Monroe County, Mississippi Housing Market
In Monroe County, Mississippi, the median home value is $120,800, with a median monthly rent of $768. This places Monroe County at #2626 nationally out of 3134 counties by median home value, and #43 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: $1,073
- Establishments: 614
- BLS QCEW, 2025
Housing Supply
- Single-family: 26
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 12,794 (avg $56,404)
- Outflow: 12,327 (avg $56,936)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Monroe County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 39730 | 172.7 | +7.87% | 2025 |
| 2 | 38821 | 192.1 | +1.84% | 2025 |
| 3 | 39746 | 147.2 | -0.42% | 2021 |
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 Monroe County Compares
| Metric | Monroe County | Mississippi Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $120,800 | $135,817 | $227,706 |
| Median Gross Rent | $768 | $804 | $968 |
| Owner Occupancy Rate | 76.3% | 72.4% | 73.3% |
| Price/Rent Ratio | 13.1 | 13.9 | 18.7 |
Market Analysis
The median home value in Monroe County is 11.1% below the Mississippi state average and 46.9% below the U.S. national average. The median rent of $768/month is 4.5% below the state average.
With a price-to-rent ratio of 13.1, buying a home in Monroe 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.
Monroe County has an owner-occupancy rate of 76.3%, 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 |
|---|---|---|---|
| Jackson County | Florida | $120,800 | $865 |
| Union County | Arkansas | $120,900 | $847 |
| Cowley County | Kansas | $120,900 | $809 |
| Trego County | Kansas | $120,900 | $720 |
| Monroe County | Alabama | $120,600 | $666 |
Other Counties in Mississippi
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Webster County | $120,100 | $632 | 76.1% |
| Simpson County | $122,200 | $852 | 81.4% |
| Yalobusha County | $122,300 | $667 | 69.3% |
| Prentiss County | $122,500 | $637 | 77.5% |
| Marion County | $122,800 | $818 | 77.2% |
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).