Pearl, MS—39208
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pearl, MS
As of Oct '25, the median home price in Pearl, MS is $207,000, with a year-over-year change of 2.4%. This indicates that home prices in Pearl, MS are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $207,000 | 2.4% |
| Single Family | $206,000 | 2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $153,000 | 4.1% |
3 Bed | $199,000 | 2.6% |
4 Bed | $274,000 | 1.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pearl, MS
As of July '25, Rentcast reports the average rent in Pearl, MS is $1,590, with a year-over-year rent change of -5.4%. Per bedroom, the median rent as of July '25 in Pearl, MS is 1-bedrooms: $1,420, 2-bedrooms: $1,460, 3-bedrooms: $1,670, 4-bedrooms: $1,930. The most common rental property sizes in Pearl, MS are 3-bedroom and 2-bedroom, accounting for 39.6% and 38.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,590 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,240 | $1,420 |
| 2 Bed Rent | $1,450 | $1,460 |
| 3 Bed Rent | $1,600 | $1,670 |
| 4 Bed Rent | $1,800 | $1,930 |
% of Rental Stock
Property Listings — Pearl, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Pearl, MS is 47. This is a decrease of -11.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $252,000 | -7.0% |
Listing Count | 119 | 2.0% |
| Listings as % of Homes | 0.6% | 2.0% |
Days on Market | 47 | -11.0% |
Demographics — Pearl, MS
As of the latest ACS Survey released in 2023, Pearl, MS has a population of 34,600, which has increased by 6.7% over the past 5 years. Pearl, MS is a moderately popular place for families, as children make up 18.6% of the population. The area has a poorly educated workforce, with 23.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,600 | 6.7% |
% Under 18 | 18.6% | -22.8% |
% Seniors | 14.8% | 9.6% |
% WFH | 5.8% | 286.7% |
% w/ College Degree | 23.4% | 35.3% |
As of the latest ACS Survey released in 2023, Pearl, MS is a predominantly white area, with 59.6% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Pearl, MS is black, making up 31.4% of the population. Foreign-born residents account for 2.7% of the population in Pearl, MS, and this percentage has increased by 28.6% 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 | 59.6% | -4.6% |
% Black | 31.4% | -0.9% |
% Hispanic | 4.6% | 21.1% |
% Asian | 1.9% | 171.4% |
% Foreign Born | 2.7% | 28.6% |
Mortgage and Risk — Pearl, MS
According to HUD data as of 2023, there were 473 mortgage originations in Pearl, MS, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Pearl, MS. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 473 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Pearl, MS
As of 2024, the percent of homes in Pearl, MS under the Section 8 program is 6.7%. 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. In Pearl, MS, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 352 |
Total Units Section 8 | 351 |
% Rentals under Section 8 | 6.7% |
% Occupied Section 8 | 89.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$160 | $1,240 | $1,080 |
| 2 Bedroom | -$180 | $1,450 | $1,270 |
| 3 Bedroom | -$70 | $1,600 | $1,530 |
| 4 Bedroom | -$120 | $1,800 | $1,680 |
Affordability — Pearl, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $207,000 |
| Median Household Income | $58,900 |