Ridgeland, Mississippi Housing Market Prices
Ridgeland 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 66% above the Mississippi median$215,840
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Median rent 41% above the Mississippi median$1,345
Housing Market Overview
| Metric | Ridgeland | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $215,840 | $130,069 | $248,835 |
| Price Trend (Annual %) | 14.0% | 5.6% | 7.5% |
| Median Gross Rent | $1,345 | $954 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ridgeland is about 66% higher than in Mississippi. Rent is about 41% 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 Ridgeland, up about 14.0% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Ridgeland rose about 37.9% between 2015 and 2024, from $975 to $1,345. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Ridgeland.
Buying the median-priced home in Ridgeland costs roughly 13.4 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 Ridgeland. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Ridgeland | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $215,840 | $130,069 | $248,835 |
| Median Household Income | $69,897 | $56,669 | $80,455 |
| Price-to-Income Ratio | 3.1 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Ridgeland rose about 66.5%, while median household income rose about 18.5% 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 | Ridgeland | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 44.9% | 59.8% | 58.5% |
| Rental Rate | 46.9% | 25.6% | 31.2% |
| Vacancy Rate | 8.2% | 14.6% | 10.2% |
| Median Tenure (years) | 9.0 | 16.0 | 15.0 |
| Median Year Moved In | 2017 | 2010 | 2011 |
Ridgeland has a homeownership rate of 44.9%, lower than the Mississippi average of 59.8%. Its housing vacancy rate is 8.2%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Ridgeland | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.24 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1992 | 1986 | 1978 |
| Median Number of Rooms | 5.3 | 5.7 | 5.5 |
The typical housing unit in Ridgeland was built around 1992. On average, 2.2 people live in a home with about 5.3 rooms, staying for about 9.0 years on average.
Ridgeland, MS Housing Compared With Nearby Cities
How Ridgeland, MS compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Ridgeland, MS | 22,132 | $215,840 #1/2 | $1,345 #1/2 | 48.9% #2/2 |
| Jackson, MS | 145,698 | $75,050 | $1,056 | 49.0% |
Frequently Asked Questions
Common questions about the housing market in Ridgeland, Mississippi.
What is the median home price in Ridgeland, Mississippi?
The median home price in Ridgeland, Mississippi is $215,840, higher than the Mississippi average of $130,069.
What is the average home price in Ridgeland, Mississippi?
The typical home price in Ridgeland, Mississippi, reported as the median sale price, is $215,840. 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 Ridgeland, Mississippi?
The median gross rent in Ridgeland, Mississippi is $1,345 per month, higher than the Mississippi average of $954.
What was the median gross rent in Ridgeland in 2020?
In 2020, the median gross rent in Ridgeland, Mississippi was $1,070 per month.
What is the price-to-rent ratio in Ridgeland, Mississippi?
The price-to-rent ratio in Ridgeland, Mississippi is about 13.4, meaning it would take roughly 13.4 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 Ridgeland.
Are home prices or rent rising faster in Ridgeland, Mississippi?
Both home prices and rent are rising in Ridgeland, up about 14.0% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ridgeland, Mississippi?
44.9% of households in Ridgeland, Mississippi own their home, lower than the Mississippi average of 59.8%.
What is the vacancy rate in Ridgeland, Mississippi?
The housing vacancy rate in Ridgeland, Mississippi is 8.2%, lower than the Mississippi average of 14.6%.
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