national
Mississippi
metro
district
Mississippi
Mississippi apartments and their residents contribute
$12.0B
to the
state
economy annually, supporting
74.3K
jobs.
state data
-
Mississippi
67.4K
166.1K
Apartment Residents
Spending from Mississippi's apartment residents contributes
$11.1B
to the local economy each year (including
$764.0M
in taxes), creating
71K
jobs.
0.0K
110.2K
Apartment Homes
The operation of Mississippi's apartment homes contributes
$501.1M
to the local economy each year (including
$121.3M
in property taxes), creating
1K
jobs.
15% 38%
Share of Mississippi's Apartments Built Before 1980
The renovation and repair of apartments helps preserve
Mississippi’s
older more affordable units, contributing
$291.9M
to the local economy annually and creating
2K
jobs.
Age of Stock
Before 1959
4%
1960 - 1979
12%
1980 - 1999
13%
2000 or Later
14%
02
312
New Apartments Needed Annually
Apartment demand is growing and the industry needs to keep up. However, producing enough new apartments to meet demand requires new development approaches, more incentives and fewer restrictions.
Mississippi
needs to build
312
new apartment homes each year to meet demand.
Apartment construction contributes
$174.7M
to Mississippi's economy annually, creating
992
jobs.


Source: Hoyt Advisory Services; NMHC/NAA; 2023 American Community Survey, U.S. Census Bureau

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