Wayne County, Mississippi Housing Market Prices
Wayne 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 61% below the Mississippi median Cheaper than 70% of counties in Mississippi$50,595
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Median rent 18% below the Mississippi median$783
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Wayne County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $50,595 | $130,069 | $248,835 |
| Price Trend (Annual %) | -6.5% | 5.6% | 7.5% |
| Median Gross Rent | $783 | $954 | $1,407 |
| Rent Trend (Annual %) | 6.0% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wayne County is about 61% lower than in Mississippi. Rent is about 18% lower than the Mississippi average.
Median Home and Rent Price Trends
Median Home Prices, 2018-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Wayne County: home prices fell about 6.5% a year while rent rose about 6.0% a year. That is an unusual pattern worth watching.
Median rent in Wayne County rose about 54.1% between 2015 and 2024, from $508 to $783. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 1.3 yearly household incomes in Wayne County.
Buying the median-priced home in Wayne County costs roughly 5.4 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 Wayne County. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Wayne County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $50,595 | $130,069 | $248,835 |
| Median Household Income | $37,934 | $56,669 | $80,455 |
| Price-to-Income Ratio | 1.3 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2018 and 2024, the median home price in Wayne County fell about 46.7%, while median household income rose about 23.6% 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 | Wayne County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.7% | 59.8% | 58.5% |
| Rental Rate | 12.3% | 25.6% | 31.2% |
| Vacancy Rate | 16.0% | 14.6% | 10.2% |
| Median Tenure (years) | 21.0 | 16.0 | 15.0 |
| Median Year Moved In | 2005 | 2010 | 2011 |
Wayne County has a homeownership rate of 71.7%, higher than the Mississippi average of 59.8%. Its housing vacancy rate is 16.0%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Wayne County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1985 | 1986 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Wayne County was built around 1985. On average, 2.6 people live in a home with about 5.7 rooms, staying for about 21.0 years on average.
Wayne County, MS Housing Compared With Nearby Counties
How Wayne County, MS compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Wayne County, MS | 19,718 | $50,595 #2/3 | $783 #2/3 | 85.3% #2/3 |
| Jones County, MS | 66,472 | $43,367 | $868 | 75.1% |
| Washington County, AL | 15,143 | $151,620 | $655 | 85.8% |
Frequently Asked Questions
Common questions about the housing market in Wayne County, Mississippi.
What is the median home price in Wayne County, Mississippi?
The median home price in Wayne County, Mississippi is $50,595, lower than the Mississippi average of $130,069.
What is the average home price in Wayne County, Mississippi?
The typical home price in Wayne County, Mississippi, reported as the median sale price, is $50,595. 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 Wayne County, Mississippi?
The median gross rent in Wayne County, Mississippi is $783 per month, lower than the Mississippi average of $954.
What was the median gross rent in Wayne County in 2020?
In 2020, the median gross rent in Wayne County, Mississippi was $548 per month.
What is the price-to-rent ratio in Wayne County, Mississippi?
The price-to-rent ratio in Wayne County, Mississippi is about 5.4, meaning it would take roughly 5.4 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 Wayne County.
Are home prices or rent rising faster in Wayne County, Mississippi?
Home prices and rent are moving in opposite directions in Wayne County: home prices fell about 6.5% a year while rent rose about 6.0% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Wayne County, Mississippi?
71.7% of households in Wayne County, Mississippi own their home, higher than the Mississippi average of 59.8%.
What is the vacancy rate in Wayne County, Mississippi?
The housing vacancy rate in Wayne County, Mississippi is 16.0%, higher than the Mississippi average of 14.6%.
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