Average Rent in Panola County, MS↑ Rents rising 7.9% YoY

Panola County, MS has rental prices ranging from $659/month to $1,440/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $805/month — 42% below the national average of $1,400/month. With a median household income of $43,990/year, spending $805/month on a 1-bedroom represents 22% of gross income — within the recommended 30% threshold.

How Panola County Compares

With an average 2-bedroom rent of $947/month, Panola County ranks #23 most expensive of the 80 cities tracked in Mississippi — more affordable than 80% of all US cities in our data.

The Panola County Rental Market

The Panola County, MS area has a population of about 32,965 and 31% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Panola County, MS have risen by $69/month (7.9%) over the past year, from $878 to $947. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Panola County, MS without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $32,200. The local median household income of $43,990 exceeds that threshold by $11,790, making Panola County relatively accessible compared to local wages.

Economy & Jobs

Panola County, MS has an unemployment rate of 4.6%, 0.7 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.

Is Panola County, MS Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Panola County?

Break-even analysis and mortgage estimates based on local market data.

Living in Panola County

Cost of living, job market, crime rates, and moving cost estimates.