Tallahatchie County Area Home Supply Charts

This page looks at a variety of Tallahatchie County Mississippi housing market data taken from the most recent 2021 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Tallahatchie County depicts it has a Housing Units of 5,655 which is the second smallest in order of housing units of all the other counties in the surrounding region.

Figure 2 illustrates the housing density in the Tallahatchie County housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Tallahatchie County depicts it has a Housing Density of 8.8 which is the smallest as measured by housing density of all the other counties in the area. The county with the highest housing density in the area is Grenada County which shows a density of 24.3 (approximately 2.8 times bigger). Comparing housing density to the United States average of 39.2, Tallahatchie County is approximately a fifth the size. Also, measured against the state of Mississippi, housing density of 28.3, Tallahatchie County is approximately a third the size.

In Figure 4, Tallahatchie County area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Tallahatchie County shows it has a Housing Unit Change of 2.3% which is the third most housing units of all other counties in the greater Tallahatchie County region. The county with the highest change in the housing units in the area is Yalobusha County which depicts a housing units of 3.2% (43.7% larger). Comparing change in the housing units to the United States average of 6.5%, Tallahatchie County is approximately a third the size. Also, compared to the state of Mississippi, change in the housing units of 4.4%, Tallahatchie County is approximately half the size.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Tallahatchie County shows it has a Renter Percent of 36.3% which is in the middle range of other counties in the metro area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 63.7% which is in the mid point range of other counties in the local area.

Tallahatchie County Home Cost Charts

Looking at the housing data provided in Figure 7, the average Tallahatchie County home price is illustrated for this community and a useful analysis of affordable housing. Tallahatchie County depicts it has a Median Home Value of $68,900 which is less than most other counties in the local area. The county with the highest median home price in the area is Grenada County which depicts a home price of $107,800 (56.5% larger). Figure 8 provides aggregate comparative data for the Tallahatchie County Mississippi metro area in terms of the median housing rental rate, apartment rent, etc. Tallahatchie County shows it has a Median Gross Rent of $565 which is the second smallest in order of rental rates of all the other counties in the local area. The county with the highest rental rates in the area is Panola County which depicts a rental rates of $715 (26.5% larger). Comparing rental rates to the United States average of $1,096, Tallahatchie County is approximately half the size. Also, benchmarked against the state of Mississippi, rental rates of $789, Tallahatchie County is approximately three-fourths the size.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Tallahatchie County has the largest proportion of home price worth less than $50,000 at 46% of the total and is ranked #1. Second, it has the smallest proportion of home price worth between $200,000 to $300,000 at 1% of the total. Third, it has the smallest proportion of home price worth between $400,000 to $500,000 at 0% of the total.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Tallahatchie County depicts it has a Median Owner Cost of $415 which is the second smallest when ranked by median ownership cost of all the other counties in the local area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Tallahatchie County metro area. it has a Owner Cost as % of HH Income of 15% which is in the middle range of other counties in the local area.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Tallahatchie County depicts it has a Median Home Value as Percent of Median Earnings of 199% which is the second smallest when ranked by median home value as a percent of median worker earnings of all the other counties in the local area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Tallahatchie County depicts it has a Median Owner Costs-With Mortgage of $869 which is the second smallest in terms of median housing cost of all the other counties in the surrounding region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $312 which is the second smallest as measured by median housing cost of all the other counties in the greater region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Tallahatchie County has one of the largest proportions of owner cost less than $300 at 35% of the total and is ranked #3. Only #2 Leflore County (36%), and #1 Quitman County (37%) are larger. Second, it has the largest proportion of owner cost between $500 and $700 at 22% of the total and is ranked #1. Third, it has the smallest proportion of owner cost between $700 and $1,000 at 5% of the total.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Tallahatchie County shows it has a % of Income Owner Costs-With Mortgage of 22% which is the largest of all counties in the greater Tallahatchie County region. Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Tallahatchie County depicts it has a % of Income Owner Costs-No Mortgage of 12% which is the third most cost as a percent of household income of all other counties in the greater Tallahatchie County region. The county with the highest cost as a percent of household income in the area is Leflore County which depicts a cost as a percent of household income of 14% (12.1% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Tallahatchie County has the percentage of rent as a percent of income is less than 10 pct less than most other counties in the surrounding region at 15% of the total. Second, it has the largest proportion of rent as a percent of income is between 10pct to 20pct at 32% of the total and is ranked #1. Third, it has the smallest proportion of rent as a percent of income is between 20pct to 30pct at 5% of the total. Also, it has the largest proportion of rent as a percent of income is between 30pct to 40pct at 12% of the total and is ranked #1. In addition, it has the smallest proportion of rent as a percent of income is between 40pct to 50pct at 8% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Tallahatchie County has the smallest proportion of housing cost between $700 and $1,000 at 6% of the total.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $495 which is the smallest in order of median real estate taxes paid of all the other counties in the local area. The county with the highest median real estate taxes paid in the area is Coahoma County which depicts a taxes paid of $984 (about twice as large). Comparing median real estate taxes paid to the United States average of $2,551, Tallahatchie County is approximately a fifth the size. Also, in comparison with the state of Mississippi, median real estate taxes paid of $998, Tallahatchie County is approximately half the size.

