Tupelo, Mississippi Housing Market Prices
Tupelo 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 65% above the Mississippi median$214,907
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Median rent 1% above the Mississippi median$966
Housing Market Overview
| Metric | Tupelo | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $214,907 | $130,069 | $248,835 |
| Price Trend (Annual %) | 16.3% | 5.6% | 7.5% |
| Median Gross Rent | $966 | $954 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tupelo is about 65% higher 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 Tupelo, up about 16.3% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Tupelo rose about 37.6% between 2015 and 2024, from $702 to $966. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Tupelo.
Buying the median-priced home in Tupelo costs roughly 18.5 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Tupelo. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Tupelo | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $214,907 | $130,069 | $248,835 |
| Median Household Income | $67,556 | $56,669 | $80,455 |
| Price-to-Income Ratio | 3.2 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Tupelo rose about 177.6%, while median household income rose about 69.0% 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 | Tupelo | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.9% | 59.8% | 58.5% |
| Rental Rate | 28.8% | 25.6% | 31.2% |
| Vacancy Rate | 11.3% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Tupelo has a homeownership rate of 59.9%, about the same as the Mississippi average of 59.8%. Its housing vacancy rate is 11.3%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Tupelo | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1980 | 1986 | 1978 |
| Median Number of Rooms | 5.9 | 5.7 | 5.5 |
The typical housing unit in Tupelo was built around 1980. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Tupelo, Mississippi.
What is the median home price in Tupelo, Mississippi?
The median home price in Tupelo, Mississippi is $214,907, higher than the Mississippi average of $130,069.
What is the average home price in Tupelo, Mississippi?
The typical home price in Tupelo, Mississippi, reported as the median sale price, is $214,907. 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 Tupelo, Mississippi?
The median gross rent in Tupelo, Mississippi is $966 per month, higher than the Mississippi average of $954.
What was the median gross rent in Tupelo in 2020?
In 2020, the median gross rent in Tupelo, Mississippi was $777 per month.
What is the price-to-rent ratio in Tupelo, Mississippi?
The price-to-rent ratio in Tupelo, Mississippi is about 18.5, meaning it would take roughly 18.5 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Tupelo.
Are home prices or rent rising faster in Tupelo, Mississippi?
Both home prices and rent are rising in Tupelo, up about 16.3% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Tupelo, Mississippi?
59.9% of households in Tupelo, Mississippi own their home, about the same as the Mississippi average.
What is the vacancy rate in Tupelo, Mississippi?
The housing vacancy rate in Tupelo, Mississippi is 11.3%, lower than the Mississippi average of 14.6%.
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