Montgomery County, Mississippi Housing Market
In Montgomery County, Mississippi, the median home value is $126,800, with a median monthly rent of $734. This places Montgomery County at #2527 nationally out of 3134 counties by median home value, and #34 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: $810
- Establishments: 205
- BLS QCEW, 2025
Housing Supply
- Single-family: 13
- Multi-family: 89
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 3,598 (avg $49,580)
- Outflow: 3,419 (avg $50,034)
- IRS Statistics of Income
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| Metric | Montgomery County | Mississippi Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $126,800 | $135,817 | $227,706 |
| Median Gross Rent | $734 | $804 | $968 |
| Owner Occupancy Rate | 75.8% | 72.4% | 73.3% |
| Price/Rent Ratio | 14.4 | 13.9 | 18.7 |
Market Analysis
The median home value in Montgomery County is 6.6% below the Mississippi state average and 44.3% below the U.S. national average. The median rent of $734/month is 8.7% below the state average.
With a price-to-rent ratio of 14.4, buying a home in Montgomery 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.
Montgomery County has an owner-occupancy rate of 75.8%, 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 |
|---|---|---|---|
| Bureau County | Illinois | $126,900 | $832 |
| Blaine County | Oklahoma | $126,900 | $852 |
| Perry County | Tennessee | $126,900 | $758 |
| Walthall County | Mississippi | $126,600 | $790 |
| Hockley County | Texas | $127,000 | $850 |
Other Counties in Mississippi
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Walthall County | $126,600 | $790 | 80.3% |
| Panola County | $127,800 | $874 | 71.1% |
| Winston County | $124,600 | $721 | 73.0% |
| Clay County | $129,100 | $817 | 71.3% |
| Tippah County | $124,100 | $790 | 74.8% |
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).