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Waveland, MS

Full City Profile · Mississippi · Hancock County County

3.1 /5.0
B Good
7,066 Population 832/sq mi density
$58,795 Median Income $31,885 per capita
$201,800 Home Value $207,541 Zillow
$828 Median Rent 30.3% income on rent
67°F Avg Temperature 313 sunny days/yr
133 Violent Crime/100K 3,117 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$58,795 median income, 3.8% unemployment
A+
Affordability
4.8 / 5.0
$201,800 home value, $828/mo rent
F
Safety
1.0 / 5.0
133 violent crimes/100K
C+
Education
2.9 / 5.0
23.8% bachelor's degree or higher

Housing Overview

Median Home Value
$201,800
28% below
US avg: $281,900
Median Rent
$828/mo
29% below
US avg: $1,163/mo
Homeownership Rate
61.8%
6% below US avg (65.4%)
Total Housing Units
3,590
Median year built: 1996

Home Value by Source

Census Median
$201,800
Zillow (ZHVI)
$207,541
Median Sale Price
$317,500
Median List Price
$249,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

61.8%
Owner-Occupied
38.2%
Renter-Occupied
62%
38%
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: $828/mo

Market Indicators (Redfin)

Median Days on Market
205 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
6
Price Drops
24.0%
of listings with price reduction
Price Per Sq Ft
$225
Active Inventory
50
homes for sale

Affordability & Housing Stock

Rent Burden
30.3%
of renters spending 30%+ of income on housing
2% below US avg (31.0%)
Median Year Built
1996
Average age of housing stock: 30 years
Homeownership Rate
61.8%

Complete Housing Data

Home Values

Census Median Value$201,800
Zillow Home Value (ZHVI)$207,541
Median Sale Price$317,500
Median List Price$249,900
Price Per Sq Ft$225

Rent

Census Median Rent$828
FMR Studio$751
FMR 1-Bedroom$782
FMR 2-Bedroom$924
FMR 3-Bedroom$1,177
FMR 4-Bedroom$1,295

Market

Days on Market205
Sale-to-List Ratio1.0%
Price Drops24.0%
Homes Sold6
Active Inventory50
Price Per Sq Ft$225

Ownership & Stock

Owner-Occupied61.8%
Renter-Occupied38.2%
Homeownership Rate61.8%
Total Housing Units3,590
Median Year Built1996
Rent Burden30.3%