Brandon, MS—39047
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Brandon, MS
As of Oct '25, the median home price in Brandon, MS is $288,000, with a year-over-year change of 0.7%. This indicates that home prices in Brandon, MS are flat. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $288,000 | 0.7% |
| Single Family | $289,000 | 0.7% |
| Condos | $197,000 | 2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $188,000 | 2.7% |
3 Bed | $261,000 | 0.8% |
4 Bed | $391,000 | 1.0% |
| 5 Bed | $561,000 | 2.9% |
% of Housing Stock
Rental Trends — Brandon, MS
As of July '25, Rentcast reports the average rent in Brandon, MS is $2,080, with a year-over-year rent change of -2.3%. Per bedroom, the median rent as of July '25 in Brandon, MS is 1-bedrooms: $1,800, 2-bedrooms: $1,810, 3-bedrooms: $1,990, 4-bedrooms: $2,900. The most common rental property sizes in Brandon, MS are 3-bedroom and 2-bedroom, accounting for 43.3% and 29.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,980 | $2,080 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,680 | $1,800 |
| 2 Bed Rent | $1,740 | $1,810 |
| 3 Bed Rent | $1,920 | $1,990 |
| 4 Bed Rent | $3,200 | $2,900 |
% of Rental Stock
Property Listings — Brandon, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Brandon, MS is 73. This is a increase of 15.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $400,000 | 3.0% |
Listing Count | 249 | 2.0% |
| Listings as % of Homes | 1.1% | 2.0% |
Days on Market | 73 | 15.0% |
Demographics — Brandon, MS
As of the latest ACS Survey released in 2023, Brandon, MS has a population of 40,900, which has increased by 5.4% over the past 5 years. Brandon, MS is a moderately popular place for families, as children make up 23.9% of the population. The area has a highly educated workforce, with 45.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,900 | 5.4% |
% Under 18 | 23.9% | 2.1% |
% Seniors | 14.5% | 13.3% |
% WFH | 7.9% | 119.4% |
% w/ College Degree | 45.4% | 3.4% |
As of the latest ACS Survey released in 2023, Brandon, MS is a predominantly white area, with 76.9% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Brandon, MS is black, making up 15.9% of the population. Foreign-born residents account for 3.1% of the population in Brandon, MS, and this percentage has decreased by 3.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 76.9% | -5.4% |
% Black | 15.9% | 26.2% |
% Hispanic | 2.1% | 5.0% |
% Asian | 1.3% | -45.8% |
% Foreign Born | 3.1% | -3.1% |
Mortgage and Risk — Brandon, MS
According to HUD data as of 2023, there were 1272 mortgage originations in Brandon, MS, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Brandon, MS. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,272 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Brandon, MS
As of 2024, the percent of homes in Brandon, MS under the Section 8 program is 3.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Brandon, MS, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 88 |
Total Units Section 8 | 88 |
% Rentals under Section 8 | 3.4% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$130 | $1,680 | $1,550 |
| 2 Bedroom | $80 | $1,740 | $1,820 |
| 3 Bedroom | $270 | $1,920 | $2,190 |
| 4 Bedroom | -$790 | $3,200 | $2,410 |
Affordability — Brandon, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $288,000 |
| Median Household Income | $93,100 |