Montgomery County, Mississippi Housing Market Prices
Montgomery 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 95% below the Mississippi median Among the top 5 cheapest counties in Mississippi$6,696
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Median rent 23% below the Mississippi median$733
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Montgomery County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $6,696 | $130,069 | $248,835 |
| Price Trend (Annual %) | -15.1% | 5.6% | 7.5% |
| Median Gross Rent | $733 | $954 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Montgomery County is about 95% lower than in Mississippi. Rent is about 23% lower than the Mississippi average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Montgomery County: home prices fell about 15.1% a year while rent rose about 5.2% a year. That is an unusual pattern worth watching.
Median rent in Montgomery County rose about 36.0% between 2015 and 2024, from $539 to $733. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 0.2 yearly household incomes in Montgomery County.
Buying the median-priced home in Montgomery County costs roughly 0.8 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 Montgomery County. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Montgomery County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $6,696 | $130,069 | $248,835 |
| Median Household Income | $42,994 | $56,669 | $80,455 |
| Price-to-Income Ratio | 0.2 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Montgomery County fell about 89.7%, while median household income rose about 39.5% 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 | Montgomery County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.5% | 59.8% | 58.5% |
| Rental Rate | 18.4% | 25.6% | 31.2% |
| Vacancy Rate | 24.1% | 14.6% | 10.2% |
| Median Tenure (years) | 21.0 | 16.0 | 15.0 |
| Median Year Moved In | 2005 | 2010 | 2011 |
Montgomery County has a homeownership rate of 57.5%, lower than the Mississippi average of 59.8%. Its housing vacancy rate is 24.1%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Montgomery County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1985 | 1986 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Montgomery County was built around 1985. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 21.0 years on average.
Montgomery County, MS Housing Compared With Nearby Counties
How Montgomery County, MS compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Montgomery County, MS | 9,602 | $6,696 #2/2 | $733 #2/2 | 75.8% #1/2 |
| Attala County, MS | 17,526 | $56,764 | $824 | 75.3% |
Frequently Asked Questions
Common questions about the housing market in Montgomery County, Mississippi.
What is the median home price in Montgomery County, Mississippi?
The median home price in Montgomery County, Mississippi is $6,696, lower than the Mississippi average of $130,069.
What is the average home price in Montgomery County, Mississippi?
The typical home price in Montgomery County, Mississippi, reported as the median sale price, is $6,696. 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 Montgomery County, Mississippi?
The median gross rent in Montgomery County, Mississippi is $733 per month, lower than the Mississippi average of $954.
What was the median gross rent in Montgomery County in 2020?
In 2020, the median gross rent in Montgomery County, Mississippi was $574 per month.
What is the price-to-rent ratio in Montgomery County, Mississippi?
The price-to-rent ratio in Montgomery County, Mississippi is about 0.8, meaning it would take roughly 0.8 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 Montgomery County.
Are home prices or rent rising faster in Montgomery County, Mississippi?
Home prices and rent are moving in opposite directions in Montgomery County: home prices fell about 15.1% a year while rent rose about 5.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Montgomery County, Mississippi?
57.5% of households in Montgomery County, Mississippi own their home, lower than the Mississippi average of 59.8%.
What is the vacancy rate in Montgomery County, Mississippi?
The housing vacancy rate in Montgomery County, Mississippi is 24.1%, higher than the Mississippi average of 14.6%.
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