Tallahatchie County Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Tallahatchie County has one of the largest proportions of With HELOC no Primary Mortgage at 66% of the total and is ranked #2. The only larger county being Quitman County with 66%.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Tallahatchie County has one of the largest proportions of houses with mortgages at 66% of the total and is ranked #2. The only larger county being Quitman County with 66%.

Tallahatchie County Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.9 which is at the top of all other counties in the local area. Comparing family members per housing unit to the United States average of 3.3, Tallahatchie County is 19.4% larger. Also, compared with the state of Mississippi, family members per housing unit of 3.3, Tallahatchie County is 20.0% larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.6 which is the third most of all other counties in the metro area. The county with the highest average number of rooms in a house in the area is Coahoma County which depicts an average number of rooms in a house of 5.8 (only about 3.6% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1979 which is the third most year built of all other counties in the greater Tallahatchie County region. The county with the highest year built in the area is Panola County which shows a year built of 1984 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the smallest proportion of homes built between 1970 to 1979 at 9% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units less than most other counties in the greater region at 1,568 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. has the smallest proportion of one unit detached at 0% of the total. Second, it has the smallest proportion of 3 or 4 units at 0% of the total. Third, it has the largest proportion of 50 or more units at 29% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 2014 or later less than most other counties in the local area at $71,300 of the total. Second, it has the second smallest in order of value of homes built 2014 or later of all the other counties in the area when ranked by value of homes built 2010 to 2013 at $86,700 of the total. Third, it has the second smallest in order of value of homes built 2014 or later of all the other counties in the surrounding region as measured by value of homes built 2000 to 2009 at $45,100 of the total. Also, it has the second smallest as measured by value of homes built 2014 or later of all the other counties in the metro area in terms of value of homes built 1990 to 1999 at $47,200 of the total. In addition, it has one of the largest proportions of value of homes built 1980 to 1989 at $83,000 of the total and is ranked #2. The only larger county being Grenada County with $97,700. Furthermore, it has less than most other counties in the metro area in order of value of homes built 1970 to 1979 at $71,400 of the total. Next it has one of the largest proportions of value of homes built 1960 to 1969 at $85,300 of the total and is ranked #3. Only #2 Panola County ($88,900), and #1 Grenada County ($93,800) are larger. Additionally, it has one of the largest proportions of value of homes built 1950 to 1959 at $69,000 of the total and is ranked #2. The only larger county being Leflore County with $181,700. And then, it has less than most other counties in the metro area in order of value of homes built 1940 to 1949 at $75,000 of the total.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Tallahatchie County residents. it has a Owner-Household Size of 3.2 which is at the top of all other counties in the greater Tallahatchie County region.

Figure 37 shows the household size for renters. Tallahatchie County depicts it has a Renter-Household Size of 2.5 which is the second smallest in terms of renter household size of all the other counties in the greater region. The county with the highest renter household size in the area is Leflore County which shows a renter household sizes of 2.8 (14.6% larger). Figure 38 shows the year that people who own homes moved into this region. has the smallest proportion of owners moved in 2019 or later at 6% of the total. Second, it has the smallest proportion of owners moved in 2010 to 2014 at 24% of the total. Third, it has the largest proportion of owners moved in 2000 to 2009 at 23% of the total and is ranked #1. Also, it has the largest proportion of owners moved in 1990 to 1999 at 30% of the total and is ranked #1. Figure 39 shows the year that people who rent moved into the area. Tallahatchie County has the largest proportion of renters moved in 2019 or later at 49% of the total and is ranked #1. Second, it has the smallest proportion of renters moved in 2015 to 2018 at 14% of the total. Third, it has the largest proportion of renters moved in 2000 to 2009 at 15% of the total and is ranked #1. Also, it has the largest proportion of renters moved in 1990 to 1999 at 10% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 1998 which is the second smallest as measured by median year that a home owner moved in of all the other counties in the area. Figure 41 compares the median year that renters moved into their home. Tallahatchie County shows it has a Renter Median Year Moved In of 2015 which is the largest of all counties in the metro area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has one of the largest proportions of homes using natural gas at 35% of the total and is ranked #3. Only #2 Yalobusha County (36%), and #1 Panola County (37%) are larger. Second, it has the second smallest when ranked by homes using natural gas of all the other counties in the greater region in terms of home using bottled, tank, or lp gas at 29% of the total. Third, it has the largest proportion of homes using coal or coke at 5% of the total and is ranked #1.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Tallahatchie County housing department, Mississippi department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Tallahatchie County depicts it has a Total In Group Quarters of 1,303 which is more than all other counties in the greater Tallahatchie County region.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Tallahatchie County residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Tallahatchie County has the largest proportion of number of people under 18 years of age and in group quarters at 100% of the total and is ranked #1.