Department of Numbers

Hattiesburg Mississippi Residential Rent and Rental Statistics

The median monthly gross residential rent in Hattiesburg, MS (the Hattiesburg metro area) was $777 in 2016 according to the Census ACS survey.1 Average gross rent in Hattiesburg was $770 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Hattiesburg median and average rent data will be released in September of 2018.

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

Show dollars as: Nominal Real

Real Gross Rent in Hattiesburg Mississippi (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Mississippi Median Gross Rent $728 -0.68% +2.25%
Hattiesburg, MS Median Gross Rent $777 +4.16% +3.60%

Hattiesburg, MS Real Gross Rent Trends

At $777, real median gross rent in Hattiesburg was at its highest level in 2016 since the series began in 2005. At $770, real average gross rent in Hattiesburg was at its highest level in 2016 since the series began in 2005.

Real Gross Rent in Hattiesburg: Hattiesburg MS Median, Hattiesburg MS Average, Mississippi Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Hattiesburg

Date US
Median
Mississippi
Median
Hattiesburg, MS
Median
Hattiesburg, MS
Average
2016 $981 $728 $777 $770
2015 $972 $733 $746 $727
2014 $942 $717 $769 $705
2013 $910 $712 $750 $724
2012 $898 $677 $728 $682
2011 $898 $711 $733 $732
2010 $912 $717 $748 $698
2009 $916 $701 $702 $639
2008 $932 $722 $710 $697
2007 $885 $683 $719 $632
2006 $895 $685 $722 $624
2005 $869 $642 $664 $610

Hattiesburg Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Hattiesburg Mississippi was 11.71% according to Census ACS data.

Rental Vacancy Rate in Hattiesburg Mississippi

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Mississippi 8.63% -0.26% -0.08%
Hattiesburg, MS 11.71% +2.75% +4.39%

Trends in Hattiesburg, MS Rental Vacancy Rate

The rental vacancy rate in Hattiesburg peaked in 2010 at 15.56%. Since then it has fallen by 3.85% to 11.71%. Data records for this series originated in 2005.

Rental Vacancy Rate: Hattiesburg MS, Mississippi, US

Rental vacancy rate in Mississippi

Historical Rental Vacancy Rate data for Hattiesburg

Date US Mississippi Hattiesburg, MS
2016 5.89% 8.63% 11.71%
2015 5.85% 8.89% 8.96%
2014 6.32% 9.10% 12.30%
2013 6.49% 8.71% 7.32%
2012 6.77% 10.91%
2011 7.40% 13.13% 11.75%
2010 8.17% 12.60% 15.56%
2009 8.43% 11.34%
2008 7.86% 9.22% 8.81%
2007 7.87% 10.16% 5.40%
2006 7.70% 9.37% 5.34%
2005 7.74% 8.56% 6.65%

Rent as a Fraction of Income

Using median household income data for Hattiesburg, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Hattiesburg, median monthly gross rent as a fraction of median household income was 19.94% in 2016 according to the ACS.

Hattiesburg Mississippi Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Mississippi 20.92% -0.48% -1.46%
Hattiesburg, MS 19.94% -1.12% -2.24%

Trends in Hattiesburg, MS Rent as a Fraction of Income

The fraction of median Hattiesburg household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 23.37%. Since then it has fallen by 3.43% to 19.94%.

Fraction of Income towards Rent: Hattiesburg MS, Mississippi, US

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

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

Date US Mississippi Hattiesburg, MS
2016 20.43% 20.92% 19.94%
2015 20.63% 21.40% 21.06%
2014 20.89% 21.50% 21.79%
2013 20.78% 22.38% 22.18%
2012 20.65% 21.54% 23.37%
2011 20.70% 22.39% 22.83%
2010 20.50% 21.88% 21.83%
2009 20.12% 21.09% 19.13%
2008 19.00% 20.26% 20.48%
2007 18.66% 20.11% 20.49%
2006 18.90% 20.33% 21.19%
2005 18.89% 19.60% 20.29%

Renter Fraction in Hattiesburg Mississippi

You can calculate the renter fraction in Hattiesburg 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 Hattiesburg as a fraction of total Hattiesburg households. In 2016 39.80% of households were renters according to Census ACS data.

Hattiesburg Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Mississippi 32.73% +0.12% -0.07%
Hattiesburg, MS 39.80% -0.57% -2.37%

Trends in the Hattiesburg, MS Renter Fraction

The Hattiesburg household renter fraction peaked in in 2013 at 42.17% and is now 2.37% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Hattiesburg MS, Mississippi, US

Fraction of renters in Hattiesburg

History of Hattiesburg Renter Fraction

Date US Mississippi Hattiesburg, MS
2016 36.88% 32.73% 39.80%
2015 36.97% 32.61% 40.37%
2014 36.90% 32.33% 34.28%
2013 36.50% 32.80% 42.17%
2012 36.09% 31.81% 41.38%
2011 35.42% 30.19% 38.53%
2010 34.65% 30.24% 35.97%
2009 34.13% 30.51% 34.71%
2008 33.36% 29.91% 33.52%
2007 32.80% 28.71% 33.94%
2006 32.73% 29.31% 36.04%
2005 33.10% 30.13% 34.56%

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.