Pike County, Mississippi Housing Market Prices
Pike 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.
-
Median home price 51% below the Mississippi median$63,571
-
Median rent 4% below the Mississippi median More expensive than 80% of counties in Mississippi$919
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Pike County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $63,571 | $130,069 | $248,835 |
| Price Trend (Annual %) | 3.6% | 5.6% | 7.5% |
| Median Gross Rent | $919 | $954 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pike County is about 51% lower than in Mississippi. Rent is about 4% 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 Pike County, up about 3.6% and 5.0% a year respectively. Rent is changing faster.
Median rent in Pike County rose about 48.3% between 2015 and 2024, from $619 to $919. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Pike County.
Buying the median-priced home in Pike County costs roughly 5.8 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 Pike County. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Pike County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $63,571 | $130,069 | $248,835 |
| Median Household Income | $43,605 | $56,669 | $80,455 |
| Price-to-Income Ratio | 1.5 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Pike County rose about 36.3%, while median household income rose about 34.2% 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 | Pike County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.2% | 59.8% | 58.5% |
| Rental Rate | 26.0% | 25.6% | 31.2% |
| Vacancy Rate | 21.8% | 14.6% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Pike County has a homeownership rate of 52.2%, lower than the Mississippi average of 59.8%. Its housing vacancy rate is 21.8%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Pike County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1985 | 1986 | 1978 |
| Median Number of Rooms | 5.3 | 5.7 | 5.5 |
The typical housing unit in Pike County was built around 1985. On average, 2.6 people live in a home with about 5.3 rooms, staying for about 17.0 years on average.
Pike County, MS Housing Compared With Nearby Counties
How Pike County, MS compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Pike County, MS | 39,602 | $63,571 #1/2 | $919 #1/2 | 66.8% #2/2 |
| Amite County, MS | 12,565 | $9,090 | $669 | 82.4% |
Frequently Asked Questions
Common questions about the housing market in Pike County, Mississippi.
What is the median home price in Pike County, Mississippi?
The median home price in Pike County, Mississippi is $63,571, lower than the Mississippi average of $130,069.
What is the average home price in Pike County, Mississippi?
The typical home price in Pike County, Mississippi, reported as the median sale price, is $63,571. 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 Pike County, Mississippi?
The median gross rent in Pike County, Mississippi is $919 per month, lower than the Mississippi average of $954.
What was the median gross rent in Pike County in 2020?
In 2020, the median gross rent in Pike County, Mississippi was $743 per month.
What is the price-to-rent ratio in Pike County, Mississippi?
The price-to-rent ratio in Pike County, Mississippi is about 5.8, meaning it would take roughly 5.8 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 Pike County.
Are home prices or rent rising faster in Pike County, Mississippi?
Both home prices and rent are rising in Pike County, up about 3.6% and 5.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Pike County, Mississippi?
52.2% of households in Pike County, Mississippi own their home, lower than the Mississippi average of 59.8%.
What is the vacancy rate in Pike County, Mississippi?
The housing vacancy rate in Pike County, Mississippi is 21.8%, higher than the Mississippi average of 14.6%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →