Hancock County, Mississippi Housing Market
In Hancock County, Mississippi, the median home value is $224,200, with a median monthly rent of $977. This places Hancock County at #1135 nationally out of 3134 counties by median home value, and #7 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: $1,087
- Establishments: 1,028
- BLS QCEW, 2025
Housing Supply
- Single-family: 241
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 16,706 (avg $68,078)
- Outflow: 15,439 (avg $66,875)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 8 active ZIP codes in Hancock County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 39556 | 251.5 | +20.50% | 2025 |
| 2 | 39525 | 195.3 | — | 2025 |
| 3 | 39520 | 326.7 | +8.11% | 2025 |
| 4 | 39571 | 242.8 | -7.01% | 2025 |
| 5 | 39426 | 214.8 | -3.02% | 2025 |
| 6 | 39470 | 244.7 | +3.61% | 2025 |
| 7 | 39466 | 230.5 | +4.75% | 2025 |
| 8 | 39576 | 295.1 | +0.44% | 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 Hancock County Compares
| Metric | Hancock County | Mississippi Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $224,200 | $135,817 | $227,706 |
| Median Gross Rent | $977 | $804 | $968 |
| Owner Occupancy Rate | 79.2% | 72.4% | 73.3% |
| Price/Rent Ratio | 19.1 | 13.9 | 18.7 |
Market Analysis
The median home value in Hancock County is 65.1% above the Mississippi state average and 1.5% below the U.S. national average. The median rent of $977/month is 21.5% above the state average.
With a price-to-rent ratio of 19.1, the buy-vs-rent decision in Hancock County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Hancock County has an owner-occupancy rate of 79.2%, 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 |
|---|---|---|---|
| San Juan County | Utah | $224,200 | $867 |
| Berrien County | Michigan | $224,300 | $942 |
| Rock County | Minnesota | $224,300 | $698 |
| Hickman County | Tennessee | $224,100 | $893 |
| Marion County | Indiana | $224,000 | $1,153 |
Other Counties in Mississippi
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Lamar County | $224,700 | $1,126 | 69.5% |
| Harrison County | $212,200 | $1,115 | 62.2% |
| Rankin County | $237,400 | $1,270 | 76.8% |
| Oktibbeha County | $237,700 | $915 | 48.0% |
| Tate County | $209,000 | $963 | 76.0% |
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).