Grenada, MS Housing Market
AI-powered market intelligence for the Grenada, MS metro area.
PropertyIQ Scores
Grenada, MS Market Analysis
Market Overview
Grenada, MS has a PropertyIQ Score of 18/100, indicating a weak housing market compared with state benchmarks. The top score drivers are negative home value momentum — down 3.05% over 12 months and down 1.89% over 3 months — along with a median days on market of 65 days and a 15.0% share of listings with a price cut. These figures point to soft demand and rising buyer leverage.
Grenada’s key metrics sit below Mississippi averages. The median home value is $130,126 versus the state average $197,606, and the rent index is $804 versus $954. Median household income is $46,897, below the state’s $56,447, while the unemployment rate matches the state at 3.6%. The year-over-year home value change is just $3, essentially flat even as shorter-term momentum is negative. With 89 homes for sale and 65 days on market, the market is slow and buyer-friendly. Population growth data is not available.
Key Trends
The clearest trend is falling home value momentum. The 12-month change of -3.05% and 3-month change of -1.89% show values slipping, while the $3 year-over-year change suggests an annual gain has been eroded. This makes current conditions more telling than the flat annual figure.
A second trend is slower selling. Median days on market of 65 and a 15.0% price-cut share among listings indicate longer timelines and seller concessions. That aligns with the low PropertyIQ score.
A third trend is affordability with limited income. The median home value of $130,126 and rent index of $804 are well below state averages, but household income is also $9,550 below the state average of $56,447. Lower costs help, but local purchasing power remains constrained.
A fourth trend is economic alignment on jobs but not wages. Unemployment matches the state at 3.6%, a stable signal, yet income trails the state. Without population growth data, it is unclear whether the buyer pool is expanding.
Who Is This Market For
This market may suit first-time buyers who plan to stay long term. The median home value of $130,126 is far below the state average of $197,606, which lowers the entry price. However, buyers should expect limited near-term appreciation because 12-month and 3-month momentum are negative.
Rental-focused investors may find the price-to-rent relationship more favorable than the state overall. The $130,126 median home value paired with an $804 rent index is a lower ratio than the state’s $197,606 home value and $954 rent index. This does not guarantee cash flow since expense data is not provided, but entry pricing relative to rent is more attractive than the state.
Move-up buyers and short-term flippers are likely to face headwinds. A 65-day median days on market and 15.0% price-cut share suggest selling existing homes may take time and require concessions. Negative momentum makes short-term appreciation less likely, so cash buyers or long-term investors are better aligned with current conditions.
Outlook
Near-term conditions remain cautious. With 12-month momentum of -3.05% and 3
AI-generated analysis based on current market data. Last updated October 1, 2026.
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Grenada, MS market data
Grenada, MS Housing Market Overview
Grenada, MS's median home value is $130K, down 3.1% over the past year. Homes here sell in a median 65 days. Its PropertyIQ Score of 18 sits below the state average of 50, marking a market positioned to lag its state over the next three years.
Whether you're considering buying a home, investing in rental property, or weighing entry timing in the Grenada, MS area, the PropertyIQ Score gives you a single, data-first read on relative market strength. It is validated against actual market outcomes from 2001 to 2023, with a positive score-to-return relationship in every validated year across MS and every other US state.
Southeastern markets benefit from manufacturing investment, logistics infrastructure, and relative affordability compared to national averages. The region's population growth — driven by both domestic migration and natural increase — supports sustained housing demand across metro and suburban areas. Within the Southeast, Grenada, MS's PropertyIQ Score of 18 runs below the Southeast norm.
Each month, PropertyIQ updates its score for Grenada, MS using four inputs: Zillow ZHVI twelve-month and three-month momentum, Realtor.com median days on market, and the Realtor.com share of listings with price cuts. These four signals are combined into a single 1 to 99 score computed across all metro markets and calibrated so 50 represents the state average, making it a direct read of how this market is positioned to perform relative to its state. Momentum here has been negative, with home values down 3.1% over the past year.
View Grenada, MS's complete market profile including historical price trends, score history, and AI-generated analysis. Compare this market against any other US metro to find the best opportunities for your investment strategy.
Counties in the Grenada, MS metro area
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Market data through August 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Grenada, MS a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Grenada, MS currently scores 18, a very weak-momentum reading that leaves it positioned to lag its state over the next three years. For buyers, cooling demand usually brings more inventory, longer sale times, and real leverage to negotiate on price. Backing that up, the median home value here is $130K, down 3.1% over the past year. So whether Grenada, MS is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Grenada, MS?
Grenada, MS's PropertyIQ Score is 18, indicating very weak momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 18 places Grenada, MS below its state benchmark.
Are home prices in Grenada, MS rising or falling?
Home prices in Grenada, MS are falling. Over the past year, the median home value declined 3.1%, reaching $130K. Over the latest three months, values slipped 1.9%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Grenada, MS's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Grenada, MS?
In Grenada, MS, homes sell in a median of 65 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 15% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Grenada, MS market data is refreshed on a monthly cycle, with the latest figures current through August 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.