Median Home Price
$295,634.25
Median Rent
$1,734.52/mo
Price-to-Rent Ratio
14.2
Property Tax RateTIE
0.81%
Price Change (1Y)
+0.5%
Price Change (5Y)
+2.7%
Break-Even Years
N/A
10-Year Wealth Difference
$120,479
Median Home PriceBETTER
$196,255.79
Median RentBETTER
$1,270.32/mo
Price-to-Rent RatioBETTER
12.9
Property Tax RateTIE
0.81%
Price Change (1Y)BETTER
+6.4%
Price Change (5Y)BETTER
+32.0%
Break-Even YearsBETTER
4 years
10-Year Wealth DifferenceBETTER
+$53,439
Key Differences
Home Prices
Southaven's median home price of $295,634.25 is higher than Tupelo's $196,255.79 by 51%.
Monthly Rent
Renting in Southaven costs $1,734.52/mo compared to $1,270.32/mo in Tupelo—a difference of $464.2/mo.
Buy vs Rent Verdict
Southaven favors renting, while Tupelo favors buying.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.