Jones County Mississippi Residential Rent and Rental Statistics
The median monthly gross residential rent in Jones County MS was $643 in 2019 according to the Census ACS survey.1 Average gross rent in Jones County was $596 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Jones County median and average rent data will be released in September of 2021.
Data is also available below for Jones County rental vacancy rates, Jones County rent as a percent of median income and the fraction of renters in Jones County.
Real Gross Rent in Jones County Mississippi (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Mississippi Median Gross Rent | $777 | -1.77% | +1.97% |
| Jones County MS Median Gross Rent | $643 | -9.82% | -3.89% |
Jones County MS Real Gross Rent Trends
Median gross rent for Jones County peaked in real terms in 2017 at $759 and is now $116 (15.28%) lower. Average gross rent for Jones County peaked in real terms in 2011 at $661 and is now $65 (9.83%) lower.
Real Gross Rent: Jones County MS Median, Jones County MS Average, Mississippi Median, US Median
Real Gross Rent History for Jones County
| Date | US Median |
Mississippi Median |
Jones County MS Median |
Jones County MS Average |
|---|---|---|---|---|
| 2019 | $1,097 | $777 | $643 | $596 |
| 2018 | $1,077 | $791 | $713 | $578 |
| 2017 | $1,043 | $765 | $759 | $518 |
| 2016 | $1,027 | $762 | $669 | $578 |
| 2015 | $1,017 | $768 | $624 | $557 |
| 2014 | $986 | $751 | $656 | $554 |
| 2013 | $953 | $746 | $622 | $543 |
| 2012 | $940 | $708 | $652 | $579 |
| 2011 | $941 | $744 | $710 | $661 |
| 2010 | $955 | $751 | $656 | $558 |
| 2009 | $960 | $734 | $684 | $530 |
| 2007 | $927 | $715 | $724 | $603 |
| 2005 | $910 | $673 | $576 | $499 |
Historical Rental Vacancy Rate data for Jones County
| Date | US | Mississippi | Jones County MS |
|---|---|---|---|
| 2019 | 5.97% | 10.67% | — |
| 2018 | 6.15% | 10.48% | — |
| 2017 | 6.18% | 10.71% | — |
| 2016 | 5.89% | 8.63% | — |
| 2015 | 5.85% | 8.89% | — |
| 2014 | 6.32% | 9.10% | — |
| 2013 | 6.49% | 8.71% | — |
| 2012 | 6.77% | 10.91% | — |
| 2011 | 7.40% | 13.13% | — |
| 2010 | 8.17% | 12.60% | — |
| 2009 | 8.43% | 11.34% | — |
| 2007 | 7.87% | 10.16% | — |
| 2005 | 7.74% | 8.56% | — |
Rent as a Fraction of Income
Using median household income data for Jones County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Jones County, median monthly gross rent as a fraction of median household income was 20.52% in 2019 according to the ACS.
Jones County Mississippi Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Mississippi | 20.36% | -0.49% | -0.56% |
| Jones County MS | 20.52% | +3.52% | +2.84% |
Trends in Jones County MS Rent as a Fraction of Income
The fraction of median Jones County household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 22.47%. Since then it has fallen by 1.94% to 20.52%. From a 2018 low of 17.01%, the fraction of income going to rent has increased by 3.52%.
Fraction of Income towards Rent: Jones County MS, Mississippi, US
Historical Data for Annual Rent as a Fraction of Income in Jones County Mississippi
| Date | US | Mississippi | Jones County MS |
|---|---|---|---|
| 2019 | 20.03% | 20.36% | 20.52% |
| 2018 | 20.50% | 20.85% | 17.01% |
| 2017 | 20.13% | 20.46% | 22.47% |
| 2016 | 20.43% | 20.92% | 17.69% |
| 2015 | 20.63% | 21.40% | 21.48% |
| 2014 | 20.89% | 21.50% | 20.49% |
| 2013 | 20.78% | 22.38% | 20.91% |
| 2012 | 20.65% | 21.54% | 21.27% |
| 2011 | 20.70% | 22.39% | 19.85% |
| 2010 | 20.50% | 21.88% | 19.61% |
| 2009 | 20.12% | 21.09% | 21.73% |
| 2007 | 18.66% | 20.11% | 21.89% |
| 2005 | 18.89% | 19.60% | 18.39% |
Renter Fraction in Jones County Mississippi
You can calculate the renter fraction in Jones 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 Jones County as a fraction of total Jones County households. In 2019 30.69% of households were renters according to Census ACS data.
Jones County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Mississippi | 32.68% | +0.89% | -0.05% |
| Jones County MS | 30.69% | +5.41% | +2.19% |
Trends in the Jones County MS Renter Fraction
At 30.69%, the 2019 household based renter fraction in Jones County was at its highest level. The origin year for the series is 2005.
Fraction of Renting Households: Jones County MS, Mississippi, US
History of Jones County Renter Fraction
| Date | US | Mississippi | Jones County MS |
|---|---|---|---|
| 2019 | 35.89% | 32.68% | 30.69% |
| 2018 | 36.05% | 31.79% | 25.28% |
| 2017 | 36.13% | 31.50% | 27.99% |
| 2016 | 36.88% | 32.73% | 28.50% |
| 2015 | 36.97% | 32.61% | 26.42% |
| 2014 | 36.90% | 32.33% | 29.48% |
| 2013 | 36.50% | 32.80% | 24.84% |
| 2012 | 36.09% | 31.81% | 26.20% |
| 2011 | 35.42% | 30.19% | 25.20% |
| 2010 | 34.65% | 30.24% | 26.09% |
| 2009 | 34.13% | 30.51% | 26.86% |
| 2007 | 32.80% | 28.71% | 29.22% |
| 2005 | 33.10% | 30.13% | 27.11% |
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. ↩
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