Simpson County, Mississippi Housing Market
In Simpson County, Mississippi, the median home value is $122,200, with a median monthly rent of $852. This places Simpson County at #2595 nationally out of 3134 counties by median home value, and #42 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: $769
- Establishments: 470
- BLS QCEW, 2025
Housing Supply
- Single-family: 74
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 8,850 (avg $52,206)
- Outflow: 8,554 (avg $52,171)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Simpson County Compares
| Metric | Simpson County | Mississippi Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $122,200 | $135,817 | $227,706 |
| Median Gross Rent | $852 | $804 | $968 |
| Owner Occupancy Rate | 81.4% | 72.4% | 73.3% |
| Price/Rent Ratio | 12.0 | 13.9 | 18.7 |
Market Analysis
The median home value in Simpson County is 10.0% below the Mississippi state average and 46.3% below the U.S. national average. The median rent of $852/month is 6.0% above the state average.
With a price-to-rent ratio of 12.0, buying a home in Simpson 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.
Simpson County has an owner-occupancy rate of 81.4%, 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 |
|---|---|---|---|
| Clinton County | Kentucky | $122,200 | $617 |
| Kent County | Texas | $122,200 | $675 |
| Grant County | Indiana | $122,300 | $853 |
| Yalobusha County | Mississippi | $122,300 | $667 |
| Roane County | West Virginia | $122,100 | $614 |
Other Counties in Mississippi
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Yalobusha County | $122,300 | $667 | 69.3% |
| Prentiss County | $122,500 | $637 | 77.5% |
| Marion County | $122,800 | $818 | 77.2% |
| Monroe County | $120,800 | $768 | 76.3% |
| Perry County | $124,000 | $755 | 81.5% |
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).