Pearl, Mississippi Rental Market Trends

Disclaimer:

Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Pearl, Mississippi rental market.

Pearl, Mississippi

Average Apartment Rent

$1,272

Y-o-Y Change in Average
Apartment Rent

3%

As of March 2026

Compared to a year ago, Pearl, Mississippi apartments have recorded a 3% rent increase.

Pearl, Mississippi Average apartment rent trend

Median Rent Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024 Mar 2025 Jul 2025 Nov 2025 Mar 2026
Pearl $1,157 $1,151 $1,162 $1,231 $1,209 $1,235 $1,244 $1,233 $1,272
National $1,735 $1,724 $1,729 $1,750 $1,743 $1,749 $1,763 $1,749 $1,750
Pearl
National
Jul 2023
$1,157
$1,735
Nov 2023
$1,151
$1,724
Mar 2024
$1,162
$1,729
Jul 2024
$1,231
$1,750
Nov 2024
$1,209
$1,743
Mar 2025
$1,235
$1,749
Jul 2025
$1,244
$1,763
Nov 2025
$1,233
$1,749
Mar 2026
$1,272
$1,750

Pearl, Mississippi Average Apartment Rent

Pearl, Mississippi Apartment rent ranges

Under $1,000
$1,001 - $1,500
$1,501 - $2,000
$2,001 - $2,500
$2,501 - $3,000
Over $3,000

At 64.23%, apartments priced $1,000 - $1,500 represent the bulk of Pearl, Mississippi rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 14.62%.

Pearl, Mississippi Housing tenure**

Renter occupied housing units 4,292
Owner occupied housing units 6,712

Renters take up 39% of Pearl, Mississippi real estate, occupying a total of 4,292 units, while homeowners live in 6,712 properties.

Median number of rooms of renter-occupied housing units**

4.5

Renter median household income**

$41,426

Average household size of renter-occupied housing units**

2.5

Rental vacancy rate**

8.8%

Pearl, Mississippi Renter-occupied housing units by no. of bedrooms**

No bedrooms 49
1 bed 446
2 beds 1,908
3 beds 1,684
4 beds 149
5 or more beds 56

There are 1,908 rentals in Pearl, Mississippi with 2 beds making up the highest share of the market, at 44%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 49 units. Overall, the median number of rooms in Pearl, Mississippi homes for rent is 4.5.

Pearl, Mississippi Renter-occupied units by age of householder**

15 - 24 years 252
25 - 34 years 1,744
35 - 44 years 993
45 - 54 years 330
55 - 59 years 380
60 - 64 years 213
65 - 74 years 281
75 - 84 years 54
85 years and over 45

Most condos for rent in Pearl, Mississippi are occupied by residents in the 25 - 34 years age group (41%), followed by those in the 35 - 44 years age group (23%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.

Pearl, Mississippi Renter-occupied housing units by family type**

Family households 2,407
Non-Family Households 1,885

Pearl, Mississippi Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 1,836
No related children of the householder under 18 2,456

A total of 2,407 apartments for rent in Pearl, Mississippi, or 56% of all rentals are family households. Additionally, 43% of rental homes include children under the age of 18 – that’s 1,836 units. All in all, the median size of a renter-occupied household in Pearl, Mississippi is 2.5.

Pearl, Mississippi Renter-occupied housing units by educational attainment**

Less than high school graduate 593
High school graduate (including equivalency) 996
Some college or associate's degree 1,647
Bachelor's degree or higher 1,056

In terms of education, renters holding bachelor degrees or higher make up 25% of the rental market. In contrast, residents with less than a high school degree reside in 14% of the homes for rent in Pearl, Mississippi.

Pearl, Mississippi Renter-occupied units by year structure built**

Built 2010 - 2019 145
Built 2000 - 2009 449
Built 1990 - 1999 1,063
Built 1980 - 1989 691
Built 1970 - 1979 888
Built 1960 - 1969 780
Built 1950 - 1959 255

The highest share of Pearl, Mississippi apartment rentals, namely 25% or 1,063 units, were Built 1990 - 1999, followed by those Built 1970 - 1979 (21%, 888 units), and the ones Built 1960 - 1969 (18%, 780 units).

Pearl, Mississippi Renter-occupied units by year householder moved in**

Moved in 2021 or later 489
Moved in 2018 to 2020 1,832
Moved in 2010 to 2017 1,724
Moved in 2000 to 2009 185
Moved in 1990 to 1999 38
Moved in 1989 or earlier 24

Median year renter moved into unit 2018

Most Pearl, Mississippi renters (43%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Pearl, Mississippi condos for rent is 2018.

Pearl, Mississippi Renter-occupied housing units by vehicles available**

No vehicle available 253
1 vehicle available 2,232
2 vehicles available 1,222
3 vehicles available 347
4 vehicles available 111
5 or more vehicles available 127

When it comes to transportation options, 52% of Pearl, Mississippi renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 8% have 3 vehicles available.

Pearl, Mississippi Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 4,387
Car, truck, or van - carpooled 753
Walked 189
Worked at home 474

Pearl, Mississippi Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 7,456
Moved within same county 1,595
Moved from different county within same state 1,181
Moved from different state 353
Moved from abroad 54

The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Pearl, Mississippi apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

*Average single-family rent calculated from point2homes.com data.

**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates

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