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Lee County, MS

RANK #59 / 996  ·  POP 83,343  ·  MS

PROJECTED GROWTH: +3.3%

Lee County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Lee County?

Lee County, Mississippi, is perhaps best known as the birthplace of Elvis Presley, located in Tupelo, the county seat. This northeastern Mississippi county sits roughly halfway between Birmingham, Alabama, and Memphis, Tennessee, with Tupelo serving as a commercial and cultural hub. The community offers a blend of small-town living with access to urban amenities. Outdoor recreation is available at places like the Natchez Trace Parkway, which has hiking trails and scenic views, and Tombigbee Lake State Park, offering fishing and boating on Lake Lee.

Life in Lee County provides a suburban feel, with many residents owning their homes. The public schools in the county are highly rated, a factor that appeals to families. The economy, once heavily reliant on furniture manufacturing, has diversified to include advanced manufacturing, information technology, and financial services. This economic evolution, coupled with a lower cost of living, attracts a mix of families and young professionals. The average commute time for residents is around 20.8 minutes.

[02] Market Snapshot

Housing Ratio
2.9x

Undervalued relative to economy

GDP Growth
+0.9%

Well below national median

Home Prices
+5.7%

Outpacing national median

Climate & Terrain
-0.9

Below-average climate & terrain

Price/Rent
12x

Strong rental yield

Housing looks undervalued at 2.9x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Lee County U.S. National

The Numbers

DEMOGRAPHICS
Population
83,343
-0.05% YoY
Median Household Income
$64,479
Median Home Value
$172,900
+5.7% 12mo
Median Rent
$898
Average Annual Pay
$51,183
+3.8% YoY
Employment
52,532
-0.7% YoY
Income-to-Home-Value
0.3729
More affordable than average
Migration Inflow
2.58%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$225,000
Days on Market
52
Moderate pace
Months of Supply
4.7
Balanced market
Sale-to-List Ratio
89.1%
Negotiation room for buyers
Listings w/ Price Drops
23.3%
Building Permits (2024)
126
Single-Family Permits
92

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$648M
TOTAL
PROJECT AMOUNT STATUS
CPV Jugfork Solar Project
Competitive Power Ventures (CPV)
$320M Planned
Liebherr Distribution and Manufacturing Operations
Liebherr
$176M Planned
Ashley Furniture Expansion (Verona and Saltillo)
Ashley Furniture
$102M Completed
Amazon Last-Mile Facility (Saltillo)
Amazon
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +0.9% 17 percentile
Population Growth -0.1% 27 percentile
Income Growth +6.2% 10 percentile
Vacancy Rate 1.6% 20 percentile
Home Price Change +5.7% 94 percentile
Rent Growth +7.0% 90 percentile
Price/Rent 12x 71 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Lee County, MS a good place to move to?

Lee County has a Boom Town Index score of 94/100, ranking #59 among 996 U.S. counties. With job growth at -0.7% and a median household income of $64,479, it's an above-average county on economic indicators.

Is Lee County affordable?

The median home value in Lee County is $172,900 with median rent at $898/month. The income-to-home-value ratio is 0.3729, which is more affordable than the national average.

Is Lee County growing or shrinking?

Population growth: -0.1% year-over-year. Job growth: -0.7%. Home values changed +5.7% in the past 12 months.

Are people moving to Lee County?

Yes — 2.58% of Lee County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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