Picayune, MS—39466
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Picayune, MS
As of Oct '25, the median home price in Picayune, MS is $187,000, with a year-over-year change of 0.6%. This indicates that home prices in Picayune, MS are flat. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $187,000 | 0.6% |
| Single Family | $187,000 | 0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $130,000 | -2.3% |
3 Bed | $205,000 | 1.0% |
4 Bed | $262,000 | 1.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Picayune, MS
As of July '25, Rentcast reports the average rent in Picayune, MS is $1,200, with a year-over-year rent change of -4.8%. Per bedroom, the median rent as of July '25 in Picayune, MS is 1-bedrooms: $812, 2-bedrooms: $1,070, 3-bedrooms: $1,960, 4-bedrooms: $1,800. The most common rental property sizes in Picayune, MS are 2-bedroom and 3-bedroom, accounting for 40.6% and 34.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $999 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $812 |
| 2 Bed Rent | $1,000 | $1,070 |
| 3 Bed Rent | $1,950 | $1,960 |
| 4 Bed Rent | $1,800 | $1,800 |
% of Rental Stock
Property Listings — Picayune, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Picayune, MS is 82. This is a increase of 24.0% 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 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 | $255,000 | 0.0% |
Listing Count | 131 | 5.0% |
| Listings as % of Homes | 0.8% | 5.0% |
Days on Market | 82 | 24.0% |
Demographics — Picayune, MS
As of the latest ACS Survey released in 2023, Picayune, MS has a population of 28,300, which has increased by 8.6% over the past 5 years. Picayune, MS is a moderately popular place for families, as children make up 23.3% of the population. The area has a poorly educated workforce, with 11.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,300 | 8.6% |
% Under 18 | 23.3% | -2.5% |
% Seniors | 17.2% | -1.1% |
% WFH | 4.5% | 136.8% |
% w/ College Degree | 11.9% | -17.4% |
As of the latest ACS Survey released in 2023, Picayune, MS is a predominantly white area, with 71.7% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Picayune, MS is black, making up 17.7% of the population. Foreign-born residents account for 2.3% of the population in Picayune, MS, and this percentage has increased by 64.3% 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 | 71.7% | -3.4% |
% Black | 17.7% | -8.3% |
% Hispanic | 5.5% | 44.7% |
% Asian | 0.5% | 150.0% |
% Foreign Born | 2.3% | 64.3% |
Mortgage and Risk — Picayune, MS
According to HUD data as of 2023, there were 503 mortgage originations in Picayune, MS, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Picayune, MS. Investor activity is low, as 6.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 503 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Picayune, MS
As of 2024, the percent of homes in Picayune, MS under the Section 8 program is 4.3%. 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 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Picayune, MS, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 428 |
Total Units Section 8 | 109 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $800 | $920 |
| 2 Bedroom | $40 | $1,000 | $1,040 |
| 3 Bedroom | -$530 | $1,950 | $1,420 |
| 4 Bedroom | -$330 | $1,800 | $1,470 |
Affordability — Picayune, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $187,000 |
| Median Household Income | $50,900 |