Department of Numbers

Forrest County Mississippi Residential Rent and Rental Statistics

The median monthly gross residential rent in Forrest County MS was $748 in 2017 according to the Census ACS survey.1 Average gross rent in Forrest County was $735 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 Forrest County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Forrest 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%
Forrest County MS Median Gross Rent $748 +3.17% -1.45%

Forrest County MS Real Gross Rent Trends

Median gross rent for Forrest County peaked in real terms in 2014 at $759 and is now $11 (1.45%) lower. Average gross rent for Forrest County peaked in real terms in 2016 at $743 and is now $8 (1.08%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Forrest County

Date US
Median
Mississippi
Median
Forrest County MS
Median
Forrest County MS
Average
2017 $1,012 $742 $748 $735
2016 $996 $739 $725 $743
2015 $987 $745 $717 $729
2014 $956 $728 $759 $704
2013 $924 $723 $733 $671
2012 $912 $687 $695 $703
2011 $912 $722 $699 $716
2010 $927 $728 $713 $664
2009 $931 $712 $691 $633
2008 $947 $733 $701 $701
2007 $899 $694 $711 $684
2006 $909 $695 $713 $612

Forrest County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2014 the rental vacancy rate for Forrest County Mississippi was 10.08% according to Census ACS data.

Rental Vacancy Rate in Forrest County Mississippi

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

Trends in Forrest County MS Rental Vacancy Rate

The rental vacancy rate in Forrest County peaked in 2011 at 11.81%. Since then it has fallen by 1.73% to 10.08%. Data records for this series originated in 2005.

Rental Vacancy Rate: Forrest County MS, Mississippi, US

Rental vacancy rate in Mississippi

Historical Rental Vacancy Rate data for Forrest County

Date US Mississippi Forrest County MS
2017 6.18% 10.71%
2016 5.89% 8.63%
2015 5.85% 8.89%
2014 6.32% 9.10% 10.08%
2013 6.49% 8.71%
2012 6.77% 10.91%
2011 7.40% 13.13% 11.81%
2010 8.17% 12.60%
2009 8.43% 11.34%
2008 7.86% 9.22%
2007 7.87% 10.16% 5.27%
2006 7.70% 9.37%

Rent as a Fraction of Income

Using median household income data for Forrest County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Forrest County, median monthly gross rent as a fraction of median household income was 21.18% in 2017 according to the ACS.

Forrest 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%
Forrest County MS 21.18% -1.81% -1.68%

Trends in Forrest County MS Rent as a Fraction of Income

The fraction of median Forrest County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 25.61%. Since then it has fallen by 4.43% to 21.18%.

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

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

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

Date US Mississippi Forrest County MS
2017 20.13% 20.46% 21.18%
2016 20.43% 20.92% 22.99%
2015 20.63% 21.40% 24.76%
2014 20.89% 21.50% 22.86%
2013 20.78% 22.38% 24.32%
2012 20.65% 21.54% 25.61%
2011 20.70% 22.39% 22.84%
2010 20.50% 21.88% 25.21%
2009 20.12% 21.09% 20.17%
2008 19.00% 20.26% 22.69%
2007 18.66% 20.11% 23.09%
2006 18.90% 20.33% 22.39%

Renter Fraction in Forrest County Mississippi

You can calculate the renter fraction in Forrest 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 Forrest County as a fraction of total Forrest County households. In 2017 44.34% of households were renters according to Census ACS data.

Forrest 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%
Forrest County MS 44.34% -0.45% +0.23%

Trends in the Forrest County MS Renter Fraction

The Forrest County household renter fraction peaked in in 2015 at 50.27% and is now 5.93% below that level. The origin year for the series is 2005.

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

Fraction of renters in Forrest County

History of Forrest County Renter Fraction

Date US Mississippi Forrest County MS
2017 36.13% 31.50% 44.34%
2016 36.88% 32.73% 44.79%
2015 36.97% 32.61% 50.27%
2014 36.90% 32.33% 44.11%
2013 36.50% 32.80% 45.40%
2012 36.09% 31.81% 44.55%
2011 35.42% 30.19% 47.63%
2010 34.65% 30.24% 42.22%
2009 34.13% 30.51% 43.94%
2008 33.36% 29.91% 40.95%
2007 32.80% 28.71% 41.69%
2006 32.73% 29.31% 43.88%

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.