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New Albany, MS

Full City Profile · Mississippi · Union County County

3.0 /5.0
B Good
7,661 Population 420/sq mi density
$46,276 Median Income $28,233 per capita
$150,000 Home Value $196,968 Zillow
$956 Median Rent 29.8% income on rent
60°F Avg Temperature 301 sunny days/yr
1,581 Violent Crime/100K 4,490 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.3 / 5.0
$46,276 median income, 0.9% unemployment
A+
Affordability
4.9 / 5.0
$150,000 home value, $956/mo rent
F
Safety
1.0 / 5.0
1,581 violent crimes/100K (316% above avg)
C+
Education
2.8 / 5.0
22.5% bachelor's degree or higher

Housing Overview

Median Home Value
$150,000
47% below
US avg: $281,900
Median Rent
$956/mo
18% below
US avg: $1,163/mo
Homeownership Rate
56.9%
13% below US avg (65.4%)
Total Housing Units
3,447
Median year built: 1975

Home Value by Source

Census Median
$150,000
Zillow (ZHVI)
$196,968
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

56.9%
Owner-Occupied
43.1%
Renter-Occupied
57%
43%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$751/mo
1 Bedroom
$782/mo
2 Bedroom
$924/mo
3 Bedroom
$1,177/mo
4 Bedroom
$1,295/mo
Census median rent: $956/mo

Affordability & Housing Stock

Rent Burden
29.8%
of renters spending 30%+ of income on housing
4% below US avg (31.0%)
Median Year Built
1975
Average age of housing stock: 51 years
Homeownership Rate
56.9%

Complete Housing Data

Home Values

Census Median Value$150,000
Zillow Home Value (ZHVI)$196,968

Rent

Census Median Rent$956
FMR Studio$751
FMR 1-Bedroom$782
FMR 2-Bedroom$924
FMR 3-Bedroom$1,177
FMR 4-Bedroom$1,295

Market

Ownership & Stock

Owner-Occupied56.9%
Renter-Occupied43.1%
Homeownership Rate56.9%
Total Housing Units3,447
Median Year Built1975
Rent Burden29.8%