2024 · Mississippi
Rental yield in Mississippi
In 2024, the typical rental in Mississippi produced a gross yield of 6.4% — $990/mo median rent against a $187K median home value, ranking 1st of 51 states.
6.4%
Gross rental yield
above the 4.9% U.S. median
$990/mo
Median gross rent
incl. utilities (ACS)
$187K
Median home value
owner-occupied (ACS)
Mississippi metros by yield
Metropolitan areas in Mississippi with at least 65,000 residents, ranked by gross rental yield.
| Metro | Gross yield | Median rent | Median value |
|---|---|---|---|
| Jackson, MS | 6.3% | $1,100/mo | $210K |
| Hattiesburg, MS | 6.1% | $1,096/mo | $216K |
| Gulfport-Biloxi, MS | 6.0% | $1,146/mo | $228K |
| Memphis, TN-MS-AR | 5.6% | $1,330/mo | $283K |
Frequently asked questions
What is the gross rental yield in Mississippi?
In 2024, Mississippi had a gross rental yield of 6.4% — $990/mo median gross rent against a $187K median home value. That ranks 1st of 51 states (1 = highest yield). Nationally the figure was 4.9%.
Which Mississippi metros have the best rental yield?
Among Mississippi metros covered by the data, gross yield was highest in Jackson, MS (6.3%), Hattiesburg, MS (6.1%), and Gulfport-Biloxi, MS (6.0%).
Does this account for expenses or financing?
No. Gross yield is a top-line market screen — it excludes property taxes, insurance, vacancy, management, and financing. Use it to compare markets, then run a specific deal through a cap-rate or cash-flow calculator.
How investors finance deals in Mississippi
Yield shows where the numbers work; our Investor Financing Report for Mississippi shows the rate premium, denial rate, and DSCR lending investors face there.
Run a Mississippi deal
Source: U.S. Census Bureau, American Community Survey 2024 1-year estimates. Gross rental yield = (median gross rent × 12) ÷ median home value. A market screen, not a net return.