Department of Numbers

Hinds County Mississippi Residential Rent and Rental Statistics

The median monthly gross residential rent in Hinds County MS was $839 in 2017 according to the Census ACS survey.1 Average gross rent in Hinds County was $765 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 Hinds County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Hinds 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%
Hinds County MS Median Gross Rent $839 -1.06% +7.15%

Hinds County MS Real Gross Rent Trends

Median gross rent for Hinds County peaked in real terms in 2016 at $848 and is now $9 (1.06%) lower. Average gross rent for Hinds County peaked in real terms in 2016 at $824 and is now $59 (7.16%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Hinds County

Date US
Median
Mississippi
Median
Hinds County MS
Median
Hinds County MS
Average
2017 $1,012 $742 $839 $765
2016 $996 $739 $848 $824
2015 $987 $745 $840 $786
2014 $956 $728 $783 $762
2013 $924 $723 $750 $740
2012 $912 $687 $740 $664
2011 $912 $722 $780 $742
2010 $927 $728 $829 $776
2009 $931 $712 $801 $670
2008 $947 $733 $820 $737
2007 $899 $694 $827 $769
2006 $909 $695 $829 $768

Hinds 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 Hinds County Mississippi was 7.89% according to Census ACS data.

Rental Vacancy Rate in Hinds County Mississippi

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Mississippi 10.71% +2.08% +1.61%
Hinds County MS 7.89% +1.28% -0.30%

Trends in Hinds County MS Rental Vacancy Rate

The rental vacancy rate in Hinds County peaked in 2010 at 16.36%. Since then it has fallen by 8.47% to 7.89%. Data records for this series originated in 2005. From a 2016 post peak low of 6.61%, the rental vacancy rate has increased by 1.28%.

Rental Vacancy Rate: Hinds County MS, Mississippi, US

Rental vacancy rate in Mississippi

Historical Rental Vacancy Rate data for Hinds County

Date US Mississippi Hinds County MS
2017 6.18% 10.71% 7.89%
2016 5.89% 8.63% 6.61%
2015 5.85% 8.89% 9.07%
2014 6.32% 9.10% 8.19%
2013 6.49% 8.71% 8.18%
2012 6.77% 10.91% 9.72%
2011 7.40% 13.13% 12.40%
2010 8.17% 12.60% 16.36%
2009 8.43% 11.34%
2008 7.86% 9.22% 8.13%
2007 7.87% 10.16% 12.20%
2006 7.70% 9.37% 12.80%

Rent as a Fraction of Income

Using median household income data for Hinds County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Hinds County, median monthly gross rent as a fraction of median household income was 22.05% in 2017 according to the ACS.

Hinds 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%
Hinds County MS 22.05% -0.90% -1.77%

Trends in Hinds County MS Rent as a Fraction of Income

The fraction of median Hinds County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 26.12%. Since then it has fallen by 4.07% to 22.05%.

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

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

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

Date US Mississippi Hinds County MS
2017 20.13% 20.46% 22.05%
2016 20.43% 20.92% 22.95%
2015 20.63% 21.40% 25.11%
2014 20.89% 21.50% 23.82%
2013 20.78% 22.38% 26.12%
2012 20.65% 21.54% 24.88%
2011 20.70% 22.39% 25.60%
2010 20.50% 21.88% 24.57%
2009 20.12% 21.09% 23.56%
2008 19.00% 20.26% 22.19%
2007 18.66% 20.11% 22.77%
2006 18.90% 20.33% 23.33%

Renter Fraction in Hinds County Mississippi

You can calculate the renter fraction in Hinds 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 Hinds County as a fraction of total Hinds County households. In 2017 41.69% of households were renters according to Census ACS data.

Hinds 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%
Hinds County MS 41.69% +1.23% +0.09%

Trends in the Hinds County MS Renter Fraction

The Hinds County household renter fraction peaked in in 2009 at 44.26% and is now 2.57% below that level. The origin year for the series is 2005.

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

Fraction of renters in Hinds County

History of Hinds County Renter Fraction

Date US Mississippi Hinds County MS
2017 36.13% 31.50% 41.69%
2016 36.88% 32.73% 40.46%
2015 36.97% 32.61% 39.23%
2014 36.90% 32.33% 41.60%
2013 36.50% 32.80% 42.45%
2012 36.09% 31.81% 40.89%
2011 35.42% 30.19% 41.45%
2010 34.65% 30.24% 37.61%
2009 34.13% 30.51% 44.26%
2008 33.36% 29.91% 39.89%
2007 32.80% 28.71% 37.91%
2006 32.73% 29.31% 37.03%

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.