Picayune, MS 39466 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Picayune, MS—39466

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$189,000

0.5% YoY Growth

Household Income

$50,900

21.1% YoY Growth

Days on Market

8.0% Longer YoY

Home Price Forecast

0.8%

Median Rent

$999

4.8% YoY Growth

1-Bed Rent

$800

21.9% YoY Growth

2-Bed Rent

$1,000

6.1% YoY Growth

3-Bed Rent

$1,950

16.0% YoY Growth

Home Price Trends — Picayune, MS

As of Dec '25, the median home price in Picayune, MS is $189,000, with a year-over-year change of 0.5%. This indicates that home prices in Picayune, MS are flat. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$189,000	0.5%
Single Family	$189,000	0.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

5.8%

1 Bedroom

11.4%

2 Bedrooms

40.6%

3 Bedrooms

34.2%

4 Bedrooms

8.0%

Property Listings — Picayune, MS

As of Dec '25, Realtor.com reports that the median days on market for a home in Picayune, MS is 75. This is a increase of 21.0% 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	$245,000	-1.0%
Listing Count	121	3.0%
Listings as % of Homes	0.8%	3.0%
Days on Market	79	8.0%

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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%

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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%

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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%

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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

Picayune, MS—39466

Key Metrics at a Glance

Home Price Trends — Picayune, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Picayune, MS

% of Rental Stock

Property Listings — Picayune, MS

Demographics — Picayune, MS

Race and Ethnicity

Mortgage and Risk — Picayune, MS

Mortgages

Rentals and Section 8 — Picayune, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Picayune, MS

Home Price to Income Ratio

Picayune, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Carriere, MS

Pearl River, LA

Kiln, MS

Talisheek

Pearlington, MS

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$189,000
Median Household Income	$50,900

Picayune, MS—39466

Key Metrics at a Glance

Home Price Trends — Picayune, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Picayune, MS

% of Rental Stock

Property Listings — Picayune, MS

Demographics — Picayune, MS

Race and Ethnicity

Mortgage and Risk — Picayune, MS

Mortgages

Rentals and Section 8 — Picayune, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Picayune, MS

Home Price to Income Ratio

Picayune, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Carriere, MS

Pearl River, LA

Kiln, MS

Talisheek

Pearlington, MS

Frequently Asked Questions

What is the average home price in Picayune, MS 39466?

How have home prices in Picayune, MS 39466 changed over the past year?

What is the home price projection for Picayune, MS 39466?

What are the demographics of Picayune, MS 39466?

How long does it take homes to sell in Picayune, MS 39466?

What is the average rent price in Picayune, MS 39466?