Pike County, Mississippi Housing Market
In Pike County, Mississippi, the median home value is $110,800, with a median monthly rent of $919. This places Pike County at #2785 nationally out of 3134 counties by median home value, and #51 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: $792
- Establishments: 946
- BLS QCEW, 2025
Housing Supply
- Single-family: 4
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 13,827 (avg $47,515)
- Outflow: 13,105 (avg $47,868)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Pike County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 39648 | 190.2 | +16.60% | 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 Pike County Compares
| Metric | Pike County | Mississippi Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $110,800 | $135,817 | $227,706 |
| Median Gross Rent | $919 | $804 | $968 |
| Owner Occupancy Rate | 66.8% | 72.4% | 73.3% |
| Price/Rent Ratio | 10.0 | 13.9 | 18.7 |
Market Analysis
The median home value in Pike County is 18.4% below the Mississippi state average and 51.3% below the U.S. national average. The median rent of $919/month is 14.3% above the state average.
With a price-to-rent ratio of 10.0, buying a home in Pike 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.
Pike County has an owner-occupancy rate of 66.8%, 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 |
|---|---|---|---|
| Issaquena County | Mississippi | $110,800 | $339 |
| Calhoun County | Arkansas | $110,700 | $769 |
| Wayne County | Illinois | $110,700 | $657 |
| Falls County | Texas | $110,900 | $731 |
| Hidalgo County | New Mexico | $111,000 | $814 |
Other Counties in Mississippi
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Issaquena County | $110,800 | $339 | 66.0% |
| Chickasaw County | $109,800 | $670 | 70.3% |
| Carroll County | $109,600 | $662 | 83.7% |
| Smith County | $112,600 | $664 | 87.4% |
| Adams County | $108,700 | $734 | 68.1% |
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).