Panola County, Mississippi Housing Market
In Panola County, Mississippi, the median home value is $127,800, with a median monthly rent of $874. This places Panola County at #2508 nationally out of 3134 counties by median home value, and #33 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: $890
- Establishments: 623
- BLS QCEW, 2025
Housing Supply
- Single-family: 13
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 12,376 (avg $50,914)
- Outflow: 12,013 (avg $51,041)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Panola County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 38668 | 216.7 | +5.62% | 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 Panola County Compares
| Metric | Panola County | Mississippi Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $127,800 | $135,817 | $227,706 |
| Median Gross Rent | $874 | $804 | $968 |
| Owner Occupancy Rate | 71.1% | 72.4% | 73.3% |
| Price/Rent Ratio | 12.2 | 13.9 | 18.7 |
Market Analysis
The median home value in Panola County is 5.9% below the Mississippi state average and 43.9% below the U.S. national average. The median rent of $874/month is 8.7% above the state average.
With a price-to-rent ratio of 12.2, buying a home in Panola 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.
Panola County has an owner-occupancy rate of 71.1%, 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 |
|---|---|---|---|
| Richmond County | North Carolina | $127,800 | $724 |
| Jefferson County | Ohio | $127,800 | $835 |
| Marshall County | Kansas | $127,700 | $690 |
| Knox County | Nebraska | $127,700 | $647 |
| Chautauqua County | New York | $127,900 | $812 |
Other Counties in Mississippi
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Montgomery County | $126,800 | $734 | 75.8% |
| Walthall County | $126,600 | $790 | 80.3% |
| Clay County | $129,100 | $817 | 71.3% |
| Bolivar County | $130,000 | $685 | 62.6% |
| Winston County | $124,600 | $721 | 73.0% |
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).