Hattiesburg Mississippi Residential Rent and Rental Statistics
The median monthly gross residential rent in Hattiesburg, MS (the Hattiesburg metro area) was $837 in 2019 according to the Census ACS survey.1 Average gross rent in Hattiesburg was $765 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 Hattiesburg median and average rent data will be released in September of 2021.
Data is also available below for Hattiesburg rental vacancy rates, Hattiesburg rent as a percent of median income and the fraction of renters in Hattiesburg.
Real Gross Rent in Hattiesburg 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% |
| Hattiesburg, MS Median Gross Rent | $837 | -0.95% | +2.83% |
Hattiesburg, MS Real Gross Rent Trends
Median gross rent for Hattiesburg peaked in real terms in 2018 at $845 and is now $8 (0.95%) lower. Average gross rent for Hattiesburg peaked in real terms in 2016 at $806 and is now $41 (5.09%) lower.
Real Gross Rent in Hattiesburg: Hattiesburg MS Median, Hattiesburg MS Average, Mississippi Median, US Median
Real Gross Rent History for Hattiesburg
| Date | US Median |
Mississippi Median |
Hattiesburg, MS Median |
Hattiesburg, MS Average |
|---|---|---|---|---|
| 2019 | $1,097 | $777 | $837 | $765 |
| 2018 | $1,077 | $791 | $845 | $783 |
| 2017 | $1,043 | $765 | $819 | $759 |
| 2016 | $1,027 | $762 | $814 | $806 |
| 2015 | $1,017 | $768 | $781 | $762 |
| 2014 | $986 | $751 | $806 | $738 |
| 2013 | $953 | $746 | $786 | $758 |
| 2012 | $940 | $708 | $763 | $714 |
| 2011 | $941 | $744 | $768 | $767 |
| 2010 | $955 | $751 | $783 | $731 |
| 2009 | $960 | $734 | $735 | $669 |
| 2007 | $927 | $715 | $753 | $661 |
| 2005 | $910 | $673 | $695 | $639 |
Hattiesburg Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Hattiesburg Mississippi was 11.56% according to Census ACS data.
Rental Vacancy Rate in Hattiesburg Mississippi
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Mississippi | 10.67% | +0.19% | +2.04% |
| Hattiesburg, MS | 11.56% | — | -0.15% |
Trends in Hattiesburg, MS Rental Vacancy Rate
The rental vacancy rate in Hattiesburg peaked in 2010 at 15.56%. Since then it has fallen by 4.00% to 11.56%. Data records for this series originated in 2005.
Rental Vacancy Rate: Hattiesburg MS, Mississippi, US
Historical Rental Vacancy Rate data for Hattiesburg
| Date | US | Mississippi | Hattiesburg, MS |
|---|---|---|---|
| 2019 | 5.97% | 10.67% | 11.56% |
| 2018 | 6.15% | 10.48% | — |
| 2017 | 6.18% | 10.71% | — |
| 2016 | 5.89% | 8.63% | 11.71% |
| 2015 | 5.85% | 8.89% | 8.96% |
| 2014 | 6.32% | 9.10% | 12.30% |
| 2013 | 6.49% | 8.71% | 7.32% |
| 2012 | 6.77% | 10.91% | — |
| 2011 | 7.40% | 13.13% | 11.75% |
| 2010 | 8.17% | 12.60% | 15.56% |
| 2009 | 8.43% | 11.34% | — |
| 2007 | 7.87% | 10.16% | 5.40% |
| 2005 | 7.74% | 8.56% | 6.65% |
Rent as a Fraction of Income
Using median household income data for Hattiesburg, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Hattiesburg, median monthly gross rent as a fraction of median household income was 20.77% in 2019 according to the ACS.
Hattiesburg 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% |
| Hattiesburg, MS | 20.77% | -1.24% | +0.83% |
Trends in Hattiesburg, MS Rent as a Fraction of Income
The fraction of median Hattiesburg household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 23.37%. Since then it has fallen by 2.60% to 20.77%.
Fraction of Income towards Rent: Hattiesburg MS, Mississippi, US
Historical Data for Annual Rent as a Fraction of Income in Hattiesburg Mississippi
| Date | US | Mississippi | Hattiesburg, MS |
|---|---|---|---|
| 2019 | 20.03% | 20.36% | 20.77% |
| 2018 | 20.50% | 20.85% | 22.01% |
| 2017 | 20.13% | 20.46% | 20.64% |
| 2016 | 20.43% | 20.92% | 19.94% |
| 2015 | 20.63% | 21.40% | 21.06% |
| 2014 | 20.89% | 21.50% | 21.79% |
| 2013 | 20.78% | 22.38% | 22.18% |
| 2012 | 20.65% | 21.54% | 23.37% |
| 2011 | 20.70% | 22.39% | 22.83% |
| 2010 | 20.50% | 21.88% | 21.83% |
| 2009 | 20.12% | 21.09% | 19.13% |
| 2007 | 18.66% | 20.11% | 20.49% |
| 2005 | 18.89% | 19.60% | 20.29% |
Renter Fraction in Hattiesburg Mississippi
You can calculate the renter fraction in Hattiesburg 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 Hattiesburg as a fraction of total Hattiesburg households. In 2019 38.44% of households were renters according to Census ACS data.
Hattiesburg 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% |
| Hattiesburg, MS | 38.44% | +0.74% | -1.36% |
Trends in the Hattiesburg, MS Renter Fraction
The Hattiesburg household renter fraction peaked in in 2013 at 42.17% and is now 3.73% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Hattiesburg MS, Mississippi, US
History of Hattiesburg Renter Fraction
| Date | US | Mississippi | Hattiesburg, MS |
|---|---|---|---|
| 2019 | 35.89% | 32.68% | 38.44% |
| 2018 | 36.05% | 31.79% | 37.70% |
| 2017 | 36.13% | 31.50% | 37.74% |
| 2016 | 36.88% | 32.73% | 39.80% |
| 2015 | 36.97% | 32.61% | 40.37% |
| 2014 | 36.90% | 32.33% | 34.28% |
| 2013 | 36.50% | 32.80% | 42.17% |
| 2012 | 36.09% | 31.81% | 41.38% |
| 2011 | 35.42% | 30.19% | 38.53% |
| 2010 | 34.65% | 30.24% | 35.97% |
| 2009 | 34.13% | 30.51% | 34.71% |
| 2007 | 32.80% | 28.71% | 33.94% |
| 2005 | 33.10% | 30.13% | 34.56% |
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. ↩
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