Pascagoula, Mississippi Housing Market Prices
Pascagoula 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 4% below the Mississippi median$125,263
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Median rent 6% below the Mississippi median$896
Housing Market Overview
| Metric | Pascagoula | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $125,263 | $130,069 | $248,835 |
| Price Trend (Annual %) | 15.7% | 5.6% | 7.5% |
| Median Gross Rent | $896 | $954 | $1,407 |
| Rent Trend (Annual %) | 2.5% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pascagoula is about 4% lower than in Mississippi. Rent is about 6% 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 Pascagoula, up about 15.7% and 2.5% a year respectively. Home prices are changing faster.
Median rent in Pascagoula rose about 21.6% between 2015 and 2024, from $736 to $896. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Pascagoula.
Buying the median-priced home in Pascagoula costs roughly 11.7 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 Pascagoula. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Pascagoula | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $125,263 | $130,069 | $248,835 |
| Median Household Income | $49,914 | $56,669 | $80,455 |
| Price-to-Income Ratio | 2.5 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Pascagoula rose about 26.7%, while median household income rose about 19.3% 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 | Pascagoula | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 45.2% | 59.8% | 58.5% |
| Rental Rate | 40.1% | 25.6% | 31.2% |
| Vacancy Rate | 14.8% | 14.6% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Pascagoula has a homeownership rate of 45.2%, lower than the Mississippi average of 59.8%. Its housing vacancy rate is 14.8%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Pascagoula | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1973 | 1986 | 1978 |
| Median Number of Rooms | 4.9 | 5.7 | 5.5 |
The typical housing unit in Pascagoula was built around 1973. On average, 2.4 people live in a home with about 4.9 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Pascagoula, Mississippi.
What is the median home price in Pascagoula, Mississippi?
The median home price in Pascagoula, Mississippi is $125,263, lower than the Mississippi average of $130,069.
What is the average home price in Pascagoula, Mississippi?
The typical home price in Pascagoula, Mississippi, reported as the median sale price, is $125,263. 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 Pascagoula, Mississippi?
The median gross rent in Pascagoula, Mississippi is $896 per month, lower than the Mississippi average of $954.
What was the median gross rent in Pascagoula in 2020?
In 2020, the median gross rent in Pascagoula, Mississippi was $754 per month.
What is the price-to-rent ratio in Pascagoula, Mississippi?
The price-to-rent ratio in Pascagoula, Mississippi is about 11.7, meaning it would take roughly 11.7 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 Pascagoula.
Are home prices or rent rising faster in Pascagoula, Mississippi?
Both home prices and rent are rising in Pascagoula, up about 15.7% and 2.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pascagoula, Mississippi?
45.2% of households in Pascagoula, Mississippi own their home, lower than the Mississippi average of 59.8%.
What is the vacancy rate in Pascagoula, Mississippi?
The housing vacancy rate in Pascagoula, Mississippi is 14.8%, higher than the Mississippi average of 14.6%.
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