Mississippi

Home prices in Mississippi and Jackson: median value and trend

Median owner-occupied home value: $186,500 in Mississippi and $110,200 in Jackson (Census ACS 2024). FHFA: Mississippi prices up 0.5% in a year.

Checked on against the official sources listed at the bottom of the page.

In short

The median value of owner-occupied homes is $186,500 in Mississippi and $110,200 in the city of Jackson, against $360,600 nationwide (Census ACS 2024). On the FHFA index, Mississippi prices up 0.5% from Q2 2025 to Q2 2026. The Jackson metro area rose 1.8% on a different FHFA series.

What it costs: median value in 2024

AreaMedian value, 2024Margin of error (90%)
United States$360,600±$618
Mississippi$186,500±$3,787
Jackson, MS metro area$210,000±$8,763
Hinds County$163,300±$12,217
City of Jackson$110,200±$10,065

Source: Census ACS 2024, table B25077; owners’ own estimates, not sale prices.

Three points stand out:

  • The Mississippi median is $174,100 below the national median.
  • The city of Jackson sits $76,300 below the Mississippi median and $99,800 below the Jackson metro median. The suburbs and neighboring counties pull the metro figure up: the metro median is $23,500 above the state’s.
  • The margin of error for the city (±$10,065) is wide, because the sample is smaller than for the state. The true city median is very likely between about $100,100 and $120,300.

How prices have moved: the FHFA index

Area1-year change (Q2 2025 to Q2 2026)5-year change (Q2 2021 to Q2 2026)
United States (purchase-only)+2.1%+33.4%
Mississippi (purchase-only)+0.5%+34.7%
Jackson, MS metro (all-transactions)*+1.8%+29.3%

Source: FHFA House Price Index quarterly files. Changes calculated by Payotte from the published index values.

*FHFA does not publish a purchase-only index for the Jackson metro area, which is outside its 100 largest. The row uses FHFA’s all-transactions index for metropolitan areas, which also counts appraisals from refinances and is not seasonally adjusted. Because both quarters are second quarters, the seasons cancel out. Do not compare it to the other rows to the decimal.

Mississippi prices were almost flat over the past year, while the national index rose 2.1%. Over five years, Mississippi gained slightly more than the nation.

A worked example

Take a Mississippi home worth $150,000 in the second quarter of 2021. Tracking the state index exactly, it would have been worth about $202,100 in the second quarter of 2026 (+34.7%). Over the last year alone, it would have gained about $900 (+0.5%). A single home can differ widely from the index.

How to use these figures when buying

Related: Mississippi closing costs guide, buying a home in Jackson and Mississippi first-time buyer programs.

Method and dataset

ACS median value. ACS 1-Year 2024, table B25077. Geographies: United States (0100000US), Mississippi (0400000US28), Jackson, MS Metro Area (310M700US27140), Hinds County (0500000US28049), Jackson city (1600000US2836000). Read through the data.census.gov API on October 13, 2026.

FHFA index. Quarterly files hpi_po_state.txt (Mississippi, purchase-only, seasonally adjusted), hpi_po_us_and_census.txt (USA, same basis) and hpi_at_metro.txt (Jackson, MS, CBSA 27140, all-transactions, not seasonally adjusted), release of August 25, 2026, data through the second quarter of 2026. Index values used: Mississippi 326.39 (Q2 2025), 243.38 (Q2 2021) and 327.91 (Q2 2026); United States 426.58, 326.58 and 435.69; Jackson metro 244.71, 192.59 and 249.00.

Frequently asked questions

What is the median home value in Mississippi?

Mississippi’s 2024 ACS median home value is $186,500 (±$3,787), against $360,600 for the nation: owners’ own estimates, not sale prices.

What is the median home value in Jackson, Mississippi?

For the city of Jackson, the 2024 ACS median value is $110,200 (±$10,065). Hinds County is at $163,300 and the Jackson metro area at $210,000.

Are Mississippi home prices going up or down?

FHFA’s purchase-only index shows Mississippi prices rose 0.5% over the year to Q2 2026. Over five years, they rose 34.7%. For the Jackson metro area, FHFA’s all-transactions index rose 1.8% in a year and 29.3% in five.

How Mississippi compares with the other States

With a median of $186,500, Mississippi is 49th of 50, in the bottom ten, and sits 48% under the national $360,600.

The States closest in median value are West Virginia ($170,800) and Arkansas ($215,600). The range runs from $170,800 in West Virginia to $875,900 in Hawaii; Mississippi is $153,000 below the middle of that ranking (Wyoming).

On the FHFA index, Mississippi prices rose 0.5% over the year to the second quarter of 2026, which places the State 43rd of 50, 1.6 points behind the national +2.1%. Over five years the gain is +34.7% (33rd of 50; nation +33.4%).

Mississippi combines a median among the lowest in the country with a slower-than-most price trend over the past year.

Over five years, Mississippi's +34.7% annualises to +6.1% a year (nation +5.9%). The latest year (+0.5%) is 5.6 points under that average, a slower pace than the five-year average.

Jackson, the main city, has a median of $110,200, 48th of the 49 main cities Payotte covers. That is 41% below the Mississippi median, a discount that ranks 47th of 49.

The one-year FHFA change runs from -1.2% in New Mexico to +8.3% in Alaska. Mississippi (+0.5%) is 7.8 points below the top and 1.7 above the bottom; Texas (+0.5%) and North Carolina (+0.4%) are the nearest to it.

For scale, 20% of the Mississippi median is $37,300, against $72,120 at the national median.

Compare with the other states: Median home price by state.

More Mississippi guides

Sources

Mississippi · All states · Federal guides