Tallahatchie County, Mississippi Housing Market Prices
Tallahatchie 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.
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Median home price 17% below the Mississippi median$108,571
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Median rent 23% below the Mississippi median$731
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Tallahatchie County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $108,571 | $130,069 | $248,835 |
| Price Trend (Annual %) | 45.3% | 5.6% | 7.5% |
| Median Gross Rent | $731 | $954 | $1,407 |
| Rent Trend (Annual %) | 7.4% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tallahatchie County is about 17% lower than in Mississippi. Rent is about 23% 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 Tallahatchie County, up about 45.3% and 7.4% a year respectively. Home prices are changing faster.
Median rent in Tallahatchie County rose about 30.9% between 2015 and 2024, from $559 to $731. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Tallahatchie County.
Buying the median-priced home in Tallahatchie County costs roughly 12.4 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 Tallahatchie County. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Tallahatchie County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $108,571 | $130,069 | $248,835 |
| Median Household Income | $38,573 | $56,669 | $80,455 |
| Price-to-Income Ratio | 2.8 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Tallahatchie County rose about 332.6%, while median household income rose about 49.8% 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 | Tallahatchie County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.5% | 59.8% | 58.5% |
| Rental Rate | 27.8% | 25.6% | 31.2% |
| Vacancy Rate | 21.8% | 14.6% | 10.2% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Tallahatchie County has a homeownership rate of 50.5%, lower than the Mississippi average of 59.8%. Its housing vacancy rate is 21.8%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Tallahatchie County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1980 | 1986 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Tallahatchie County was built around 1980. On average, 2.6 people live in a home with about 5.8 rooms, staying for about 19.0 years on average.
Tallahatchie County, MS Housing Compared With Nearby Counties
How Tallahatchie County, MS compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Tallahatchie County, MS | 11,764 | $108,571 #1/2 | $731 #2/2 | 64.5% #2/2 |
| Panola County, MS | 32,808 | $34,404 | $874 | 71.1% |
Frequently Asked Questions
Common questions about the housing market in Tallahatchie County, Mississippi.
What is the median home price in Tallahatchie County, Mississippi?
The median home price in Tallahatchie County, Mississippi is $108,571, lower than the Mississippi average of $130,069.
What is the average home price in Tallahatchie County, Mississippi?
The typical home price in Tallahatchie County, Mississippi, reported as the median sale price, is $108,571. 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 Tallahatchie County, Mississippi?
The median gross rent in Tallahatchie County, Mississippi is $731 per month, lower than the Mississippi average of $954.
What was the median gross rent in Tallahatchie County in 2020?
In 2020, the median gross rent in Tallahatchie County, Mississippi was $565 per month.
What is the price-to-rent ratio in Tallahatchie County, Mississippi?
The price-to-rent ratio in Tallahatchie County, Mississippi is about 12.4, meaning it would take roughly 12.4 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 Tallahatchie County.
Are home prices or rent rising faster in Tallahatchie County, Mississippi?
Both home prices and rent are rising in Tallahatchie County, up about 45.3% and 7.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Tallahatchie County, Mississippi?
50.5% of households in Tallahatchie County, Mississippi own their home, lower than the Mississippi average of 59.8%.
What is the vacancy rate in Tallahatchie County, Mississippi?
The housing vacancy rate in Tallahatchie County, Mississippi is 21.8%, higher than the Mississippi average of 14.6%.
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