Alcorn County, Mississippi Housing Market
In Alcorn County, Mississippi, the median home value is $142,100, with a median monthly rent of $751. This places Alcorn County at #2346 nationally out of 3134 counties by median home value, and #28 within Mississippi.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $930
- Establishments: 774
- BLS QCEW, 2025
Housing Supply
- Single-family: 25
- Multi-family: 10
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 11,903 (avg $59,664)
- Outflow: 11,301 (avg $60,163)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Alcorn County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 38834 | 226.3 | +1.64% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
How Alcorn County Compares
| Metric | Alcorn County | Mississippi Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $142,100 | $135,817 | $227,706 |
| Median Gross Rent | $751 | $804 | $968 |
| Owner Occupancy Rate | 67.8% | 72.4% | 73.3% |
| Price/Rent Ratio | 15.8 | 13.9 | 18.7 |
Market Analysis
The median home value in Alcorn County is 4.6% above the Mississippi state average and 37.6% below the U.S. national average. The median rent of $751/month is 6.6% below the state average.
With a price-to-rent ratio of 15.8, the buy-vs-rent decision in Alcorn County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Alcorn County has an owner-occupancy rate of 67.8%, compared to 72.4% in Mississippi and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Elbert County | Georgia | $142,000 | $844 |
| Livingston County | Illinois | $142,200 | $880 |
| Iosco County | Michigan | $142,200 | $719 |
| Cherokee County | South Carolina | $142,000 | $869 |
| Richland Parish | Louisiana | $141,900 | $903 |
Other Counties in Mississippi
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Itawamba County | $142,400 | $811 | 79.0% |
| Jones County | $143,100 | $869 | 75.1% |
| Tishomingo County | $145,100 | $682 | 79.5% |
| Lauderdale County | $133,300 | $953 | 65.1% |
| Grenada County | $132,200 | $807 | 66.6% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).