Housing Market Overview
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 Map: Nearby Counties
Housing Market Overview
| Metric | Sunflower County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $38,437 | $119,791 | $242,182 |
| Price Trend (Annual %) | -10.1% | 5.1% | 8.2% |
| Median Gross Rent | $669 | $923 | $1,342 |
| Rent Trend (Annual %) | 2.1% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sunflower County is about 68% lower than in Mississippi. Rent is about 28% lower than the Mississippi average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Sunflower County: home prices fell about 10.1% a year while rent rose about 2.1% a year. That is an unusual pattern worth watching.
Median rent in Sunflower County rose about 16.8% between 2015 and 2023, from $573 to $669. Over the same span, rent in Mississippi rose about 28.9%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Sunflower County.
Buying the median-priced home in Sunflower County costs roughly 4.8 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 Sunflower County. The price-to-rent ratio in Mississippi is about 10.8.
| Metric | Sunflower County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $38,437 | $119,791 | $242,182 |
| Median Household Income | $40,266 | $55,084 | $78,145 |
| Price-to-Income Ratio | 1.0 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Sunflower County fell about 50.0%, while median household income rose about 64.7% between 2009 and 2023 — 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 | Sunflower County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 48.2% | 59.0% | 58.2% |
| Rental Rate | 37.4% | 25.9% | 31.3% |
| Vacancy Rate | 14.4% | 15.1% | 10.6% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Sunflower County has a homeownership rate of 48.2%, lower than the Mississippi average of 59.0%. Its housing vacancy rate is 14.4%, compared with 15.1% in Mississippi.
Housing Stock
| Metric | Sunflower County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.70 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1976 | 1985 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Sunflower County was built around 1976. On average, 2.7 people live in a home with about 5.6 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sunflower County, Mississippi.
What is the median home price in Sunflower County, Mississippi?
The median home price in Sunflower County, Mississippi is $38,437, lower than the Mississippi average of $119,791.
What is the average home price in Sunflower County, Mississippi?
The typical home price in %s, reported as the median sale price, is %s. 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 Sunflower County, Mississippi?
The median gross rent in Sunflower County, Mississippi is $669 per month, lower than the Mississippi average of $923.
What was the median gross rent in Sunflower County in 2020?
In 2020, the median gross rent in Sunflower County, Mississippi was $575 per month.
What is the price-to-rent ratio in Sunflower County, Mississippi?
The price-to-rent ratio in Sunflower County, Mississippi is about 4.8, meaning it would take roughly 4.8 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 Sunflower County.
Are home prices or rent rising faster in Sunflower County, Mississippi?
Home prices and rent are moving in opposite directions in Sunflower County: home prices fell about 10.1% a year while rent rose about 2.1% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Sunflower County, Mississippi?
48.2% of households in Sunflower County, Mississippi own their home, lower than the Mississippi average of 59.0%.
What is the vacancy rate in Sunflower County, Mississippi?
The housing vacancy rate in Sunflower County, Mississippi is 14.4%, lower than the Mississippi average of 15.1%.