Tate County, Mississippi Housing Market Prices
Tate 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 83% below the Mississippi median Cheaper than 88% of counties in Mississippi$22,500
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Median rent 1% above the Mississippi median More expensive than 86% of counties in Mississippi$963
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Tate County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $22,500 | $130,069 | $248,835 |
| Price Trend (Annual %) | 7.1% | 5.6% | 7.5% |
| Median Gross Rent | $963 | $954 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tate County is about 83% lower than in Mississippi. Rent is about 1% 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 Tate County, up about 7.1% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Tate County rose about 35.0% between 2015 and 2024, from $713 to $963. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 0.3 yearly household incomes in Tate County.
Buying the median-priced home in Tate County costs roughly 1.9 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 Tate County. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Tate County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $22,500 | $130,069 | $248,835 |
| Median Household Income | $68,865 | $56,669 | $80,455 |
| Price-to-Income Ratio | 0.3 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Tate County fell about 72.3%, while median household income rose about 66.3% between 2009 and 2025 — 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 | Tate County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.6% | 59.8% | 58.5% |
| Rental Rate | 22.7% | 25.6% | 31.2% |
| Vacancy Rate | 5.8% | 14.6% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Tate County has a homeownership rate of 71.6%, higher than the Mississippi average of 59.8%. Its housing vacancy rate is 5.8%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Tate County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1992 | 1986 | 1978 |
| Median Number of Rooms | 6.1 | 5.7 | 5.5 |
The typical housing unit in Tate County was built around 1992. On average, 2.4 people live in a home with about 6.1 rooms, staying for about 18.0 years on average.
Tate County, MS Housing Compared With Nearby Counties
Tate County, MS is the smallest of the 4 counties compared here, 28,321 residents against a local median of 33,979. The measure that sets Tate County, MS apart most is median home price: $22,500, 83% below the local median of $136,029.
The counties themselves spread $143,187 on median home price, so Tate County, MS sits at one end of an already wide local range rather than apart from it. Tate County, MS has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Tate County, MS | 28,321 | $22,500 #4/4 | $963 #2/4 | 76.0% #3/4 |
| DeSoto County, MS | 191,302 | $136,029 | $1,451 | 77.9% |
| Panola County, MS | 32,808 | $34,404 | $874 | 71.1% |
| Marshall County, MS | 33,979 | $177,591 | $867 | 79.1% |
Frequently Asked Questions
Common questions about the housing market in Tate County, Mississippi.
What is the median home price in Tate County, Mississippi?
The median home price in Tate County, Mississippi is $22,500, lower than the Mississippi average of $130,069.
What is the average home price in Tate County, Mississippi?
The typical home price in Tate County, Mississippi, reported as the median sale price, is $22,500. 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 Tate County, Mississippi?
The median gross rent in Tate County, Mississippi is $963 per month, higher than the Mississippi average of $954.
What was the median gross rent in Tate County in 2020?
In 2020, the median gross rent in Tate County, Mississippi was $746 per month.
What is the price-to-rent ratio in Tate County, Mississippi?
The price-to-rent ratio in Tate County, Mississippi is about 1.9, meaning it would take roughly 1.9 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 Tate County.
Are home prices or rent rising faster in Tate County, Mississippi?
Both home prices and rent are rising in Tate County, up about 7.1% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Tate County, Mississippi?
71.6% of households in Tate County, Mississippi own their home, higher than the Mississippi average of 59.8%.
What is the vacancy rate in Tate County, Mississippi?
The housing vacancy rate in Tate County, Mississippi is 5.8%, lower than the Mississippi average of 14.6%.
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