Forrest County, Mississippi Housing Market
In Forrest County, Mississippi, the median home value is $168,000, with a median monthly rent of $972. This places Forrest County at #1848 nationally out of 3134 counties by median home value, and #14 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: $1,032
- Establishments: 1,958
- BLS QCEW, 2025
Housing Supply
- Single-family: 75
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 26,893 (avg $75,961)
- Outflow: 25,074 (avg $76,389)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 4 active ZIP codes in Forrest County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 39577 | 201.8 | -17.84% | 2025 |
| 2 | 39475 | 236.6 | +4.53% | 2025 |
| 3 | 39465 | 236.0 | -1.21% | 2025 |
| 4 | 39455 | 237.6 | +0.75% | 2024 |
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 Forrest County Compares
| Metric | Forrest County | Mississippi Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $168,000 | $135,817 | $227,706 |
| Median Gross Rent | $972 | $804 | $968 |
| Owner Occupancy Rate | 57.2% | 72.4% | 73.3% |
| Price/Rent Ratio | 14.4 | 13.9 | 18.7 |
Market Analysis
The median home value in Forrest County is 23.7% above the Mississippi state average and 26.2% below the U.S. national average. The median rent of $972/month is 20.9% above the state average.
With a price-to-rent ratio of 14.4, buying a home in Forrest 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.
Forrest County has an owner-occupancy rate of 57.2%, 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 |
|---|---|---|---|
| Keith County | Nebraska | $168,000 | $771 |
| Freestone County | Texas | $168,000 | $853 |
| Bethel Census Area | Alaska | $168,100 | $1,474 |
| Marion County | Kentucky | $168,100 | $726 |
| Marshall County | Mississippi | $167,900 | $868 |
Other Counties in Mississippi
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Marshall County | $167,900 | $868 | 79.1% |
| George County | $166,900 | $844 | 82.1% |
| Lowndes County | $164,100 | $930 | 61.3% |
| Union County | $163,400 | $865 | 74.7% |
| Stone County | $161,100 | $936 | 80.7% |
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).