Summary
- • The average rent in Mississippi is $795 per month
- • Jackson, MS has an average rent of $872 per month
- • Gulfport, MS average rent is $945 per month
- • Hattiesburg, MS has an average rent of $831 per month
- • The average rent for a studio apartment in Mississippi is $628
- • One-bedroom apartments in Mississippi average $683 per month
- • Two-bedroom apartments in Mississippi have an average rent of $795
- • Three-bedroom apartments in Mississippi average $1,026 per month
- • Four-bedroom apartments in Mississippi have an average rent of $1,148
- • The Fair Market Rent for a two-bedroom apartment in Mississippi is $777
- • Rent in Mississippi has increased by 5% year-over-year
- • The median rent in Mississippi is $1,100 per month
- • Oxford, MS has the highest average rent in the state at $1,172 per month
- • Tupelo, MS has an average rent of $783 per month
- • Southaven, MS average rent is $1,090 per month
Mississippi may be known for its southern hospitality, but when it comes to rent prices, the state has a few surprises up its sleeve. From the charming city of Oxford, where rent prices can make you do a double-take, to the more affordable Greenville, where budget-friendly options abound, the Magnolia State offers a range of options to suit every pocket. With an average rent of $795, Mississippi proves that you dont need to break the bank to find a place to call home. Dive into the rent rollercoaster from bustling Jackson to the serene streets of Yazoo City, and discover just how far your hard-earned dollar can stretch in the land of the blues and barbecue.
Affordable Housing
- The average rent in Mississippi for Section 8 housing is $697
Interpretation
In a state where the hospitality is as warm as the weather, the average rent for Section 8 housing in Mississippi may seem about as rare as a cool breeze in July. At $697, this figure serves as a reminder of the ongoing challenges facing residents seeking affordable housing in the Magnolia State. It's a price tag that not only reflects the financial strain on individuals and families, but also underscores the vital need for policies and initiatives that promote accessible and equitable housing options for all Mississippians. In the land of the blues, this rent rate strikes a somber chord in the ongoing symphony of housing affordability struggles.
Affordable Renting
- Mississippi's most affordable city for renters is Greenville, with an average rent of $604
- Greenwood, MS has the lowest average rent in the state at $595 per month
- Clarksdale, MS has an average rent of $605 per month
- McComb, MS has an average rent of $675 per month
- Brookhaven, MS has an average rent of $695 per month
- Grenada, MS has an average rent of $645 per month
- Yazoo City, MS has an average rent of $615 per month
Interpretation
In the Mississippi rental market, where one's monthly budget is as strategic as a game of chess, the cities of Greenville and Greenwood reign as the humble champions of affordability, offering shelter fit for kings and queens at a mere $595-$604 per month. Meanwhile, the neighboring cities of Clarksdale, Grenada, and Yazoo City provide a middle-ground abode for the 'budget-conscious' aristocrats, priced between $605-$645. As the rent scale ascends, the urban knights of McComb, Brookhaven, and their ilk offer lodgings of higher prestige starting at $675 per month, tempting visionaries with dwelling spaces that could make even Rapunzel blush. So whether one's pocket jingles a tune of copper or silver, the Mississippi rental landscape has a castle suited for every noble tenant.
Apartment Characteristics
- The average apartment size in Mississippi is 934 sq.ft.
- The average rent for a pet-friendly apartment in Mississippi is $825
- The average rent for a furnished apartment in Mississippi is $1,050
- Rent for apartments with utilities included in Mississippi averages $925
- The average rent for a loft apartment in Mississippi is $1,100
- The average rent for a short-term furnished apartment in Mississippi is $1,200 per month
- The average rent for an apartment with a fitness center in Mississippi is $950
- The average rent for a newly constructed apartment in Mississippi is $1,150
- The average rent for an apartment with a pool in Mississippi is $975
Interpretation
In a state where hospitality runs deep, Mississippians are finding various ways to pay the rent, demonstrating that southern charm extends to their living spaces. From cozy pet-friendly pads to luxurious loft apartments, residents are willing to shell out a pretty penny for a comfortable abode. With options like fitness centers to keep those magnolia-state bodies in top shape and pools to beat the sweltering heat, it's clear that Mississippians take their living quarters seriously. So, whether you're a cotton farmer or a blues musician, there's a home sweet home waiting for you in the heart of Dixie.
