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:$176,462
Avg Rent:$1,180/mo
Avg Price/Rent:10.4
Mississippi Housing Market Summary
8
Cities Analyzed
1
Favor Buying
4
Favor Renting
2
Toss-Up
Across Mississippi's 8 analyzed cities, the majority (4 cities) favor renting over buying. High home prices relative to rents make renting more financially attractive in much of Mississippi.
The average home price in Mississippi is $176,462, with average rents at $1,180/month. This gives an average price-to-rent ratio of 10.4.
$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 | $125,429.9 | $1,343.33 | 7.8 | N/A | Toss-up |
| Gulfport | $220,811.09 | $1,389.67 | 13.2 | N/A | Rent |
| Southaven | $295,634.25 | $1,734.52 | 14.2 | N/A | Rent |
| Hattiesburg | $182,639.61 | $1,117.62 | 13.6 | N/A | Rent |
| Biloxi | $220,811.09 | $1,389.67 | 13.2 | N/A | Rent |
| Meridian | $122,774.7 | $1,195.67 | 8.6 | 12 yrs | Toss-up |
| Tupelo | $196,255.79 | $1,270.32 | 12.9 | 4 yrs | Buy |
| Greenville | $47,341.94 | $0 | 0.0 | N/A | Insufficient-data |
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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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