Monroe County, Mississippi Housing Market Prices
Monroe 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 66% above the Mississippi median More expensive than 78% of counties in Mississippi$215,625
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Median rent 19% below the Mississippi median$768
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Monroe County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $215,625 | $130,069 | $248,835 |
| Price Trend (Annual %) | 20.9% | 5.6% | 7.5% |
| Median Gross Rent | $768 | $954 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Monroe County is about 66% higher than in Mississippi. Rent is about 19% 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 Monroe County, up about 20.9% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Monroe County rose about 34.5% between 2015 and 2024, from $571 to $768. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 4.2 yearly household incomes in Monroe County.
Buying the median-priced home in Monroe County costs roughly 23.4 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 Monroe County. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Monroe County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $215,625 | $130,069 | $248,835 |
| Median Household Income | $51,586 | $56,669 | $80,455 |
| Price-to-Income Ratio | 4.2 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Monroe County rose about 216.2%, while median household income rose about 47.2% 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 | Monroe County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.0% | 59.8% | 58.5% |
| Rental Rate | 19.5% | 25.6% | 31.2% |
| Vacancy Rate | 17.5% | 14.6% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Monroe County has a homeownership rate of 63.0%, higher than the Mississippi average of 59.8%. Its housing vacancy rate is 17.5%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Monroe County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1982 | 1986 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Monroe County was built around 1982. On average, 2.4 people live in a home with about 5.8 rooms, staying for about 18.0 years on average.
Monroe County, MS Housing Compared With Nearby Counties
Monroe County, MS is the 3rd largest of the 4 counties compared here, 33,747 residents against a local median of 57,838. Where Monroe County, MS breaks from the counties next to it is median home price, sitting 63% above the local median of $132,386 at $215,625.
Median rent tells the same story from another angle: $768 against a local median of $930, 17% below it. The counties themselves sit within $39,370 of each other on median home price, a tighter band than the gap between any of them and Monroe County, MS, which makes it a genuine outlier here rather than one end of a wide local spread. Monroe County, MS has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Monroe County, MS | 33,747 | $215,625 #1/4 | $768 #3/4 | 76.3% #1/4 |
| Lamar County, AL | 13,693 | $123,610 | $548 | 75.7% |
| Lowndes County, MS | 57,838 | $132,386 | $930 | 61.3% |
| Lee County, MS | 83,034 | $162,980 | $956 | 70.8% |
Frequently Asked Questions
Common questions about the housing market in Monroe County, Mississippi.
What is the median home price in Monroe County, Mississippi?
The median home price in Monroe County, Mississippi is $215,625, higher than the Mississippi average of $130,069.
What is the average home price in Monroe County, Mississippi?
The typical home price in Monroe County, Mississippi, reported as the median sale price, is $215,625. 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 Monroe County, Mississippi?
The median gross rent in Monroe County, Mississippi is $768 per month, lower than the Mississippi average of $954.
What was the median gross rent in Monroe County in 2020?
In 2020, the median gross rent in Monroe County, Mississippi was $666 per month.
What is the price-to-rent ratio in Monroe County, Mississippi?
The price-to-rent ratio in Monroe County, Mississippi is about 23.4, meaning it would take roughly 23.4 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 Monroe County.
Are home prices or rent rising faster in Monroe County, Mississippi?
Both home prices and rent are rising in Monroe County, up about 20.9% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Monroe County, Mississippi?
63.0% of households in Monroe County, Mississippi own their home, higher than the Mississippi average of 59.8%.
What is the vacancy rate in Monroe County, Mississippi?
The housing vacancy rate in Monroe County, Mississippi is 17.5%, higher than the Mississippi average of 14.6%.
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