Union County, Mississippi Housing Market Prices
Union 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 98% above the Mississippi median More expensive than 83% of counties in Mississippi$257,292
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Median rent 9% below the Mississippi median More expensive than 70% of counties in Mississippi$864
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Union County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $257,292 | $130,069 | $248,835 |
| Price Trend (Annual %) | 46.4% | 5.6% | 7.5% |
| Median Gross Rent | $864 | $954 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Union County is about 98% higher than in Mississippi. Rent is about 9% 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 Union County, up about 46.4% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Union County rose about 28.9% between 2015 and 2024, from $670 to $864. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Union County.
Buying the median-priced home in Union County costs roughly 24.8 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 Union County. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Union County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $257,292 | $130,069 | $248,835 |
| Median Household Income | $56,904 | $56,669 | $80,455 |
| Price-to-Income Ratio | 4.5 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Union County rose about 95.8%, while median household income rose about 52.7% 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 | Union County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.0% | 59.8% | 58.5% |
| Rental Rate | 20.4% | 25.6% | 31.2% |
| Vacancy Rate | 19.6% | 14.6% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Union County has a homeownership rate of 60.0%, about the same as the Mississippi average of 59.8%. Its housing vacancy rate is 19.6%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Union County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.83 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1986 | 1986 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Union County was built around 1986. On average, 2.8 people live in a home with about 5.8 rooms, staying for about 18.0 years on average.
Union County, MS Housing Compared With Nearby Counties
Union County, MS is the smallest of the 4 counties compared here, 28,122 residents against a local median of 58,327. Where Union County, MS breaks from the counties next to it is median home price, sitting 58% above the local median of $162,980 at $257,292.
The counties themselves spread $121,633 on median home price, so Union County, MS sits at one end of an already wide local range rather than apart from it. Union County, MS has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Union County, MS | 28,122 | $257,292 #1/4 | $864 #3/4 | 74.7% #1/4 |
| Pontotoc County, MS | 31,525 | $95,972 | $863 | 69.8% |
| Lee County, MS | 83,034 | $162,980 | $956 | 70.8% |
| Lafayette County, MS | 58,327 | $217,605 | $1,085 | 63.8% |
Frequently Asked Questions
Common questions about the housing market in Union County, Mississippi.
What is the median home price in Union County, Mississippi?
The median home price in Union County, Mississippi is $257,292, higher than the Mississippi average of $130,069.
What is the average home price in Union County, Mississippi?
The typical home price in Union County, Mississippi, reported as the median sale price, is $257,292. 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 Union County, Mississippi?
The median gross rent in Union County, Mississippi is $864 per month, lower than the Mississippi average of $954.
What was the median gross rent in Union County in 2020?
In 2020, the median gross rent in Union County, Mississippi was $693 per month.
What is the price-to-rent ratio in Union County, Mississippi?
The price-to-rent ratio in Union County, Mississippi is about 24.8, meaning it would take roughly 24.8 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 Union County.
Are home prices or rent rising faster in Union County, Mississippi?
Both home prices and rent are rising in Union County, up about 46.4% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Union County, Mississippi?
60.0% of households in Union County, Mississippi own their home, about the same as the Mississippi average.
What is the vacancy rate in Union County, Mississippi?
The housing vacancy rate in Union County, Mississippi is 19.6%, higher than the Mississippi average of 14.6%.
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