Smith County, Mississippi Housing Market
In Smith County, Mississippi, the median home value is $112,600, with a median monthly rent of $664. This places Smith County at #2760 nationally out of 3134 counties by median home value, and #49 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: $1,033
- Establishments: 166
- BLS QCEW, 2025
Migration Patterns
- Inflow: 5,221 (avg $55,961)
- Outflow: 5,089 (avg $56,169)
- IRS Statistics of Income
🔗 Explore Smith County on Our Sister Sites
Get the complete picture for Smith County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Smith County Compares
| Metric | Smith County | Mississippi Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $112,600 | $135,817 | $227,706 |
| Median Gross Rent | $664 | $804 | $968 |
| Owner Occupancy Rate | 87.4% | 72.4% | 73.3% |
| Price/Rent Ratio | 14.1 | 13.9 | 18.7 |
Market Analysis
The median home value in Smith County is 17.1% below the Mississippi state average and 50.6% below the U.S. national average. The median rent of $664/month is 17.4% below the state average.
With a price-to-rent ratio of 14.1, buying a home in Smith 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.
Smith County has an owner-occupancy rate of 87.4%, 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 |
|---|---|---|---|
| Perry County | Illinois | $112,600 | $728 |
| Washington County | Georgia | $112,500 | $858 |
| Ben Hill County | Georgia | $112,700 | $688 |
| Union Parish | Louisiana | $112,500 | $778 |
| Grundy County | Missouri | $112,500 | $696 |
Other Counties in Mississippi
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Copiah County | $114,100 | $766 | 74.4% |
| Issaquena County | $110,800 | $339 | 66.0% |
| Pike County | $110,800 | $919 | 66.8% |
| Chickasaw County | $109,800 | $670 | 70.3% |
| Carroll County | $109,600 | $662 | 83.7% |
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).