Ridgeland, MS—39157
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ridgeland, MS
As of Oct '25, the median home price in Ridgeland, MS is $282,000, with a year-over-year change of 3.9%. This indicates that home prices in Ridgeland, MS are increasing. 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 | $282,000 | 3.9% |
| Single Family | $283,000 | 3.7% |
| Condos | $269,000 | 5.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $170,000 | 4.3% |
3 Bed | $234,000 | 4.0% |
4 Bed | $436,000 | 6.6% |
| 5 Bed | $814,000 | 4.2% |
% of Housing Stock
Rental Trends — Ridgeland, MS
As of July '25, Rentcast reports the average rent in Ridgeland, MS is $1,400, with a year-over-year rent change of -15.7%. Per bedroom, the median rent as of July '25 in Ridgeland, MS is studios: $1,500, 1-bedrooms: $1,140, 2-bedrooms: $1,420, 3-bedrooms: $1,870, 4-bedrooms: $2,420. The most common rental property sizes in Ridgeland, MS are 2-bedroom and 1-bedroom, accounting for 39.6% and 34.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,370 | $1,400 |
| Studio Rent | $1,500 | $1,500 |
| 1 Bed Rent | $1,070 | $1,140 |
| 2 Bed Rent | $1,420 | $1,420 |
| 3 Bed Rent | $1,700 | $1,870 |
| 4 Bed Rent | $1,700 | $2,420 |
% of Rental Stock
Property Listings — Ridgeland, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Ridgeland, MS is 89. This is a increase of 42.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $499,000 | 28.0% |
Listing Count | 85 | -6.0% |
| Listings as % of Homes | 0.3% | -6.0% |
Days on Market | 89 | 42.0% |
Demographics — Ridgeland, MS
As of the latest ACS Survey released in 2023, Ridgeland, MS has a population of 24,500, which has remained stable by 0.1% over the past 5 years. Ridgeland, MS is a moderately popular place for families, as children make up 21.9% of the population. The area has a highly educated workforce, with 50.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,500 | 0.1% |
% Under 18 | 21.9% | -4.8% |
% Seniors | 13.4% | 17.5% |
% WFH | 7.6% | 347.1% |
% w/ College Degree | 50.5% | -4.0% |
As of the latest ACS Survey released in 2023, Ridgeland, MS is a predominantly black area, with 43.7% of the population identifying as black. The black population has grown by 17.8% in the last 5 years. The second most common race or ethnicity in Ridgeland, MS is white, making up 43.4% of the population. Foreign-born residents account for 7.2% of the population in Ridgeland, MS, and this percentage has increased by 20.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 43.4% | -18.0% |
% Black | 43.7% | 17.8% |
% Hispanic | 7.3% | 58.7% |
% Asian | 3.0% | -16.7% |
% Foreign Born | 7.2% | 20.0% |
Mortgage and Risk — Ridgeland, MS
According to HUD data as of 2023, there were 404 mortgage originations in Ridgeland, MS, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Ridgeland, 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 | 404 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Ridgeland, MS
As of 2024, the percent of homes in Ridgeland, MS under the Section 8 program is 1.3%. 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. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Ridgeland, MS, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 88 |
Total Units Section 8 | 88 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | 86.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $1,070 | $1,190 |
| 2 Bedroom | -$30 | $1,420 | $1,390 |
| 3 Bedroom | -$30 | $1,700 | $1,670 |
| 4 Bedroom | $140 | $1,700 | $1,840 |
Affordability — Ridgeland, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $282,000 |
| Median Household Income | $63,600 |