Rankin County, Mississippi Housing Market
In Rankin County, Mississippi, the median home value is $237,400, with a median monthly rent of $1,270. This places Rankin County at #1015 nationally out of 3134 counties by median home value, and #5 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: $1,051
- Establishments: 4,594
- BLS QCEW, 2025
Housing Supply
- Single-family: 563
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 59,021 (avg $79,129)
- Outflow: 55,918 (avg $80,399)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 7 active ZIP codes in Rankin County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 39114 | 265.3 | +7.93% | 2025 |
| 2 | 39218 | 226.0 | -0.04% | 2025 |
| 3 | 39145 | 213.7 | -1.71% | 2025 |
| 4 | 39208 | 213.5 | +5.31% | 2025 |
| 5 | 39047 | 206.9 | +3.70% | 2025 |
| 6 | 39073 | 215.9 | -2.48% | 2025 |
| 7 | 39042 | 198.2 | +0.73% | 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 Rankin County Compares
| Metric | Rankin County | Mississippi Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $237,400 | $135,817 | $227,706 |
| Median Gross Rent | $1,270 | $804 | $968 |
| Owner Occupancy Rate | 76.8% | 72.4% | 73.3% |
| Price/Rent Ratio | 15.6 | 13.9 | 18.7 |
Market Analysis
The median home value in Rankin County is 74.8% above the Mississippi state average and 4.3% above the U.S. national average. The median rent of $1,270/month is 58.0% above the state average.
With a price-to-rent ratio of 15.6, the buy-vs-rent decision in Rankin County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Rankin County has an owner-occupancy rate of 76.8%, 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 |
|---|---|---|---|
| Grimes County | Texas | $237,400 | $1,069 |
| Lake and Peninsula Borough | Alaska | $237,500 | $936 |
| Dubuque County | Iowa | $237,300 | $959 |
| Beltrami County | Minnesota | $237,500 | $1,053 |
| Las Animas County | Colorado | $237,600 | $891 |
Other Counties in Mississippi
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Oktibbeha County | $237,700 | $915 | 48.0% |
| Lamar County | $224,700 | $1,126 | 69.5% |
| Hancock County | $224,200 | $977 | 79.2% |
| Harrison County | $212,200 | $1,115 | 62.2% |
| Tate County | $209,000 | $963 | 76.0% |
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).