Washington County, Mississippi Housing Market
In Washington County, Mississippi, the median home value is $104,000, with a median monthly rent of $833. This places Washington County at #2870 nationally out of 3134 counties by median home value, and #61 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: $829
- Establishments: 1,117
- BLS QCEW, 2025
Housing Supply
- Single-family: 7
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 16,006 (avg $48,973)
- Outflow: 15,506 (avg $49,269)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Washington County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 38701 | 166.1 | +5.68% | 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.
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Washington County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Washington County →How Washington County Compares
| Metric | Washington County | Mississippi Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $104,000 | $135,817 | $227,706 |
| Median Gross Rent | $833 | $804 | $968 |
| Owner Occupancy Rate | 60.2% | 72.4% | 73.3% |
| Price/Rent Ratio | 10.4 | 13.9 | 18.7 |
Market Analysis
The median home value in Washington County is 23.4% below the Mississippi state average and 54.3% below the U.S. national average. The median rent of $833/month is 3.6% above the state average.
With a price-to-rent ratio of 10.4, buying a home in Washington 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.
Washington County has an owner-occupancy rate of 60.2%, 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 |
|---|---|---|---|
| Boyd County | Nebraska | $104,000 | $713 |
| Collingsworth County | Texas | $104,000 | $714 |
| Hardin County | Illinois | $103,800 | $379 |
| Rawlins County | Kansas | $103,800 | $817 |
| Concordia Parish | Louisiana | $103,800 | $771 |
Other Counties in Mississippi
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Attala County | $104,600 | $825 | 75.3% |
| Benton County | $105,100 | $731 | 86.0% |
| Covington County | $105,100 | $662 | 77.5% |
| Franklin County | $101,900 | $725 | 81.7% |
| Newton County | $106,300 | $638 | 79.1% |
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).