Pearl, Mississippi Housing Market Prices
Pearl 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 16% above the Mississippi median$150,638
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Median rent 22% above the Mississippi median$1,168
Housing Market Overview
| Metric | Pearl | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $150,638 | $130,069 | $248,835 |
| Price Trend (Annual %) | 1.7% | 5.6% | 7.5% |
| Median Gross Rent | $1,168 | $954 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pearl is about 16% higher than in Mississippi. Rent is about 22% higher 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 Pearl, up about 1.7% and 4.9% a year respectively. Rent is changing faster.
Median rent in Pearl rose about 47.2% between 2015 and 2024, from $793 to $1,168. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Pearl.
Buying the median-priced home in Pearl costs roughly 10.7 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 Pearl. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Pearl | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $150,638 | $130,069 | $248,835 |
| Median Household Income | $59,045 | $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 Pearl rose about 20.6%, while median household income rose about 27.8% 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 | Pearl | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.3% | 59.8% | 58.5% |
| Rental Rate | 37.0% | 25.6% | 31.2% |
| Vacancy Rate | 6.7% | 14.6% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Pearl has a homeownership rate of 56.3%, lower than the Mississippi average of 59.8%. Its housing vacancy rate is 6.7%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Pearl | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1986 | 1986 | 1978 |
| Median Number of Rooms | 5.4 | 5.7 | 5.5 |
The typical housing unit in Pearl was built around 1986. On average, 2.4 people live in a home with about 5.4 rooms, staying for about 13.0 years on average.
Pearl, MS Housing Compared With Nearby Cities
How Pearl, MS compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Pearl, MS | 26,778 | $150,638 #1/2 | $1,168 #1/2 | 60.3% #1/2 |
| Jackson, MS | 145,698 | $75,050 | $1,056 | 49.0% |
Frequently Asked Questions
Common questions about the housing market in Pearl, Mississippi.
What is the median home price in Pearl, Mississippi?
The median home price in Pearl, Mississippi is $150,638, higher than the Mississippi average of $130,069.
What is the average home price in Pearl, Mississippi?
The typical home price in Pearl, Mississippi, reported as the median sale price, is $150,638. 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 Pearl, Mississippi?
The median gross rent in Pearl, Mississippi is $1,168 per month, higher than the Mississippi average of $954.
What was the median gross rent in Pearl in 2020?
In 2020, the median gross rent in Pearl, Mississippi was $957 per month.
What is the price-to-rent ratio in Pearl, Mississippi?
The price-to-rent ratio in Pearl, Mississippi is about 10.7, meaning it would take roughly 10.7 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 Pearl.
Are home prices or rent rising faster in Pearl, Mississippi?
Both home prices and rent are rising in Pearl, up about 1.7% and 4.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Pearl, Mississippi?
56.3% of households in Pearl, Mississippi own their home, lower than the Mississippi average of 59.8%.
What is the vacancy rate in Pearl, Mississippi?
The housing vacancy rate in Pearl, Mississippi is 6.7%, lower than the Mississippi average of 14.6%.
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