Department of Numbers

Desoto County Mississippi Residential Rent and Rental Statistics

The median monthly gross residential rent in Desoto County MS was $985 in 2017 according to the Census ACS survey.1 Average gross rent in Desoto County was $969 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Desoto County median and average rent data will be released in September of 2019.

Data is also available below for Desoto County rental vacancy rates, Desoto County rent as a percent of median income and the fraction of renters in Desoto County.

Show dollars as: Nominal Real

Real Gross Rent in Desoto County Mississippi (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Mississippi Median Gross Rent $742 +0.41% +1.92%
Desoto County MS Median Gross Rent $985 -1.99% +0.31%

Desoto County MS Real Gross Rent Trends

Median gross rent for Desoto County peaked in real terms in 2008 at $1,061 and is now $76 (7.16%) lower. Average gross rent for Desoto County peaked in real terms in 2008 at $1,025 and is now $56 (5.46%) lower.

Real Gross Rent: Desoto County MS Median, Desoto County MS Average, Mississippi Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Desoto County

Date US
Median
Mississippi
Median
Desoto County MS
Median
Desoto County MS
Average
2017 $1,012 $742 $985 $969
2016 $996 $739 $1,005 $975
2015 $987 $745 $982 $980
2014 $956 $728 $982 $945
2013 $924 $723 $960 $938
2012 $912 $687 $994 $948
2011 $912 $722 $918 $873
2010 $927 $728 $953 $896
2009 $931 $712 $946 $953
2008 $947 $733 $1,061 $1,025
2007 $899 $694 $909 $893
2006 $909 $695 $1,038 $913

Desoto County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Desoto County Mississippi was 12.35% according to Census ACS data.

Rental Vacancy Rate in Desoto County Mississippi

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Mississippi 10.71% +2.08% +1.61%
Desoto County MS 12.35% +7.16%

Trends in Desoto County MS Rental Vacancy Rate

At 12.35%, Desoto County residential rental vacancy rate in 2017 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Desoto County MS, Mississippi, US

Rental vacancy rate in Mississippi

Historical Rental Vacancy Rate data for Desoto County

Date US Mississippi Desoto County MS
2017 6.18% 10.71% 12.35%
2016 5.89% 8.63%
2015 5.85% 8.89%
2014 6.32% 9.10% 5.19%
2013 6.49% 8.71%
2012 6.77% 10.91% 4.90%
2011 7.40% 13.13%
2010 8.17% 12.60% 7.02%
2009 8.43% 11.34% 6.23%
2008 7.86% 9.22%
2007 7.87% 10.16%
2006 7.70% 9.37%

Rent as a Fraction of Income

Using median household income data for Desoto County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Desoto County, median monthly gross rent as a fraction of median household income was 17.79% in 2017 according to the ACS.

Desoto County Mississippi Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Mississippi 20.46% -0.47% -1.05%
Desoto County MS 17.79% -0.63% -2.03%

Trends in Desoto County MS Rent as a Fraction of Income

The fraction of median Desoto County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 21.36%. Since then it has fallen by 3.57% to 17.79%.

Fraction of Income towards Rent: Desoto County MS, Mississippi, US

Percent of median household income going towards median monthly gross rent in Desoto County Mississippi

Historical Data for Annual Rent as a Fraction of Income in Desoto County Mississippi

Date US Mississippi Desoto County MS
2017 20.13% 20.46% 17.79%
2016 20.43% 20.92% 18.42%
2015 20.63% 21.40% 18.96%
2014 20.89% 21.50% 19.82%
2013 20.78% 22.38% 19.13%
2012 20.65% 21.54% 21.36%
2011 20.70% 22.39% 19.54%
2010 20.50% 21.88% 17.47%
2009 20.12% 21.09% 18.78%
2008 19.00% 20.26% 18.46%
2007 18.66% 20.11% 16.38%
2006 18.90% 20.33% 19.69%

Renter Fraction in Desoto County Mississippi

You can calculate the renter fraction in Desoto 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 Desoto County as a fraction of total Desoto County households. In 2017 23.63% of households were renters according to Census ACS data.

Desoto County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Mississippi 31.50% -1.23% -0.83%
Desoto County MS 23.63% -4.31% -5.31%

Trends in the Desoto County MS Renter Fraction

The Desoto County household renter fraction peaked in in 2013 at 29.36% and is now 5.73% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Desoto County MS, Mississippi, US

Fraction of renters in Desoto County

History of Desoto County Renter Fraction

Date US Mississippi Desoto County MS
2017 36.13% 31.50% 23.63%
2016 36.88% 32.73% 27.94%
2015 36.97% 32.61% 26.20%
2014 36.90% 32.33% 28.94%
2013 36.50% 32.80% 29.36%
2012 36.09% 31.81% 25.20%
2011 35.42% 30.19% 22.70%
2010 34.65% 30.24% 25.51%
2009 34.13% 30.51% 23.64%
2008 33.36% 29.91% 22.59%
2007 32.80% 28.71% 23.00%
2006 32.73% 29.31% 20.64%

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.