Rankin County, MS Home Values & Market Trends

The median home price in Rankin County, MS is $243,029.82. There were 1,690 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 465, and the percentage of properties for sale is 465.00%. The county has 19 foreclosures, 4 bank owned properties, 15 headed for auction, and 465 properties for sale.

Rankin County, MS Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Jackson

$ 155,787

$ 78/sqft

Flowood

$ 343,507

$ 153/sqft

Brandon

$ 286,360

$ 135/sqft

Richland

$ 212,250

$ 116/sqft

Pearl

$ 211,641

$ 132/sqft

Pelahatchie

$ 184,504

$ 115/sqft

Florence

$ 240,488

$ 117/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%
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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 $332,500, and Jackson is most affordable with average house prices of around $163,250.

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 55 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 $152,457 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 10 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Jackson has 45 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 $424,479 in Florence to the lowest value of $33,750 in Florence.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.88% of residential properties in Rankin County, MS with Jackson containing 484 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 $1,401,795 in Flowood to the lowest price of $25,967 in Flowood. There are 8 cities within Rankin County, MS. Brandon has 338 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 1.19% of properties in Rankin County, MS.

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      Guide for Rankin County, MS

      Market Reports
      Rising Real Estate: Biloxi Property Value Appreciates Amidst Market Fluctuations
      Home Buying Guides & Tips
      How To Stop a Foreclosure via a Short Sale
      Financing Guides
      How To Protect Your Credit Score After Foreclosure
      Market Reports
      Augusta, ME Property Values Soar to $342K Amid Dipping Sales Volume
      See More Articles
      Rising Real Estate: Biloxi Property Value Appreciates Amidst Market Fluctuations
      Market Reports|posted 9 April 2024

      Biloxi’s real estate market shows dynamic growth and consumer confidence, with property values rising from $271,000 to $290,000 within a year, despite some price fluctuations.

      How To Stop a Foreclosure via a Short Sale
      Home Buying Guides & Tips|posted 26 April 2024

      Learn how a short sale can stop the foreclosure process.

      How To Protect Your Credit Score After Foreclosure
      Financing Guides|posted 24 April 2024

      Learn effective strategies to safeguard your credit score after experiencing a foreclosure.

      Augusta, ME Property Values Soar to $342K Amid Dipping Sales Volume
      Market Reports|posted 24 April 2024

      The Augusta, Maine real estate market has seen considerable growth in property values and price per square foot, despite a decrease in sales. Comparisons with neighboring cities suggest diverse market conditions.