 72% of counties in Mississippi$867
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Marshall County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $177,591 | $130,069 | $248,835 |
| Price Trend (Annual %) | 12.6% | 5.6% | 7.5% |
| Median Gross Rent | $867 | $954 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Marshall County is about 37% higher than in Mississippi. Rent is about 9% 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 Marshall County, up about 12.6% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Marshall County rose about 28.3% between 2015 and 2024, from $676 to $867. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Marshall County.
Buying the median-priced home in Marshall County costs roughly 17.1 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Marshall County. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Marshall County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $177,591 | $130,069 | $248,835 |
| Median Household Income | $53,460 | $56,669 | $80,455 |
| Price-to-Income Ratio | 3.3 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Marshall County rose about 144.0%, while median household income rose about 50.0% 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 | Marshall County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.2% | 59.8% | 58.5% |
| Rental Rate | 17.7% | 25.6% | 31.2% |
| Vacancy Rate | 15.0% | 14.6% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Marshall County has a homeownership rate of 67.2%, higher than the Mississippi average of 59.8%. Its housing vacancy rate is 15.0%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Marshall County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1994 | 1986 | 1978 |
| Median Number of Rooms | 5.9 | 5.7 | 5.5 |
The typical housing unit in Marshall County was built around 1994. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 18.0 years on average.
Marshall County, MS Housing Compared With Nearby Counties
Marshall County, MS is the smallest of the 4 counties compared here, 33,979 residents against a local median of 58,327. The measure that sets Marshall County, MS apart most is median rent: $867, 20% below the local median of $1,085.
Median home price tells the same story from another angle: $177,591 against a local median of $217,605, 18% below it. The counties themselves spread $541 on median rent, so Marshall County, MS sits at one end of an already wide local range rather than apart from it. Marshall County, MS has the 4th highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Marshall County, MS | 33,979 | $177,591 #3/4 | $867 #4/4 | 79.1% #2/4 |
| Lafayette County, MS | 58,327 | $217,605 | $1,085 | 63.8% |
| Fayette County, TN | 43,762 | $422,563 | $909 | 81.5% |
| DeSoto County, MS | 191,302 | $136,029 | $1,451 | 77.9% |
Frequently Asked Questions
Common questions about the housing market in Marshall County, Mississippi.
What is the median home price in Marshall County, Mississippi?
The median home price in Marshall County, Mississippi is $177,591, higher than the Mississippi average of $130,069.
What is the average home price in Marshall County, Mississippi?
The typical home price in Marshall County, Mississippi, reported as the median sale price, is $177,591. 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 Marshall County, Mississippi?
The median gross rent in Marshall County, Mississippi is $867 per month, lower than the Mississippi average of $954.
What was the median gross rent in Marshall County in 2020?
In 2020, the median gross rent in Marshall County, Mississippi was $742 per month.
What is the price-to-rent ratio in Marshall County, Mississippi?
The price-to-rent ratio in Marshall County, Mississippi is about 17.1, meaning it would take roughly 17.1 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Marshall County.
Are home prices or rent rising faster in Marshall County, Mississippi?
Both home prices and rent are rising in Marshall County, up about 12.6% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Marshall County, Mississippi?
67.2% of households in Marshall County, Mississippi own their home, higher than the Mississippi average of 59.8%.
What is the vacancy rate in Marshall County, Mississippi?
The housing vacancy rate in Marshall County, Mississippi is 15.0%, higher than the Mississippi average of 14.6%.
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