Home/Mississippi/Rankin County

Rankin County Housing Market

Mississippi · 82 counties · Ranked #2169 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$223,400

vs national$223,400 vs $281,900 national

Median Gross Rent

$1,210/mo

vs national+$1,210 vs $1,163 national

Effective Tax Rate

0.62%

vs national0.62% vs 1.02% national

Median Household Income

$77,454

vs national+$77,454 vs $74,755 national

Affordability Ratio

2.9x

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

Rent Burden

31.0%

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

More Housing Data

Property Tax (Median)

$1,384

Tax as % of Home Value

0.62%

Monthly Owner Cost

$1,091

Renter Income

$42,332

Take Action

Property Tax

Lower Your Property Tax

Ownwell can help you appeal your property tax assessment. Average savings: $$208+/year.

Mortgage

Compare Mortgage Rates

See current mortgage rates from multiple lenders. Shop and compare to find your best rate.

Home Search

Browse Homes on Zillow

Search active listings in Rankin County. See photos, prices, and open house dates.

Similar Counties by Home Value

Explore Related Data

Frequently Asked Questions

What is the median home value in Rankin County?

The median home value in Rankin County is $223,400. This is below the national median of $281,900.

How much is rent in Rankin County?

The median gross rent in Rankin County is $1,210 per month.

What is the property tax rate in Rankin County?

The effective property tax rate in Rankin County is 0.62%. The median annual property tax bill is $1,384.

Is Rankin County affordable?

With a home-value-to-income ratio of 2.9x, Rankin 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.