Desoto County Mississippi Residential Rent and Rental Statistics
The median monthly gross residential rent in Desoto County MS was $1,066 in 2019 according to the Census ACS survey.1 Average gross rent in Desoto County was $1,035 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Desoto County median and average rent data will be released in September of 2021.
Data is also available below for Desoto County rental vacancy rates, Desoto County rent as a percent of median income and the fraction of renters in Desoto County.
Real Gross Rent in Desoto County Mississippi (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Mississippi Median Gross Rent | $777 | -1.77% | +1.97% |
| Desoto County MS Median Gross Rent | $1,066 | +1.72% | +2.80% |
Desoto County MS Real Gross Rent Trends
Median gross rent for Desoto County peaked in real terms in 2008 at $1,094 and is now $28 (2.56%) lower. Average gross rent for Desoto County peaked in real terms in 2008 at $1,056 and is now $21 (1.99%) lower.
Real Gross Rent: Desoto County MS Median, Desoto County MS Average, Mississippi Median, US Median
Real Gross Rent History for Desoto County
| Date | US Median |
Mississippi Median |
Desoto County MS Median |
Desoto County MS Average |
|---|---|---|---|---|
| 2019 | $1,097 | $777 | $1,066 | $1,035 |
| 2018 | $1,077 | $791 | $1,048 | $1,026 |
| 2017 | $1,043 | $765 | $1,016 | $999 |
| 2016 | $1,027 | $762 | $1,037 | $1,005 |
| 2015 | $1,017 | $768 | $1,012 | $1,011 |
| 2014 | $986 | $751 | $1,012 | $974 |
| 2013 | $953 | $746 | $990 | $967 |
| 2012 | $940 | $708 | $1,024 | $978 |
| 2011 | $941 | $744 | $946 | $900 |
| 2010 | $955 | $751 | $982 | $924 |
| 2009 | $960 | $734 | $976 | $982 |
| 2007 | $927 | $715 | $938 | $921 |
| 2005 | $910 | $673 | $934 | $896 |
Desoto County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Desoto County Mississippi was 12.35% according to Census ACS data.
Rental Vacancy Rate in Desoto County Mississippi
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Mississippi | 10.67% | +0.19% | +2.04% |
| Desoto County MS | — | — | — |
Trends in Desoto County MS Rental Vacancy Rate
At 12.35%, Desoto County residential rental vacancy rate in 2017 is at the highest point since 2005, the beginning of our reporting for this series.
Rental Vacancy Rate: Desoto County MS, Mississippi, US
Historical Rental Vacancy Rate data for Desoto County
| Date | US | Mississippi | Desoto County MS |
|---|---|---|---|
| 2019 | 5.97% | 10.67% | — |
| 2018 | 6.15% | 10.48% | — |
| 2017 | 6.18% | 10.71% | 12.35% |
| 2016 | 5.89% | 8.63% | — |
| 2015 | 5.85% | 8.89% | — |
| 2014 | 6.32% | 9.10% | 5.19% |
| 2013 | 6.49% | 8.71% | — |
| 2012 | 6.77% | 10.91% | 4.90% |
| 2011 | 7.40% | 13.13% | — |
| 2010 | 8.17% | 12.60% | 7.02% |
| 2009 | 8.43% | 11.34% | 6.23% |
| 2007 | 7.87% | 10.16% | — |
| 2005 | 7.74% | 8.56% | 9.89% |
Rent as a Fraction of Income
Using median household income data for Desoto County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Desoto County, median monthly gross rent as a fraction of median household income was 19.36% in 2019 according to the ACS.
Desoto County Mississippi Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Mississippi | 20.36% | -0.49% | -0.56% |
| Desoto County MS | 19.36% | +1.30% | +0.94% |
Trends in Desoto County MS Rent as a Fraction of Income
The fraction of median Desoto County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 21.36%. Since then it has fallen by 2.00% to 19.36%.
Fraction of Income towards Rent: Desoto County MS, Mississippi, US
Historical Data for Annual Rent as a Fraction of Income in Desoto County Mississippi
| Date | US | Mississippi | Desoto County MS |
|---|---|---|---|
| 2019 | 20.03% | 20.36% | 19.36% |
| 2018 | 20.50% | 20.85% | 18.06% |
| 2017 | 20.13% | 20.46% | 17.79% |
| 2016 | 20.43% | 20.92% | 18.42% |
| 2015 | 20.63% | 21.40% | 18.96% |
| 2014 | 20.89% | 21.50% | 19.82% |
| 2013 | 20.78% | 22.38% | 19.13% |
| 2012 | 20.65% | 21.54% | 21.36% |
| 2011 | 20.70% | 22.39% | 19.54% |
| 2010 | 20.50% | 21.88% | 17.47% |
| 2009 | 20.12% | 21.09% | 18.78% |
| 2007 | 18.66% | 20.11% | 16.38% |
| 2005 | 18.89% | 19.60% | 17.77% |
Renter Fraction in Desoto County Mississippi
You can calculate the renter fraction in Desoto County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Desoto County as a fraction of total Desoto County households. In 2019 28.37% of households were renters according to Census ACS data.
Desoto County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Mississippi | 32.68% | +0.89% | -0.05% |
| Desoto County MS | 28.37% | +1.81% | +0.43% |
Trends in the Desoto County MS Renter Fraction
The Desoto County household renter fraction peaked in in 2013 at 29.36% and is now 0.99% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Desoto County MS, Mississippi, US
History of Desoto County Renter Fraction
| Date | US | Mississippi | Desoto County MS |
|---|---|---|---|
| 2019 | 35.89% | 32.68% | 28.37% |
| 2018 | 36.05% | 31.79% | 26.56% |
| 2017 | 36.13% | 31.50% | 23.63% |
| 2016 | 36.88% | 32.73% | 27.94% |
| 2015 | 36.97% | 32.61% | 26.20% |
| 2014 | 36.90% | 32.33% | 28.94% |
| 2013 | 36.50% | 32.80% | 29.36% |
| 2012 | 36.09% | 31.81% | 25.20% |
| 2011 | 35.42% | 30.19% | 22.70% |
| 2010 | 34.65% | 30.24% | 25.51% |
| 2009 | 34.13% | 30.51% | 23.64% |
| 2007 | 32.80% | 28.71% | 23.00% |
| 2005 | 33.10% | 30.13% | 22.19% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
Here's where you are
- Home
- / Rent
- / Mississippi
- / Desoto County
