News Summary

As of June 2025, Mississippi’s housing market has experienced significant variations in home values across cities. While some locations like Oxford and Jackson show promising appreciation rates, others, such as Gulfport-Biloxi, reveal mixed results. Factors influencing these changes include increasing mortgage rates and market dynamics, leading potential buyers and investors to navigate fluctuating trends in the real estate landscape. Prospective homeowners must stay informed about these trends to make wise investment choices.

Mississippi Housing Market: Cities with the Most Expensive Homes in 2025

The housing market in Mississippi has shown a significant variation in home values across different cities as of June 2025. According to a recent analysis compiled by Stacker, the typical home value in Mississippi cities is influenced by notable fluctuations, with some areas experiencing appreciative gains, while others have encountered declines. The average home value in the United States stands at $367,369, reflecting a marginal increase of 0.2% from the previous year, alongside rising mortgage rates that have hit 6.75% for a 30-year fixed mortgage as of mid-July.

Key Findings in High-Value Metropolitan Areas

The top metropolitan regions contributing to Mississippi’s most expensive home markets include:

• Memphis, TN-MS-AR: 9 cities in the top 30
• Jackson, MS: 7 cities in the top 30
• Gulfport-Biloxi, MS: 6 cities in the top 30
• Oxford, MS: 4 cities in the top 30
• Hattiesburg, MS: 1 city in the top 30
• Columbus, MS: 1 city in the top 30
• Picayune, MS: 1 city in the top 30
• Starkville, MS: 1 city in the top 30

Home Values and Recent Trends

Specific home values across key Mississippi metropolitan areas reveal trends of both appreciation and depreciation:

• Gulfport-Biloxi, MS: Typical home value is $241,409, showing a 1-year drop of 2.3% but a 5-year increase of 32.0%.
• Oxford, MS: Home values average $244,239, experiencing a 1-year increase of 7.9% and a 5-year rise of 15.8%.
• Memphis, TN-MS-AR: Typical homes are valued at $245,266, with a 1-year increase of 3.1% and a 5-year surge of 41.6%.
• Jackson, MS: Homes are valued around $248,419, showing a 1-year price change of 1.0% and a 5-year increase of 40.8%.

While cities like Oxford and Jackson show promising appreciation rates, places such as Gulfport-Biloxi display mixed results with a recent decline. Additionally, other areas like Picayune, Starkville, and Hattiesburg, although not in the top 30, display varying patterns of price changes over the past year and five years.

Market Dynamics and Future Outlook

The Mississippi housing market is expected to fluctuate between a seller’s market and a more balanced buyer’s market. This dynamic emphasizes the significant influence of factors such as location, property size, age, and condition on home values. As the external pressures of rising mortgage rates and general economic conditions play a role in affordability, homeowners and potential buyers need to stay well-informed about current market trends.

Overall, the variances in Mississippi’s housing landscape highlight the breadth of investment opportunities available, depending on individual market conditions across various cities. As of 2025, prospective homebuyers and investors must navigate the complexities of these trends to make informed decisions in an ever-evolving real estate environment.

Deeper Dive: News & Info About This Topic

HERE Resources

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Additional Resources

• Stacker: Cities with the Most Expensive Homes in Mississippi
• Leader Call: Cities with the Most Expensive Homes in Mississippi
• Norada Real Estate: Mississippi Housing Market
• Clarion Ledger: How Much Do You Need to Make to Buy a Home in Mississippi
• Sun Herald: Local News on Mississippi Housing Market
• Wikipedia: Real Estate
• Encyclopedia Britannica: Real Estate
• Google Search: Mississippi housing market
• Google Scholar: Mississippi housing
• Google News: Mississippi housing

Author: STAFF HERE OXFORD WRITER

The OXFORD STAFF WRITER represents the experienced team at HEREOxford.com, your go-to source for actionable local news and information in Oxford, Lafayette County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Oxford Film Festival, Double Decker Arts Festival, and University of Mississippi football games. Our coverage extends to key organizations like the Oxford-Lafayette County Chamber of Commerce and the University of Mississippi, plus leading businesses in education and retail that power the local economy such as Ole Miss Athletics and Square Books. As part of the broader HERE network, we provide comprehensive, credible insights into Mississippi's dynamic landscape.