Tunica County, Mississippi Housing Market Prices
Tunica 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 117% above the Mississippi median More expensive than 85% of counties in Mississippi$282,316
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Median rent 2% above the Mississippi median More expensive than 90% of counties in Mississippi$977
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Tunica County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $282,316 | $130,069 | $248,835 |
| Price Trend (Annual %) | 48.3% | 5.6% | 7.5% |
| Median Gross Rent | $977 | $954 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tunica County is about 117% higher than in Mississippi. Rent is about 2% 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 Tunica County, up about 48.3% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Tunica County rose about 43.2% between 2015 and 2024, from $682 to $977. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 7.2 yearly household incomes in Tunica County.
Buying the median-priced home in Tunica County costs roughly 24.1 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 Tunica County. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Tunica County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $282,316 | $130,069 | $248,835 |
| Median Household Income | $39,239 | $56,669 | $80,455 |
| Price-to-Income Ratio | 7.2 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Tunica County rose about 599.8%, while median household income rose about 33.9% 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 | Tunica County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 31.2% | 59.8% | 58.5% |
| Rental Rate | 47.8% | 25.6% | 31.2% |
| Vacancy Rate | 21.0% | 14.6% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Tunica County has a homeownership rate of 31.2%, lower than the Mississippi average of 59.8%. Its housing vacancy rate is 21.0%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Tunica County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1993 | 1986 | 1978 |
| Median Number of Rooms | 5.0 | 5.7 | 5.5 |
The typical housing unit in Tunica County was built around 1993. On average, 2.5 people live in a home with about 5.0 rooms, staying for about 15.0 years on average.
Tunica County, MS Housing Compared With Nearby Counties
How Tunica County, MS compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Tunica County, MS | 9,475 | $282,316 #1/2 | $977 #2/2 | 39.5% #2/2 |
| DeSoto County, MS | 191,302 | $136,029 | $1,451 | 77.9% |
Frequently Asked Questions
Common questions about the housing market in Tunica County, Mississippi.
What is the median home price in Tunica County, Mississippi?
The median home price in Tunica County, Mississippi is $282,316, higher than the Mississippi average of $130,069.
What is the average home price in Tunica County, Mississippi?
The typical home price in Tunica County, Mississippi, reported as the median sale price, is $282,316. 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 Tunica County, Mississippi?
The median gross rent in Tunica County, Mississippi is $977 per month, higher than the Mississippi average of $954.
What was the median gross rent in Tunica County in 2020?
In 2020, the median gross rent in Tunica County, Mississippi was $792 per month.
What is the price-to-rent ratio in Tunica County, Mississippi?
The price-to-rent ratio in Tunica County, Mississippi is about 24.1, meaning it would take roughly 24.1 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 Tunica County.
Are home prices or rent rising faster in Tunica County, Mississippi?
Both home prices and rent are rising in Tunica County, up about 48.3% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Tunica County, Mississippi?
31.2% of households in Tunica County, Mississippi own their home, lower than the Mississippi average of 59.8%.
What is the vacancy rate in Tunica County, Mississippi?
The housing vacancy rate in Tunica County, Mississippi is 21.0%, higher than the Mississippi average of 14.6%.
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