Benton County, Mississippi Housing Market
In Benton County, Mississippi, the median home value is $105,100, with a median monthly rent of $731. This places Benton County at #2853 nationally out of 3134 counties by median home value, and #58 within Mississippi.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $944
- Establishments: 68
- BLS QCEW, 2025
Housing Supply
- Single-family: 1
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,946 (avg $49,454)
- Outflow: 2,833 (avg $49,005)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Benton County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 38663 | 215.0 | — | 2025 |
| 2 | 38635 | 219.0 | +0.00% | 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.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Benton County Compares
| Metric | Benton County | Mississippi Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $105,100 | $135,817 | $227,706 |
| Median Gross Rent | $731 | $804 | $968 |
| Owner Occupancy Rate | 86.0% | 72.4% | 73.3% |
| Price/Rent Ratio | 12.0 | 13.9 | 18.7 |
Market Analysis
The median home value in Benton County is 22.6% below the Mississippi state average and 53.8% below the U.S. national average. The median rent of $731/month is 9.1% below the state average.
With a price-to-rent ratio of 12.0, buying a home in Benton County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Benton County has an owner-occupancy rate of 86.0%, compared to 72.4% in Mississippi and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Sharp County | Arkansas | $105,100 | $766 |
| Covington County | Mississippi | $105,100 | $662 |
| Warren County | Illinois | $105,000 | $788 |
| Wallace County | Kansas | $105,000 | $601 |
| Conecuh County | Alabama | $105,300 | $834 |
Other Counties in Mississippi
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Covington County | $105,100 | $662 | 77.5% |
| Attala County | $104,600 | $825 | 75.3% |
| Washington County | $104,000 | $833 | 60.2% |
| Newton County | $106,300 | $638 | 79.1% |
| Scott County | $106,700 | $888 | 71.3% |
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 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).