Best Places to Buy Rental Property in Mississippi (2026)

The cheapest place to buy in Mississippi is also the best place to collect rent on it. Jackson closed at a median of $149,500 and asks $1,245 a month, which is 10.0 percent gross before any cost.

The ranking

Gross yield here is an asking rental yield screen: twelve times the median asking rent over the median closed price, before taxes, insurance, vacancy, management or repairs. Sales use municipal boundaries. Rental listings use the associated city name and may cover a wider postal area. The ratio therefore compares related, but not perfectly matched, market samples, and a home bought at the median price does not necessarily earn the median rent. Confirmed-close medians appear where at least 30 confirmed lease closes were recorded in the window.

City by city

1. Jackson, 10.0 percent gross

At $149,500 to buy and $1,245 a month to rent, Jackson yields 10.0 percent gross on 656 tracked closings. See the Jackson page for the property mix and the price band.

2. Gulfport, 8.3 percent gross

Homes in Gulfport closed at a median of $217,900 over the last six months and the median asking rent in the last twelve months was $1,500, a gross yield of 8.3 percent. Houses there closed at about $141 per square foot. The Gulfport market page carries the monthly figures.

3. Pearl, 8.2 percent gross

The numbers: $255,000 median closed price across 232 closings, $1,745 median asking rent across 173 listings, 8.2 percent gross. Houses there closed at about $163 per square foot. See the Pearl page for the property mix and the price band.

4. Southaven, 7.8 percent gross

Southaven ranks fourth on yield but only ninth on entry price: the $1,860 median asking rent is doing the work, not a cheap purchase. At $285,000 to buy and $1,860 a month to rent, Southaven yields 7.8 percent gross on 382 tracked closings. Houses there closed at about $155 per square foot. The Southaven market page carries the monthly figures.

5. Brandon, 7.8 percent gross

Rent is what puts Brandon fifth here; on price alone it would sit tenth of 15. At $299,999 to buy and $1,945 a month to rent, Brandon yields 7.8 percent gross on 209 tracked closings. Houses there closed at about $162 per square foot. The Brandon market page carries the monthly figures.

6. Gautier, 7.7 percent gross

Gautier is cheaper than its yield rank suggests: second on price, sixth on yield, because a $210,000 home there rents for only $1,350. Homes in Gautier closed at a median of $210,000 over the last six months and the median asking rent in the last twelve months was $1,350, a gross yield of 7.7 percent. Houses there closed at about $129 per square foot. Full detail is on the Gautier market page.

7. Clinton, 7.7 percent gross

Clinton clears the rental bar narrowly, with 86 listings behind its $1,785 median, so its 7.7 percent yield deserves a wider margin of error than the bigger samples here. At $279,000 to buy and $1,785 a month to rent, Clinton yields 7.7 percent gross on 157 tracked closings. Houses there closed at about $142 per square foot. The Clinton market page carries the monthly figures.

8. Olive Branch, 7.2 percent gross

Rent is what puts Olive Branch eighth here; on price alone it would sit twelfth of 15. The numbers: $335,000 median closed price across 370 closings, $2,010 median asking rent across 914 listings, 7.2 percent gross. The Olive Branch market page carries the monthly figures.

9. Biloxi, 7.2 percent gross

The numbers: $284,900 median closed price across 296 closings, $1,700 median asking rent across 467 listings, 7.2 percent gross. The Biloxi market page carries the monthly figures.

10. Petal, 7.0 percent gross

A low entry price does not carry Petal far: it is fifth cheapest on this list and tenth on yield, with rent of $1,362 against a $235,000 median price. Homes in Petal closed at a median of $235,000 over the last twelve months and the median asking rent in the last twelve months was $1,362, a gross yield of 7.0 percent. The Petal market page carries the monthly figures.

11. Hernando, 6.9 percent gross

At $367,600 to buy and $2,108 a month to rent, Hernando yields 6.9 percent gross on 170 tracked closings. Houses there closed at about $168 per square foot. See the Hernando page for the property mix and the price band.

12. Ocean Springs, 6.8 percent gross

At $317,250 to buy and $1,800 a month to rent, Ocean Springs yields 6.8 percent gross on 176 tracked closings. See the Ocean Springs page for the property mix and the price band.

13. Madison, 6.8 percent gross

At $425,000 to buy and $2,400 a month to rent, Madison yields 6.8 percent gross on 233 tracked closings. See the Madison page for the property mix and the price band.

14. Hattiesburg, 6.4 percent gross

Hattiesburg is cheaper than its yield rank suggests: fourth on price, fourteenth on yield, because a $219,900 home there rents for only $1,169. At $219,900 to buy and $1,169 a month to rent, Hattiesburg yields 6.4 percent gross on 183 tracked closings. Houses there closed at about $120 per square foot. See the Hattiesburg page for the property mix and the price band.

15. Bay Saint Louis, 5.2 percent gross

At $391,500 to buy and $1,695 a month to rent, Bay Saint Louis yields 5.2 percent gross on 268 tracked closings. Houses there closed at about $254 per square foot. Full detail is on the Bay Saint Louis market page.

How this ranking is built

• •Cities: every Mississippi city where Resideline tracked at least 100 closings inside the municipal boundary in its reporting window (six or twelve months) and at least 50 rental listings under the city's name since September 10, 2025: 15 cities qualify.
• •Prices: the median price homes closed at inside the city limits, from Resideline's tracked closings; the state comparison uses the statewide median of $284,990 across 9,865 closings.
• •Rents: the median advertised rent on rental listings Resideline tracked in the last twelve months, all property types, measured on the listings that carry the city's name (a postal footprint, wider than the city line in some places).
• •Confirmed-close medians: Observed rent blends two kinds of record: confirmed lease closes extracted from property records, and the final asking rent on listings that left Resideline tracking without a recorded close. Where a city has at least 30 confirmed closes in the window, their median is printed beside the asking figure; in the last twelve months about a quarter of Resideline's close episodes are confirmed closes. The asking and confirmed-close samples are separate, not paired, so a difference between their medians is not a measured gap on the same listings.
• •What is missing: taxes, insurance, vacancy, management and repairs, which turn a gross yield into a net one, and the unit mix, which differs between what sells and what rents.

Sources and related pages

• •Resideline tracked closings inside city limits (window per city, updated September 10, 2026) and rental listings since September 10, 2025; confirmed lease closes extracted from property records.
• •More Mississippi rankings: Cheapest cities to buy a house in Mississippi ranks the same kind of list with each city's price per square foot for houses, realized appreciation and days to contract beside the median, and Cap Rate by City ranks the Mississippi cities Resideline tracks by gross rental yield. The Mississippi housing market hub carries the statewide figures and the largest Mississippi markets by closings.
• •Asking rent vs observed rent compares live asking rents with final asking rents under that study's own definition; it says nothing about confirmed lease closes.

Prepared with Resideline's research pipeline and reviewed by Jeffrey Batista, Resideline's founder.