Rent vs Buy in Mississippi
Compare 8 cities across Mississippi. Find out whether renting or buying makes more financial sense in your area.
8cities analyzed
Avg Home:$170,625
Avg Rent:$931/mo
Avg Price/Rent:15.4
Mississippi Housing Market Summary
8
Cities Analyzed
5
Favor Buying
0
Favor Renting
3
Toss-Up
Across Mississippi's 8 analyzed cities, the majority (5 cities) favor buying over renting. This suggests Mississippi generally offers good value for homebuyers.
The average home price in Mississippi is $170,625, with average rents at $931/month. This gives an average price-to-rent ratio of 15.4.
$Most Affordable Cities
$$Most Expensive Cities
All Mississippi Cities
Sorted by population. Click any city for detailed analysis.
| City | Median Price | Median Rent | Price/Rent | Break-even | Verdict |
|---|---|---|---|---|---|
| Jackson | $185,000 | $1,200 | 12.8 | 4 yrs | Buy |
| Gulfport | $175,000 | $1,000 | 14.6 | 6 yrs | Buy |
| Southaven | $165,000 | $900 | 15.3 | 4 yrs | Buy |
| Hattiesburg | $175,000 | $850 | 17.2 | 9 yrs | Toss-up |
| Biloxi | $175,000 | $850 | 17.2 | 7 yrs | Toss-up |
| Tupelo | $145,000 | $900 | 13.4 | 4 yrs | Buy |
| Meridian | $185,000 | $900 | 17.1 | 7 yrs | Toss-up |
| Greenville | $160,000 | $850 | 15.7 | 6 yrs | Buy |
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These are general analyses based on median values. Use our comprehensive Buy vs Rent calculator to input your specific income, savings, and financial goals.
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