Mississippi
Ranked #5 of 51 for housing affordability
Median Home Price
🏠$170K
3.13x income
Median Rent
🔑$898
29.5% rent-burdened
Median Income
💰$54K
Population: 2,940,057
Homeownership
🏡71.0%
1,415 experiencing homelessness
Housing Shortage
📉25,000
units needed
Building Permits (2024)
🔨7,883
Price-to-Income
📊3.13x
Severe Rent Burden
⚠️14.8%
paying >50% of income
Rent Burden Breakdown
vs. National Average
House Price Index (2000–2025)
FHFA All-Transactions HPI · Base = 100 (1980s)
HUD Fair Market Rents (FY2026)
Maximum rent HUD considers fair for Section 8 voucher holders
FMR ($1033) is above the state median rent ($898) — vouchers cover typical rents.
Metros in Mississippi
| Metro | Score | Home Price | Rent | Income | Rent Burden |
|---|---|---|---|---|---|
| Jackson | 70 | $204K | $964 | $63K | 31.0% |
| Gulfport-Biloxi | 86 | $205K | $1,034 | $60K | 20.6% |
| Hattiesburg | 85 | $192K | $997 | $55K | 21.8% |
Market Trends
Homeownership Rate
71.0%
Rent-to-Income Ratio
20.0%
of gross income spent on rent
Total Households
1,166,617
Owner-Occupied
829,160
Renter-Occupied
337,457
Homelessness
Latest Count (2024)
1,041
1-Year Change
+6.0%
10-Year Trend (2015–2024)
-47.5%
1,983 → 1,041
Housing Policies
Construction Activity
Total Permits (2024)
7,883
0.6% of national total
Single-Family
7,518
95% of state permits
Multi-Family
365
5% of state permits
Mortgage Access
National HMDA data — mortgage denial rates by race/ethnicity
Denial Rates by Race
Top Denial Reasons
Housing Shortage
State Shortage
25,000
units needed
National Shortage
7,300,000
0.3% of national total
Affordable Units per 100 ELI Renters
35
nationally (NLIHC)
National Shortage by Unit Type
45%
Single-Family
18%
Small Multi (2-4)
22%
Medium Multi (5-49)
15%
Large Multi (50+)
Rent Burden Detail
Mississippi burden rates with national demographic breakdown
Cost-Burdened Renters
29.5%
paying >30% of income
Severely Burdened
14.8%
paying >50% of income
Households >30% Burden
74,380
Households >35% Burden
45,924