Apartment Size Averages
- The average rent for a studio apartment in Mississippi is $628
- One-bedroom apartments in Mississippi average $683 per month
- Two-bedroom apartments in Mississippi have an average rent of $795
- Three-bedroom apartments in Mississippi average $1,026 per month
- Four-bedroom apartments in Mississippi have an average rent of $1,148
- The average rent for a studio apartment in Jackson, MS is $775
- The average rent for a one-bedroom apartment in Gulfport, MS is $816
- Rent for two-bedroom apartments in Hattiesburg, MS averages $891
- The average rent for a three-bedroom apartment in Jackson, MS is $1,124
- The average rent for a studio apartment in Southaven, MS is $825
- The average rent for a one-bedroom apartment in Oxford, MS is $1,015
- The average rent for a two-bedroom apartment in Biloxi, MS is $1,050
- The average rent for a three-bedroom apartment in Southaven, MS is $1,375
Interpretation
Ah, the dynamic world of Mississippi rent prices, where studio apartments come with a dash of affordability at $628 a month, and four-bedroom abodes toss in some spacious luxury for $1,148. In this renter's paradise, from the quaint charm of Oxford to the vibrant energy of Jackson, the price tags for a slice of Southern comfort vary: a studio in Jackson for $775, a three-bedroom in Southaven for $1,375, and everything in between. Whether you're looking for a cozy corner or a sprawling homestead, Mississippi's rental landscape offers a little something for every budget and style, serving up a side of Southern hospitality with each lease agreement.
Comparative Statistics
- Mississippi's average rent is 40.3% lower than the national average
Interpretation
In the land of sweet tea and southern charm, it seems that affordable housing is one thing Mississippi can truly boast about. With an average rent price that's nearly half the national average, one might wonder if this state is onto something in making sure its residents can still afford their mint juleps after paying the bills. It may not have all the glitz and glamour of bigger cities, but when it comes to a budget-friendly lifestyle, Mississippi certainly seems to have hit the jackpot.
Fair Market Rent
- The Fair Market Rent for a two-bedroom apartment in Mississippi is $777
Interpretation
While the average rent in Mississippi may seem like a steal compared to big city prices, let's not forget that it's not just the rent that's low – it's also the wages. With a fair market rent of $777 for a two-bedroom apartment, Mississippians may be saving on housing costs, but they're also grappling with one of the lowest median household incomes in the country. So, before we start celebrating the affordability of Mississippi rent, let's remember that cheap rent isn't necessarily a sign of prosperity – it could just mean there's a bigger economic puzzle at play.
House Rentals
- The average rent in Mississippi for a house is $1,050 per month
- The average rent for a townhouse in Mississippi is $950 per month
Interpretation
In Mississippi, it seems that where you choose to live can determine not just your address, but also your monthly budget. With a house rental costing an average of $1,050 per month and a townhouse coming in at $950, it's a fine line between having a backyard or being able to walk to the coffee shop in your pajamas. Whether you prefer the space of a house or the convenience of a townhouse, one thing is clear - in the Magnolia State, your choice of residence also comes with its own price tag.
Luxury Rentals
- The average rent for a luxury apartment in Jackson, MS is $1,286
Interpretation
In a state known for its warm hospitality and Southern charm, even the rent prices seem to have caught the Mississippi spirit by offering a sweet deal for luxury living in Jackson. At $1,286 for a luxury apartment, it's as if the state is whispering, "Come on down, y'all, and live the high life without breaking the bank." So, whether you're drawn in by the historic charm of Jackson or simply looking for a budget-friendly slice of luxury, Mississippi seems to have you covered.
