Simpson County, Mississippi Housing Market Prices
Simpson 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 246% above the Mississippi median Among the 3 most expensive counties in Mississippi$450,000
-
Median rent 11% below the Mississippi median$851
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Simpson County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $130,069 | $248,835 |
| Price Trend (Annual %) | 26.5% | 5.6% | 7.5% |
| Median Gross Rent | $851 | $954 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Simpson County is about 246% higher than in Mississippi. Rent is about 11% 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 Simpson County, up about 26.5% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Simpson County rose about 37.8% between 2015 and 2024, from $618 to $851. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 8.1 yearly household incomes in Simpson County.
Buying the median-priced home in Simpson County costs roughly 44.1 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Simpson County. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Simpson County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $130,069 | $248,835 |
| Median Household Income | $55,766 | $56,669 | $80,455 |
| Price-to-Income Ratio | 8.1 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Simpson County rose about 831.0%, while median household income rose about 52.9% 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 | Simpson County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.4% | 59.8% | 58.5% |
| Rental Rate | 15.2% | 25.6% | 31.2% |
| Vacancy Rate | 18.4% | 14.6% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Simpson County has a homeownership rate of 66.4%, higher than the Mississippi average of 59.8%. Its housing vacancy rate is 18.4%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Simpson County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1987 | 1986 | 1978 |
| Median Number of Rooms | 5.9 | 5.7 | 5.5 |
The typical housing unit in Simpson County was built around 1987. On average, 2.6 people live in a home with about 5.9 rooms, staying for about 18.0 years on average.
Simpson County, MS Housing Compared With Nearby Counties
How Simpson County, MS compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Simpson County, MS | 25,691 | $450,000 #1/2 | $851 #2/2 | 81.4% #1/2 |
| Rankin County, MS | 158,854 | $125,446 | $1,270 | 76.8% |
Frequently Asked Questions
Common questions about the housing market in Simpson County, Mississippi.
What is the median home price in Simpson County, Mississippi?
The median home price in Simpson County, Mississippi is $450,000, higher than the Mississippi average of $130,069.
What is the average home price in Simpson County, Mississippi?
The typical home price in Simpson County, Mississippi, reported as the median sale price, is $450,000. 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 Simpson County, Mississippi?
The median gross rent in Simpson County, Mississippi is $851 per month, lower than the Mississippi average of $954.
What was the median gross rent in Simpson County in 2020?
In 2020, the median gross rent in Simpson County, Mississippi was $677 per month.
What is the price-to-rent ratio in Simpson County, Mississippi?
The price-to-rent ratio in Simpson County, Mississippi is about 44.1, meaning it would take roughly 44.1 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Simpson County.
Are home prices or rent rising faster in Simpson County, Mississippi?
Both home prices and rent are rising in Simpson County, up about 26.5% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Simpson County, Mississippi?
66.4% of households in Simpson County, Mississippi own their home, higher than the Mississippi average of 59.8%.
What is the vacancy rate in Simpson County, Mississippi?
The housing vacancy rate in Simpson County, Mississippi is 18.4%, 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 →