Rankin County, MS Home Values & Market Trends

The median home price in Rankin County, MS is $243,022.14. There were 1,651 home sales in Rankin County, MS over the past 12 months. The median residential Rankin County, MS home value for transactions over the previous year is $0. The number of current listings in Rankin County, MS is 469, and the percentage of properties for sale is 469.00%. The county has 20 foreclosures, 4 bank owned properties, 16 headed for auction, and 469 properties for sale.

Rankin County, MS Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Jackson

$ 158,078

$ 79/sqft

Flowood

$ 377,918

$ 155/sqft

Brandon

$ 285,059

$ 133/sqft

Richland

$ 212,250

$ 116/sqft

Pearl

$ 198,500

$ 134/sqft

Pelahatchie

$ 184,426

$ 113/sqft

Florence

$ 251,799

$ 125/sqft

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Housing Market Summary for Rankin County, MS

Apr 2023March 2024Change
Median Listing Price$262.3K$252.6K-3.72%
Median Sold Price$245.6K$252.6K2.83%
Homes For Sale4294443.50%
Homes Sold637583-8.48%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Rankin County, MS

Rankin County, MS home values range from $1,130 to $4,152,936. Flowood is the priciest city with a median listing home price of $365,000, and Jackson is most affordable with average house prices of around $165,450.

Foreclosure
There are 8 cities within Rankin County, MS; within these cities, the median estimated home value for homes in foreclosure ranges from $258,605 in Jackson to the lowest value of $31,526 in Jackson. Foreclosure homes account for 0.00% of properties in Rankin County, MS with Jackson containing 62 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Rankin County, MS with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 8 cities within Rankin County, MS; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Rankin County, MS ranges from the highest value of $155,202 in Brandon to the lowest value of $31,526 in Jackson. Bank owned homes and properties account for 0.01% of properties in Rankin County, MS. There are 8 cities within Rankin County, MS; Jackson containing 9 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Jackson has 53 auction properties, the highest number of properties going to auction in a single city in the state of Rankin County, MS. Auction homes and other auction properties account for 0.03% of all properties in Rankin County, MS. There are 8 cities within Rankin County, MS; of those cities, the median estimated home value for homes going to auction ranges from $656,210 in Florence to the lowest value of $34,104 in Florence.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.89% of residential properties in Rankin County, MS with Jackson containing 496 homes for sale, the highest number of listed properties in a single city. There are 8 cities within Rankin County, MS; homes for sale in those cities, have a range of median values from $1,318,878 in Pearl to the lowest value of $1,613 in Brandon.
    Sold Homes
    The median value for recently sold homes ranges from $1,208,606 in Florence to the lowest price of $31,900 in Florence. There are 8 cities within Rankin County, MS. Brandon has 336 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 1.20% of properties in Rankin County, MS.

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      Guide for Rankin County, MS

      A new house being built
      Investment Financing
      What Type of Loan Is Best for First-Time Home Buyers?
      Home Buying Financing
      What To Consider Before Renting a RTO Home
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      What To Consider Before Renting a RTO Home
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      Real Estate Market Report of Fargo, North Dakota – April 2024
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      The Fargo real estate market showcases significant fluctuation in property values, with trends indicating a favoring of sellers. Understanding these patterns is crucial for potential buyers, sellers, and investors.