Hattiesburg, MS
⚖️ Balanced Market📊 Fundamental Scores
🎯 The Bottom Line
Hattiesburg offers stable, affordable entry for investors with neutral market cycle and balanced risk profile. The 17.8x price-to-rent ratio supports long-term hold strategies, while modest 2.3% YoY appreciation and 48 DOM indicate steady demand without overheating. Ideal for cash-flow focused buyers seeking low-volatility assets.
📈 Price History
📈 Market Analysis
Market Cycle
The Hattiesburg market sits in a neutral phase, with a 2.3% YoY appreciation rate signaling moderate growth rather than explosive gains. The 48-day DOM reflects balanced buyer-seller dynamics, avoiding the froth of boomtowns while maintaining healthy liquidity. This stability suits investors prioritizing predictability over speculation.
Supply & Demand
Demand is steady, supported by the city's role as a regional education and healthcare hub. Supply remains contained, with new construction lagging behind population growth, which helps sustain pricing. The 17.8x P/R ratio indicates that prices are not overly inflated relative to rental income, preserving room for cash flow.
Pricing Power
Buyers have moderate leverage, as the neutral verdict and A-risk rating suggest a balanced environment. Sellers can still command fair prices due to limited inventory, but the 50 affordability score means buyers are not priced out. This dynamic supports gradual appreciation without sharp corrections.
Hattiesburg, MS Housing Market Forecast 2026–2028
🔮 Hattiesburg Price Forecast 2026–2028
Hattiesburg, MS Housing Market Forecast 2026–2028
Looking ahead to the 2026-2028 period, the Hattiesburg housing market forecast suggests a period of steady, manageable growth rather than explosive gains. The current median home price of $214,145 sits in a comfortable position relative to the broader region, supported by a healthy price-to-rent ratio of 17.8x that is actually slightly below the national average. This indicates that the local rental market remains competitive, potentially keeping a floor under home values as investors and prospective buyers weigh the financial merits of purchasing versus renting. With a market temperature of 61/100, conditions are balanced, favoring neither a strong seller’s market nor a buyer’s advantage.
When asking the critical question, will Hattiesburg home prices drop, the data points to stability over decline. A historical 5-year price change of 25.7% (CAGR of 4.6%) combined with a modest YoY change of 2.3% signals a maturing market that is shedding the volatility seen in prior years. The risk grade of A underscores the area's economic resilience, which is largely anchored by The University of Southern Mississippi, Forrest General Hospital, and a growing regional logistics hub. These institutions provide a stable employment base that can sustain housing demand. However, affordability will be a key watchword; as prices continue their slow climb, local wage growth will need to keep pace to maintain the market's accessibility.
For those evaluating Hattiesburg real estate Hattiesburg 2027 prospects, the outlook is cautiously optimistic. The current average days on market of 48 suggests homes are still selling at a reasonable pace without the frenetic bidding wars of 2021. The neutral buy/rent verdict aligns with this view, highlighting that while building equity is possible, the immediate financial difference between owning and renting is minimal. Ultimately, Hattiesburg's path forward will likely mirror its recent past: a gradual, inflation-matching appreciation driven by steady population growth and its role as a regional educational and medical hub. This environment creates a solid foundation for long-term homeowners but may not yield the rapid appreciation seen in larger metropolitan areas.
Disclaimer: This forecast is a statistical projection based on historical price trends and should not be considered financial advice. Actual market outcomes may vary due to economic conditions, interest rates, local regulations, and other factors.
🏠 Rent vs Buy Analysis
Monthly Costs
At a median price of $214,145 and rent of $906/mo, the monthly cost of ownership (including mortgage, taxes, insurance) often exceeds renting unless leveraging a low-down-payment loan. However, the 17.8x P/R ratio means renting is relatively expensive compared to buying, making ownership more attractive for long-term holders.
5-Year View
With 2.3% YoY appreciation, a property could grow to ~$240,000 in five years, while rents may rise with inflation. This supports equity building, but cash flow remains tight unless rents increase or expenses are managed tightly.
When to Rent
- Short-term stays under 3 years
- Need for liquidity and flexibility
- Uncertain job stability in the region
When to Buy
- Plan to hold 5+ years for appreciation
- Can secure financing below 7% interest
- Seek tax benefits and equity growth
🧮 Can You Afford Hattiesburg? Interactive Calculator
Income Reality Check
Can you actually afford Hattiesburg?
Great! At 19.5%, this mortgage falls within healthy financial limits. You have strong purchasing power in Hattiesburg.
💰 Investment Thesis
Cash Flow
The 17.8x P/R ratio suggests marginal cash flow after expenses, but disciplined investors can achieve positive net operating income by targeting properties below median price. With 2.3% YoY appreciation, long-term holds build equity while covering costs.
House Hacking
Multi-family or duplex options in Hattiesburg allow house hacking to offset mortgage payments. The $906/mo rent can cover a portion of ownership costs, improving cash flow and reducing risk.
Target Investor
Ideal for buy-and-hold investors seeking stable, low-volatility assets. The A-risk rating and neutral verdict suit those prioritizing capital preservation over high-growth speculation. Focus on mid-range properties for balanced returns.
🏘️ House Hacking Calculator Interactive Calculator
House Hacking CalculatorOwner-Occupied Multi-Fam
🗺️ Neighborhood Breakdown
Entry-Level
Properties under $180,000 offer the best P/R ratios, often exceeding 18x, but may require renovation. These areas attract first-time buyers and renters, supporting steady demand. Focus on neighborhoods near universities for consistent tenant pools.
Mid-Range
The $200,000-$250,000 segment aligns with the median $214,145 price, offering balanced cash flow and appreciation. These homes appeal to families and professionals, with 48 DOM indicating competitive but not frantic markets.
Premium
Over $300,000, the P/R ratio worsens, making cash flow challenging. These properties rely on appreciation and lifestyle appeal. Target areas with strong school districts for long-term value retention.