Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Yazoo County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $275,000 | $119,791 | $242,182 |
| Price Trend (Annual %) | 62.8% | 5.1% | 8.2% |
| Median Gross Rent | $803 | $923 | $1,342 |
| Rent Trend (Annual %) | 4.9% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Yazoo County is about 130% higher than in Mississippi. Rent is about 13% lower than the Mississippi average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Yazoo County, up about 62.8% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Yazoo County rose about 39.9% between 2015 and 2023, from $575 to $803. Over the same span, rent in Mississippi rose about 28.9%.
Affordability
On average, housing unit costs 6.6 yearly household incomes in Yazoo County.
Buying the median-priced home in Yazoo County costs roughly 28.5 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 Yazoo County. The price-to-rent ratio in Mississippi is about 10.8.
| Metric | Yazoo County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $275,000 | $119,791 | $242,182 |
| Median Household Income | $41,772 | $55,084 | $78,145 |
| Price-to-Income Ratio | 6.6 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Yazoo County rose about 365.9%, while median household income rose about 46.0% between 2009 and 2023 — 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 | Yazoo County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.0% | 59.0% | 58.2% |
| Rental Rate | 37.9% | 25.9% | 31.3% |
| Vacancy Rate | 15.1% | 15.1% | 10.6% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Yazoo County has a homeownership rate of 47.0%, lower than the Mississippi average of 59.0%. Its housing vacancy rate is 15.1%, compared with 15.1% in Mississippi.
Housing Stock
| Metric | Yazoo County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1981 | 1985 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Yazoo County was built around 1981. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Yazoo County, Mississippi.
What is the median home price in Yazoo County, Mississippi?
The median home price in Yazoo County, Mississippi is $275,000, higher than the Mississippi average of $119,791.
What is the average home price in Yazoo County, Mississippi?
The typical home price in %s, reported as the median sale price, is %s. 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 Yazoo County, Mississippi?
The median gross rent in Yazoo County, Mississippi is $803 per month, lower than the Mississippi average of $923.
What was the median gross rent in Yazoo County in 2020?
In 2020, the median gross rent in Yazoo County, Mississippi was $741 per month.
What is the price-to-rent ratio in Yazoo County, Mississippi?
The price-to-rent ratio in Yazoo County, Mississippi is about 28.5, meaning it would take roughly 28.5 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 Yazoo County.
Are home prices or rent rising faster in Yazoo County, Mississippi?
Both home prices and rent are rising in Yazoo County, up about 62.8% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Yazoo County, Mississippi?
47.0% of households in Yazoo County, Mississippi own their home, lower than the Mississippi average of 59.0%.
What is the vacancy rate in Yazoo County, Mississippi?
The housing vacancy rate in Yazoo County, Mississippi is 15.1%, about the same as the Mississippi average.