Lee County Mississippi Residential Rent and Rental Statistics
The median monthly gross residential rent in Lee County MS was $786 in 2019 according to the Census ACS survey.1 Average gross rent in Lee County was $726 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 Lee County median and average rent data will be released in September of 2021.
Data is also available below for Lee County rental vacancy rates, Lee County rent as a percent of median income and the fraction of renters in Lee County.
Real Gross Rent in Lee 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% |
| Lee County MS Median Gross Rent | $786 | -6.87% | +9.78% |
Lee County MS Real Gross Rent Trends
Median gross rent for Lee County peaked in real terms in 2018 at $844 and is now $58 (6.87%) lower. Average gross rent for Lee County peaked in real terms in 2018 at $747 and is now $21 (2.81%) lower.
Real Gross Rent: Lee County MS Median, Lee County MS Average, Mississippi Median, US Median
Real Gross Rent History for Lee County
| Date | US Median |
Mississippi Median |
Lee County MS Median |
Lee County MS Average |
|---|---|---|---|---|
| 2019 | $1,097 | $777 | $786 | $726 |
| 2018 | $1,077 | $791 | $844 | $747 |
| 2017 | $1,043 | $765 | $747 | $711 |
| 2016 | $1,027 | $762 | $716 | $717 |
| 2015 | $1,017 | $768 | $723 | $704 |
| 2014 | $986 | $751 | $734 | $689 |
| 2013 | $953 | $746 | $654 | $663 |
| 2012 | $940 | $708 | $672 | $653 |
| 2011 | $941 | $744 | $704 | $729 |
| 2010 | $955 | $751 | $704 | $609 |
| 2009 | $960 | $734 | $637 | $604 |
| 2007 | $927 | $715 | $603 | $589 |
| 2005 | $910 | $673 | $609 | $566 |
Lee County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2013 the rental vacancy rate for Lee County Mississippi was 6.09% according to Census ACS data.
Rental Vacancy Rate in Lee County Mississippi
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Mississippi | 10.67% | +0.19% | +2.04% |
| Lee County MS | — | — | — |
Trends in Lee County MS Rental Vacancy Rate
The rental vacancy rate in Lee County peaked in 2005 at 12.22%. Since then it has fallen by 6.13% to 6.09%. Data records for this series originated in 2005.
Rental Vacancy Rate: Lee County MS, Mississippi, US
Historical Rental Vacancy Rate data for Lee County
| Date | US | Mississippi | Lee County MS |
|---|---|---|---|
| 2019 | 5.97% | 10.67% | — |
| 2018 | 6.15% | 10.48% | — |
| 2017 | 6.18% | 10.71% | — |
| 2016 | 5.89% | 8.63% | — |
| 2015 | 5.85% | 8.89% | — |
| 2014 | 6.32% | 9.10% | — |
| 2013 | 6.49% | 8.71% | 6.09% |
| 2012 | 6.77% | 10.91% | 8.65% |
| 2011 | 7.40% | 13.13% | 6.13% |
| 2010 | 8.17% | 12.60% | 11.48% |
| 2009 | 8.43% | 11.34% | 7.69% |
| 2007 | 7.87% | 10.16% | — |
| 2005 | 7.74% | 8.56% | 12.22% |
Rent as a Fraction of Income
Using median household income data for Lee County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lee County, median monthly gross rent as a fraction of median household income was 18.97% in 2019 according to the ACS.
Lee 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% |
| Lee County MS | 18.97% | +0.22% | -0.46% |
Trends in Lee County MS Rent as a Fraction of Income
The fraction of median Lee County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 20.68%. Since then it has fallen by 1.70% to 18.97%.
Fraction of Income towards Rent: Lee County MS, Mississippi, US
Historical Data for Annual Rent as a Fraction of Income in Lee County Mississippi
| Date | US | Mississippi | Lee County MS |
|---|---|---|---|
| 2019 | 20.03% | 20.36% | 18.97% |
| 2018 | 20.50% | 20.85% | 18.75% |
| 2017 | 20.13% | 20.46% | 15.55% |
| 2016 | 20.43% | 20.92% | 19.43% |
| 2015 | 20.63% | 21.40% | 20.68% |
| 2014 | 20.89% | 21.50% | 19.30% |
| 2013 | 20.78% | 22.38% | 17.38% |
| 2012 | 20.65% | 21.54% | 18.41% |
| 2011 | 20.70% | 22.39% | 19.24% |
| 2010 | 20.50% | 21.88% | 18.32% |
| 2009 | 20.12% | 21.09% | 18.04% |
| 2007 | 18.66% | 20.11% | 14.24% |
| 2005 | 18.89% | 19.60% | 17.12% |
Renter Fraction in Lee County Mississippi
You can calculate the renter fraction in Lee 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 Lee County as a fraction of total Lee County households. In 2019 30.79% of households were renters according to Census ACS data.
Lee 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% |
| Lee County MS | 30.79% | -1.39% | -5.08% |
Trends in the Lee County MS Renter Fraction
The Lee County household renter fraction peaked in in 2014 at 37.74% and is now 6.95% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Lee County MS, Mississippi, US
History of Lee County Renter Fraction
| Date | US | Mississippi | Lee County MS |
|---|---|---|---|
| 2019 | 35.89% | 32.68% | 30.79% |
| 2018 | 36.05% | 31.79% | 32.18% |
| 2017 | 36.13% | 31.50% | 30.41% |
| 2016 | 36.88% | 32.73% | 35.87% |
| 2015 | 36.97% | 32.61% | 34.84% |
| 2014 | 36.90% | 32.33% | 37.74% |
| 2013 | 36.50% | 32.80% | 27.18% |
| 2012 | 36.09% | 31.81% | 31.76% |
| 2011 | 35.42% | 30.19% | 32.63% |
| 2010 | 34.65% | 30.24% | 31.28% |
| 2009 | 34.13% | 30.51% | 24.00% |
| 2007 | 32.80% | 28.71% | 29.60% |
| 2005 | 33.10% | 30.13% | 33.64% |
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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