Ridgeland, MS 39157 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Ridgeland, MS—39157

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$291,000

2.8% YoY Growth

Household Income

$63,600

10.4% YoY Growth

Days on Market

6.0% Shorter YoY

Home Price Forecast

0.4%

Median Rent

$1,370

15.7% YoY Growth

1-Bed Rent

$1,070

36.5% YoY Growth

2-Bed Rent

$1,420

8.4% YoY Growth

3-Bed Rent

$1,700

8.1% YoY Growth

Home Price Trends — Ridgeland, MS

As of May '26, the median home price in Ridgeland, MS is $291,000, with a year-over-year change of 2.8%. This indicates that home prices in Ridgeland, MS are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$291,000	2.8%
Single Family	$292,000	2.5%
Condos	$275,000	5.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

3.1%

1 Bedroom

34.2%

2 Bedrooms

39.6%

3 Bedrooms

20.1%

4 Bedrooms

2.9%

5+ Bedrooms

0.1%

Property Listings — Ridgeland, MS

As of May '26, Realtor.com reports that the median days on market for a home in Ridgeland, MS is 66. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$406,000	-16.0%
Listing Count	92	-2.0%
Listings as % of Homes	0.3%	-2.0%
Days on Market	66	-6.0%

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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%

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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%

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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%

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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

Ridgeland, MS—39157

Key Metrics at a Glance

Home Price Trends — Ridgeland, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ridgeland, MS

% of Rental Stock

Property Listings — Ridgeland, MS

Demographics — Ridgeland, MS

Race and Ethnicity

Mortgage and Risk — Ridgeland, MS

Mortgages

Rentals and Section 8 — Ridgeland, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Ridgeland, MS

Home Price to Income Ratio

Ridgeland, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Tougaloo

Jackson, MS

Jackson, MS

Jackson, MS

Madison, MS

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.2
Median Home Price	$291,000
Median Household Income	$63,600

Ridgeland, MS—39157

Key Metrics at a Glance

Home Price Trends — Ridgeland, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ridgeland, MS

% of Rental Stock

Property Listings — Ridgeland, MS

Demographics — Ridgeland, MS

Race and Ethnicity

Mortgage and Risk — Ridgeland, MS

Mortgages

Rentals and Section 8 — Ridgeland, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Ridgeland, MS

Home Price to Income Ratio

Ridgeland, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Tougaloo

Jackson, MS

Jackson, MS

Jackson, MS

Madison, MS

Frequently Asked Questions

What is the average home price in Ridgeland, MS 39157?

How have home prices in Ridgeland, MS 39157 changed over the past year?

What is the home price projection for Ridgeland, MS 39157?

What are the demographics of Ridgeland, MS 39157?

How long does it take homes to sell in Ridgeland, MS 39157?

What is the average rent price in Ridgeland, MS 39157?