Wayne County, Mississippi Housing Market
In Wayne County, Mississippi, the median home value is $91,100, with a median monthly rent of $784. This places Wayne County at #3003 nationally out of 3134 counties by median home value, and #71 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: $867
- Establishments: 353
- BLS QCEW, 2025
Housing Supply
- Single-family: 5
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 7,170 (avg $52,978)
- Outflow: 6,927 (avg $53,528)
- IRS Statistics of Income
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| Metric | Wayne County | Mississippi Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $91,100 | $135,817 | $227,706 |
| Median Gross Rent | $784 | $804 | $968 |
| Owner Occupancy Rate | 85.3% | 72.4% | 73.3% |
| Price/Rent Ratio | 9.7 | 13.9 | 18.7 |
Market Analysis
The median home value in Wayne County is 32.9% below the Mississippi state average and 60.0% below the U.S. national average. The median rent of $784/month is 2.5% below the state average.
With a price-to-rent ratio of 9.7, buying a home in Wayne 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.
Wayne County has an owner-occupancy rate of 85.3%, 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 |
|---|---|---|---|
| Desha County | Arkansas | $90,900 | $718 |
| St. Francis County | Arkansas | $90,900 | $779 |
| Noxubee County | Mississippi | $90,800 | $677 |
| Clay County | Kentucky | $90,700 | $724 |
| Mingo County | West Virginia | $90,500 | $647 |
Other Counties in Mississippi
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Noxubee County | $90,800 | $677 | 73.0% |
| Coahoma County | $90,300 | $749 | 52.1% |
| Calhoun County | $90,300 | $662 | 72.0% |
| Jefferson Davis County | $90,100 | $757 | 84.5% |
| Wilkinson County | $90,000 | $686 | 78.4% |
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).