Hinds County Mississippi Residential Rent and Rental Statistics
The median monthly gross residential rent in Hinds County MS was $883 in 2019 according to the Census ACS survey.1 Average gross rent in Hinds County was $808 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 Hinds County median and average rent data will be released in September of 2021.
Data is also available below for Hinds County rental vacancy rates, Hinds County rent as a percent of median income and the fraction of renters in Hinds County.
Real Gross Rent in Hinds 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% |
| Hinds County MS Median Gross Rent | $883 | +1.85% | +1.03% |
Hinds County MS Real Gross Rent Trends
At $883, real median gross rent in Hinds County was at its highest level in 2019 since the series began in 2005. Average gross rent for Hinds County peaked in real terms in 2016 at $849 and is now $41 (4.83%) lower.
Real Gross Rent: Hinds County MS Median, Hinds County MS Average, Mississippi Median, US Median
Real Gross Rent History for Hinds County
| Date | US Median |
Mississippi Median |
Hinds County MS Median |
Hinds County MS Average |
|---|---|---|---|---|
| 2019 | $1,097 | $777 | $883 | $808 |
| 2018 | $1,077 | $791 | $867 | $822 |
| 2017 | $1,043 | $765 | $865 | $789 |
| 2016 | $1,027 | $762 | $874 | $849 |
| 2015 | $1,017 | $768 | $866 | $810 |
| 2014 | $986 | $751 | $808 | $785 |
| 2013 | $953 | $746 | $773 | $763 |
| 2012 | $940 | $708 | $763 | $685 |
| 2011 | $941 | $744 | $805 | $765 |
| 2010 | $955 | $751 | $855 | $800 |
| 2009 | $960 | $734 | $826 | $691 |
| 2007 | $927 | $715 | $853 | $793 |
| 2005 | $910 | $673 | $818 | $755 |
Hinds County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Hinds County Mississippi was 11.09% according to Census ACS data.
Rental Vacancy Rate in Hinds County Mississippi
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Mississippi | 10.67% | +0.19% | +2.04% |
| Hinds County MS | — | — | — |
Trends in Hinds County MS Rental Vacancy Rate
The rental vacancy rate in Hinds County peaked in 2010 at 16.36%. Since then it has fallen by 5.27% to 11.09%. Data records for this series originated in 2005. From a 2016 post peak low of 6.61%, the rental vacancy rate has increased by 4.48%.
Rental Vacancy Rate: Hinds County MS, Mississippi, US
Historical Rental Vacancy Rate data for Hinds County
| Date | US | Mississippi | Hinds County MS |
|---|---|---|---|
| 2019 | 5.97% | 10.67% | — |
| 2018 | 6.15% | 10.48% | 11.09% |
| 2017 | 6.18% | 10.71% | 7.89% |
| 2016 | 5.89% | 8.63% | 6.61% |
| 2015 | 5.85% | 8.89% | 9.07% |
| 2014 | 6.32% | 9.10% | 8.19% |
| 2013 | 6.49% | 8.71% | 8.18% |
| 2012 | 6.77% | 10.91% | 9.72% |
| 2011 | 7.40% | 13.13% | 12.40% |
| 2010 | 8.17% | 12.60% | 16.36% |
| 2009 | 8.43% | 11.34% | — |
| 2007 | 7.87% | 10.16% | 12.20% |
| 2005 | 7.74% | 8.56% | 10.71% |
Rent as a Fraction of Income
Using median household income data for Hinds County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Hinds County, median monthly gross rent as a fraction of median household income was 23.57% in 2019 according to the ACS.
Hinds 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% |
| Hinds County MS | 23.57% | +1.07% | +0.61% |
Trends in Hinds County MS Rent as a Fraction of Income
The fraction of median Hinds County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 26.12%. Since then it has fallen by 2.56% to 23.57%. From a 2017 low of 22.05%, the fraction of income going to rent has increased by 1.51%.
Fraction of Income towards Rent: Hinds County MS, Mississippi, US
Historical Data for Annual Rent as a Fraction of Income in Hinds County Mississippi
| Date | US | Mississippi | Hinds County MS |
|---|---|---|---|
| 2019 | 20.03% | 20.36% | 23.57% |
| 2018 | 20.50% | 20.85% | 22.49% |
| 2017 | 20.13% | 20.46% | 22.05% |
| 2016 | 20.43% | 20.92% | 22.95% |
| 2015 | 20.63% | 21.40% | 25.11% |
| 2014 | 20.89% | 21.50% | 23.82% |
| 2013 | 20.78% | 22.38% | 26.12% |
| 2012 | 20.65% | 21.54% | 24.88% |
| 2011 | 20.70% | 22.39% | 25.60% |
| 2010 | 20.50% | 21.88% | 24.57% |
| 2009 | 20.12% | 21.09% | 23.56% |
| 2007 | 18.66% | 20.11% | 22.77% |
| 2005 | 18.89% | 19.60% | 22.18% |
Renter Fraction in Hinds County Mississippi
You can calculate the renter fraction in Hinds 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 Hinds County as a fraction of total Hinds County households. In 2019 45.64% of households were renters according to Census ACS data.
Hinds 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% |
| Hinds County MS | 45.64% | +2.28% | +5.18% |
Trends in the Hinds County MS Renter Fraction
At 45.64%, the 2019 household based renter fraction in Hinds County was at its highest level. The origin year for the series is 2005.
Fraction of Renting Households: Hinds County MS, Mississippi, US
History of Hinds County Renter Fraction
| Date | US | Mississippi | Hinds County MS |
|---|---|---|---|
| 2019 | 35.89% | 32.68% | 45.64% |
| 2018 | 36.05% | 31.79% | 43.36% |
| 2017 | 36.13% | 31.50% | 41.69% |
| 2016 | 36.88% | 32.73% | 40.46% |
| 2015 | 36.97% | 32.61% | 39.23% |
| 2014 | 36.90% | 32.33% | 41.60% |
| 2013 | 36.50% | 32.80% | 42.45% |
| 2012 | 36.09% | 31.81% | 40.89% |
| 2011 | 35.42% | 30.19% | 41.45% |
| 2010 | 34.65% | 30.24% | 37.61% |
| 2009 | 34.13% | 30.51% | 44.26% |
| 2007 | 32.80% | 28.71% | 37.91% |
| 2005 | 33.10% | 30.13% | 36.87% |
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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