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Harrison County, MS

Rent vs Own in Harrison County, Mississippi

In Harrison County the ownership stack ($1,249/mo) sits only modestly above HUD's $1,140/mo 2-bedroom rent, a thin premium, not a blowout. Small assumption changes in the calculator can flip the verdict. Owner-occupied homes: 51,826.

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Renting is cheaper in Harrison County

HUD's 2-bedroom rent is $1,140/mo - only a thin step below the $1,249/mo ownership stack. That is a $109/mo difference.

Based on 20% down, 6.5% rate, 30-year mortgage. Adjust below.

What This Data Tells Us About Renting vs Owning in Harrison County

Primary driver

Renting compares well inside the state

Using the assumptions above, Harrison County ranks 71 of 81 Mississippi counties for buy-vs-rent value (rank 1 = the best relative deal for buying). It sits ahead of 10 other Mississippi counties on this measure.

Decision signal 2

Price and income sit in the middle band

Median household income is $59,479, for a 3.6x home-price-to-income ratio in the middle of the national distribution; property tax takes 2.3% of that income. Small changes in down payment or rate move this county across the rent-vs-own line more than they would in a high-ratio market.

Decision signal 3

Renting wins, but only by a thin premium

At $212,200 for the median home and $1,370/yr in tax (0.65%), Harrison County's ownership stack (~$1,249/mo) only narrowly exceeds the $1,140/mo HUD 2-bedroom rent - a $109/mo premium. That is the band where a rate drop or a larger down payment most often flips the cash-flow verdict.

Decision signal 4

HUD moved the rent benchmark up

HUD raised its 2-bedroom Fair Market Rent for Harrison County from $1,117/mo in FY2025 to $1,140/mo in FY2026: it increased by $23/mo (+2.1%). A rising rent benchmark widens the gap in favour of owning over time, because the mortgage share of the ownership cost below is fixed at origination while the rent it is compared against reprices every year.

Methodology & disclaimer

This calculator is for informational purposes only and is not tax, legal, or financial advice. Property tax figures come from the U.S. Census Bureau ACS 5-Year Estimates and rent figures come from HUD Fair Market Rents; both describe area medians, not individual transactions. Insurance is estimated at 0.35% of home value annually and closing costs, maintenance, HOA, and PMI are not included. Consult a licensed mortgage, tax, or real-estate professional before making a buy-or-rent decision based on these numbers.

Monthly Cost Breakdown

Estimated Monthly Ownership
$1,249
Mortgage (P&I) $1,073
Property Tax $114
Insurance (est.) $62
Monthly Rent (2-BR FMR)
$1,140
Studio$786
1-Bedroom$923
2-Bedroom$1,140
3-Bedroom$1,471
4-Bedroom$1,612

Adjust Your Scenario

Affordability Context

Median Household Income
$59,479
$4,957/mo
Home Price / Income
3.6x
Moderate (3-5x)
Tax-to-Income Ratio
2.3%
National benchmark: 2-4%

Who actually pays it here

In Harrison County, once the mortgage ends staying put is close to free: the largest cluster of debt-free households faces a yearly charge under $800, so insurance and upkeep, not the tax office, set what the home costs to keep.

Harrison County matches the national pattern: six-figure earners between $100,000 and $200,000 account for more of these write-offs than any other local group.

Layered on a thin rent-vs-own premium, that annual bill is often the swing factor: a paid-off owner still faces a real yearly charge even when the mortgage payment itself would have looked competitive.

Bill bands are Census ACS counts of owner-occupied homes without a mortgage. Income brackets are IRS Statistics of Income county data for tax year 2022, counted over FILERS reporting real-estate taxes on Schedule A, which is a smaller group than homeowners: most filers take the standard deduction.

Nearby Counties

DeSoto County
Home: $269,600 Tax: $1,613/yr
Hinds County
Home: $159,900 Tax: $1,403/yr
Rankin County
Home: $237,400 Tax: $1,428/yr
Jackson County
Home: $193,100 Tax: $1,366/yr
Madison County
Home: $311,100 Tax: $2,108/yr
Lee County
Home: $199,500 Tax: $1,384/yr

Frequently Asked Questions

Is it cheaper to rent or buy in Harrison County, Mississippi? ▼
HUD's 2-bedroom rent is only a thin step cheaper than owning in Harrison County (about $109/mo) on the standard 20%-down / 6.5% assumptions. A larger down payment or a rate drop often closes it; equity is still the ownership-only bonus.
What is the average rent in Harrison County? ▼
HUD prices a 2-bedroom unit at $1,140/mo here. Sizing up matters: going from a studio to a 4-bedroom adds about $826/mo, so the per-bedroom jump is worth checking against your actual space needs before assuming the 2-BR figure applies to your situation.
How does Harrison County compare to other Mississippi counties for renting vs buying? ▼
Out of 81 Mississippi counties ranked here on buy-vs-rent value, Harrison County lands at spot 71, putting it in the more rent-favorable quarter of the state. The <a href="/states/mississippi">Mississippi state page</a> lists every peer county's tax bill beside this one.
How much house can you afford in Harrison County? ▼
On the common 3x-income guideline, a $59,479 household here can afford up to $178,437 -- about $33,763 short of this county's $212,200 median home. That gap is typically closed with a larger down payment, dual incomes, or a longer search outside the median price band.
What is the median home price in Harrison County? ▼
$212,200, per the Census Bureau's ACS 5-Year Estimates. The property tax on that value works out to roughly 0.65% a year, in line with typical rates for the area.
Is rent going up or down in Harrison County? ▼
HUD's 2-bedroom Fair Market Rent figure has risen 2.1% between the FY2025 and FY2026 publications, the two most recent years tracked here.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from the U.S. Census Bureau (American Community Survey). See our methodology for details. Retrieved and formatted by PlainPropertyTax

Source: U.S. Census Bureau, Government Finances State and local property tax revenue by jurisdiction · 2025

Verify with HUD →