Lee County, Mississippi Housing Market
In Lee County, Mississippi, the median home value is $199,500, with a median monthly rent of $957. This places Lee County at #1405 nationally out of 3134 counties by median home value, and #10 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: $1,038
- Establishments: 2,616
- BLS QCEW, 2025
Housing Supply
- Single-family: 167
- Multi-family: 10
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 32,637 (avg $73,896)
- Outflow: 31,166 (avg $74,734)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Lee County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 38866 | 212.1 | +1.31% | 2025 |
| 2 | 38826 | 175.4 | -3.13% | 2025 |
| 3 | 38801 | 193.5 | +2.89% | 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.
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Lee County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Lee County →How Lee County Compares
| Metric | Lee County | Mississippi Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $199,500 | $135,817 | $227,706 |
| Median Gross Rent | $957 | $804 | $968 |
| Owner Occupancy Rate | 70.8% | 72.4% | 73.3% |
| Price/Rent Ratio | 17.4 | 13.9 | 18.7 |
Market Analysis
The median home value in Lee County is 46.9% above the Mississippi state average and 12.4% below the U.S. national average. The median rent of $957/month is 19.0% above the state average.
With a price-to-rent ratio of 17.4, the buy-vs-rent decision in Lee County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Lee County has an owner-occupancy rate of 70.8%, 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 |
|---|---|---|---|
| Ramsey County | North Dakota | $199,300 | $714 |
| Erie County | Ohio | $199,700 | $933 |
| Carter County | Montana | $199,200 | $824 |
| Cumberland County | North Carolina | $199,200 | $1,222 |
| Cullman County | Alabama | $199,100 | $908 |
Other Counties in Mississippi
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Jackson County | $193,100 | $1,101 | 72.7% |
| Tate County | $209,000 | $963 | 76.0% |
| Harrison County | $212,200 | $1,115 | 62.2% |
| Pearl River County | $182,300 | $906 | 80.4% |
| Tunica County | $175,900 | $977 | 39.5% |
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).