Mississippi Real Estate
According to census data in the year 2000 there were 1,161,953 housing units in Mississippi.
This represents a 15% from 1,010,423 in 1990.
Of those housing units, 566,530 were located in either urbanized areas or urban clusters, and 595,423 were located in what is classified as a rural area.
Homeownership rate in Mississippi is about 72.4%.
Mississippi's vacancy rate, including seasonal lodging, is about 9.9%.
Average household size is 2.63 people.
The majority of houses, apartments or condos in Mississippi were built after 1976.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.3% |
| One Bedroom | 8.6% |
| Two Bedrooms | 26.8% |
| Three Bedrooms | 49.8% |
| Four Bedrooms | 11.7% |
| Five Bedrooms or more | 1.9% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1977 |
| Median Value of occupied units | $71,400 |
| Median Price asked for vacant units | $53,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.52 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $341 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.1% |
| Second Mortgage | 5.8% |
| Home Equity Loan | 4.0% |
| Simple Mortgage | 52.1% |
| Debt Free | 37.9% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.1% |
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