Shannon, MS
Full City Profile · Mississippi · Lee County County
3.2
/5.0
B
Good
1,719
Population
424/sq mi density
$42,208
Median Income
$21,369 per capita
$120,200
Home Value
$171,209 Zillow
$723
Median Rent
25.9% income on rent
63°F
Avg Temperature
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.6 / 5.0
$42,208 median income, 7.2% unemployment
A+
Affordability
5.0 / 5.0
$120,200 home value, $723/mo rent
C
Education
2.1 / 5.0
13.4% bachelor's degree or higher
Housing Overview
Median Home Value
$120,200
57% below
US avg: $281,900
Median Rent
$723/mo
38% below
US avg: $1,163/mo
Homeownership Rate
67.2%
3% above US avg (65.4%)
Total Housing Units
860
Median year built: 1985
Home Value by Source
Census Median
$120,200
Zillow (ZHVI)
$171,209
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
67.2%
Owner-Occupied
32.8%
Renter-Occupied
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:
$723/mo
Affordability & Housing Stock
Rent Burden
25.9%
of renters spending 30%+ of income on housing
16% below US avg (31.0%)
Median Year Built
1985
Average age of housing stock: 41 years
Homeownership Rate
67.2%
Complete Housing Data
Home Values
| Census Median Value | $120,200 |
| Zillow Home Value (ZHVI) | $171,209 |
Rent
| Census Median Rent | $723 |
| 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-Occupied | 67.2% |
| Renter-Occupied | 32.8% |
| Homeownership Rate | 67.2% |
| Total Housing Units | 860 |
| Median Year Built | 1985 |
| Rent Burden | 25.9% |