Major City Averages
- Jackson, MS has an average rent of $872 per month
- Gulfport, MS average rent is $945 per month
- Hattiesburg, MS has an average rent of $831 per month
- Oxford, MS has the highest average rent in the state at $1,172 per month
- Tupelo, MS has an average rent of $783 per month
- Southaven, MS average rent is $1,090 per month
- The average rent in Biloxi, MS is $945 per month
- Starkville, MS has an average rent of $889 per month
- The average rent in Meridian, MS is $725 per month
- Columbus, MS has an average rent of $714 per month
- Olive Branch, MS has an average rent of $1,235 per month
- Madison, MS has the second-highest average rent in the state at $1,168 per month
- Vicksburg, MS has an average rent of $734 per month
- The average rent in Pascagoula, MS is $778 per month
- Clinton, MS has an average rent of $923 per month
- Horn Lake, MS has an average rent of $1,013 per month
- The average rent in Ridgeland, MS is $1,064 per month
- Brandon, MS has an average rent of $1,021 per month
- Ocean Springs, MS has an average rent of $1,005 per month
- Long Beach, MS has an average rent of $918 per month
- Laurel, MS has an average rent of $715 per month
- Natchez, MS has an average rent of $698 per month
- Cleveland, MS has an average rent of $715 per month
Interpretation
In a state where hospitality is as warm as the Mississippi sun, the spectrum of average rents seems to mirror the diversity of its landscapes. From the bustling college town of Oxford with its haute couture rental prices to the laid-back charm of Tupelo where rent is as easy-going as a southern drawl, Mississippi offers a patchwork of affordability for all. So, whether you're sipping sweet tea on a front porch in Hattiesburg or dreaming of the blues in Vicksburg, the cost of living in the Magnolia State is as varied as its soulful melodies.
Overall State Average
- The average rent in Mississippi is $795 per month
- The median rent in Mississippi is $1,100 per month
Interpretation
Despite the contrasting figures, it seems that in Mississippi, the average rent is like that quiet, unassuming friend who never draws much attention, while the median rent is the flashy, charismatic one who steals the spotlight. At $795 per month, the average rent may appear affordable at first glance, yet the $1,100 median rent serves as a reminder that there is depth and complexity beneath the surface when it comes to housing costs in the Magnolia State. Welcome to the tale of two rents in Mississippi - where numbers tell a story beyond face value.
Rent Trends
- Rent in Mississippi has increased by 5% year-over-year
- Rent prices in Mississippi have grown by 14.5% since 2017
Interpretation
As the cost of living continues to rise, it seems that Mississippi is not exempt from the trend of soaring rent prices. With a 5% year-over-year increase and a staggering 14.5% growth since 2017, it appears that the state's rental market is going through a significant evolution. Perhaps Mississippi's real estate market is taking a cue from the state motto, "By valor and arms," as landlords arm themselves with the power of price hikes, challenging residents to demonstrate valor in navigating these increasing rental costs.
Renter Demographics
- 48% of households in Mississippi are renter-occupied
Interpretation
In Mississippi, where hospitality is a way of life, nearly half of households opt for a rental arrangement, proving that generosity extends beyond just offering a warm welcome. Whether choosing flexibility over commitment or embracing the shared camaraderie of communal living, these renters are adept at navigating the ever-changing tides of the real estate market with aplomb, showing that in the Magnolia State, home is where the heart—and lease—is.
Senior Housing
- The average rent for a senior living apartment in Mississippi is $2,550 per month
Interpretation
In the grand competitive dance of real estate prices, Mississippi's average rent for a senior living apartment at $2,550 per month plays the coy southern belle, charmingly affordable yet undeniably pricier than a plate of crawfish étouffée. While some may raise an eyebrow at the figure, one must appreciate the value of a comfortable senior abode in the land of sweet tea and Mississippi mud pie. It seems that even in the land of magnolias and mint juleps, a cozy retirement nest comes with a price tag as remarkable as the state's blues music legacy.
Student Housing
- The average rent for student housing in Mississippi is $558 per month