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Monroe County Housing Market

Mississippi · 82 counties · Ranked #527 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$115,200

vs national$115,200 vs $281,900 national

Median Gross Rent

$721/mo

vs national$721 vs $1,163 national

Effective Tax Rate

0.75%

vs national0.75% vs 1.02% national

Median Household Income

$51,231

vs national$51,231 vs $74,755 national

Affordability Ratio

2.2x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

26.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$859

Tax as % of Home Value

0.75%

Monthly Owner Cost

$637

Renter Income

$26,465

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Mortgage

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Monroe County?

The median home value in Monroe County is $115,200. This is below the national median of $281,900.

How much is rent in Monroe County?

The median gross rent in Monroe County is $721 per month.

What is the property tax rate in Monroe County?

The effective property tax rate in Monroe County is 0.75%. The median annual property tax bill is $859.

Is Monroe County affordable?

With a home-value-to-income ratio of 2.2x, Monroe County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.