Neshoba County, Mississippi Housing Market Prices
Neshoba 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 17% above the Mississippi median$152,027
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Median rent 12% below the Mississippi median$839
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Neshoba County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $152,027 | $130,069 | $248,835 |
| Price Trend (Annual %) | 12.9% | 5.6% | 7.5% |
| Median Gross Rent | $839 | $954 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Neshoba County is about 17% higher than in Mississippi. Rent is about 12% 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 Neshoba County, up about 12.9% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Neshoba County rose about 39.5% between 2015 and 2024, from $602 to $839. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Neshoba County.
Buying the median-priced home in Neshoba County costs roughly 15.1 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 Neshoba County. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Neshoba County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $152,027 | $130,069 | $248,835 |
| Median Household Income | $57,703 | $56,669 | $80,455 |
| Price-to-Income Ratio | 2.6 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Neshoba County rose about 93.6%, while median household income rose about 48.0% 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 | Neshoba County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.3% | 59.8% | 58.5% |
| Rental Rate | 18.6% | 25.6% | 31.2% |
| Vacancy Rate | 15.1% | 14.6% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Neshoba County has a homeownership rate of 66.3%, higher than the Mississippi average of 59.8%. Its housing vacancy rate is 15.1%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Neshoba County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.77 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1982 | 1986 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Neshoba County was built around 1982. On average, 2.8 people live in a home with about 5.6 rooms, staying for about 18.0 years on average.
Neshoba County, MS Housing Compared With Nearby Counties
How Neshoba County, MS compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Neshoba County, MS | 28,932 | $152,027 #1/2 | $839 #2/2 | 78.1% #1/2 |
| Scott County, MS | 27,718 | $34,321 | $887 | 71.3% |
Frequently Asked Questions
Common questions about the housing market in Neshoba County, Mississippi.
What is the median home price in Neshoba County, Mississippi?
The median home price in Neshoba County, Mississippi is $152,027, higher than the Mississippi average of $130,069.
What is the average home price in Neshoba County, Mississippi?
The typical home price in Neshoba County, Mississippi, reported as the median sale price, is $152,027. 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 Neshoba County, Mississippi?
The median gross rent in Neshoba County, Mississippi is $839 per month, lower than the Mississippi average of $954.
What was the median gross rent in Neshoba County in 2020?
In 2020, the median gross rent in Neshoba County, Mississippi was $659 per month.
What is the price-to-rent ratio in Neshoba County, Mississippi?
The price-to-rent ratio in Neshoba County, Mississippi is about 15.1, meaning it would take roughly 15.1 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 Neshoba County.
Are home prices or rent rising faster in Neshoba County, Mississippi?
Both home prices and rent are rising in Neshoba County, up about 12.9% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Neshoba County, Mississippi?
66.3% of households in Neshoba County, Mississippi own their home, higher than the Mississippi average of 59.8%.
What is the vacancy rate in Neshoba County, Mississippi?
The housing vacancy rate in Neshoba County, Mississippi is 15.1%, higher than the Mississippi average of 14.6%.
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