Mississippi Housing Market & Affordability 2026
Median home prices, homeownership rates, affordability trends, and housing policy in Mississippi for 2026.
$175,000
Median Home Price
Very High
Affordability Rating
68%
Homeownership Rate
+3.9%
Year-over-Year Change
Housing Market Overview
Mississippi has the lowest median home prices in the nation. Housing is very affordable in cost terms but faces quality and condition challenges in rural areas. Mississippi has significant manufactured housing usage. Economic conditions limit housing market dynamism and investment.
Key Housing Data
| Indicator | Value |
|---|---|
| Median Home Price | $175,000 |
| Year-over-Year Change | +3.9% |
| Affordability Rating | Very High |
| Homeownership Rate | 68% |
| Renter Cost Burden | 28% |
| Housing Inventory | Moderate |
| Zoning Environment | Permissive |
| Rent Control | None |
| Property Tax Burden (Rank) | #7 nationally |
Political Context
Housing policy in Mississippi is primarily about economic development and community revitalization rather than affordability per se. Federal programs like USDA Rural Development and CDBG are major housing finance sources. The state has focused on homeownership programs for low-income buyers.