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Mississippi Real Estate Market Trends 2026

195000

Median Price
Vacancy Rate %

9.8

Population

2940057

Population Growth %

-0.3

Home Price YoY % Change

2.5

Average Cap Rate %

8.5

Rent Yoy % Growth

3.5

Median Rent

780

Market Overview

Mississippi's real estate market in 2026 features a median home price of $195,000, reflecting a +2.5% year-over-year change. The rental market shows rising rents with a median one-bedroom at $780/month and two-bedroom at $920/month (+3.5% YoY). With a population of 2.9M that is experiencing population decline, Mississippi represents a affordable market with limited rental demand. The vacancy rate of 9.8% is above the national average (national: 7.2%). Top investment cities include Jackson, Gulfport, Biloxi, Hattiesburg, Southaven. Mississippi is considered landlord-friendly in terms of rental regulations.

Top Investment Cities

Jackson, Gulfport, Biloxi, Hattiesburg, Southaven

Investment Outlook

Mississippi offers compelling investment opportunities with an average cap rate of 8.5%. The affordable entry points combined with limited rental demand create favorable cash flow potential for buy-and-hold investors. While population growth is modest, the affordable price-to-rent ratio supports strong yields. Focus on Jackson, Gulfport, Biloxi for the best risk-adjusted returns.

Key Takeaways for 2026

Median home price: $195,000 (+2.5% YoY)
Average rent: $780-$920/mo
Cap rate: 8.5%
Vacancy: 9.8%
Population growth: -0.3%
Demand: Low
Regulation: Landlord-Friendly

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