Brandon Home Prices: $266K, Up 1.6% — 3 ZIPs Analyzed (2026)

$266,284. That’s the typical home value in Brandon, MS as of February 2026. Prices are up 1.6% over the past year and have climbed every month since last summer.

Quick answer: The average home price in Brandon, MS is $266,284 as of February 2026, up 1.6% year over year according to Zillow.

Current Home Prices in Brandon

Brandon sits in the Jackson, MS metro and tracks well above the state’s largest city for home values. The data covers 3 ZIP codes inside and bordering the city.

The $68,000 gap between Brandon’s cheapest and priciest ZIP tells you the local market splits cleanly along geography. You won’t find a single price point that defines the city.

A 1.6% annual gain isn’t fast. It barely keeps pace with general inflation. But Brandon prices haven’t fallen — they paused, then resumed climbing. Compare that to Jackson, which has shed population for years, and Brandon looks like the steadier bet inside the metro.

The current median has been working its way back up since a July 2025 low of $260,392. That’s a $5,892 recovery in seven months. If you bought at the bottom, you’re already looking at modest paper gains.

Brandon Home Prices by Neighborhood

Three ZIP codes carry the local market. Two are firmly above the city median. One sits well below it.

Most Expensive

39047 tops the list at $291,564 — about $25,000 above the city average and home to the highest rents in the area at $1,930. 39042 follows at $284,028 with rents around $1,726. Both ZIPs price roughly $60,000 above the cheapest pocket of the market.

Most Affordable

39145 is the bargain ZIP at $223,261 — $43,023 below the Brandon median and the only ZIP under $250K. Rent data isn’t tracked here, suggesting a smaller rental pool. 39042 is the middle tier at $284,028 with the city’s lowest tracked rents. 39047, while priciest, sets the ceiling at $291,564 — still under the $300K mark.

Rent vs Buy in Brandon

Renters in ZIP 39047 pay a median $1,930 a month. In 39042, it’s $1,726.

Now the buy side. The Brandon median is $266,284. With 20% down ($53,257), you’d finance $213,027. At a 7% 30-year fixed rate, principal and interest run about $1,417 a month. Add property tax and insurance — roughly $300 in Mississippi — and your all-in monthly cost lands near $1,717.

Owning at the median, with 20% down, comes out cheaper than renting in the most expensive ZIP and roughly even with renting in the cheaper one. That’s before tax deductions, equity build-up, or maintenance costs.

The math favors buying — if you have the down payment. With less than 20% down, PMI and a higher rate can push the monthly cost above rent. Renting in 39042 makes more sense if you’ll move within three years or can’t put significant cash down.

Population Growth and Migration

Brandon is growing. Slowly, but it’s growing.

That’s a 2.9% gain over four years, or roughly 185 people a year. Not booming, but every year posted positive growth.

The contrast with the rest of the state matters more than the raw number.

Jackson lost 7.6% of its residents while Brandon — sitting just east of it in the same metro — added population. That migration pattern explains a lot about why Brandon’s home values are creeping up while many parts of central Mississippi struggle. Demand follows people, and people are moving toward Brandon, not away.

For housing, steady population gains plus rising prices is a healthy pairing. It signals real demand, not speculation.

Brandon Housing Market Trends

The 12-month trend shows a clear bottom and a slow climb.

Prices dipped from March through July 2025, hitting $260,392. Since then, every single month has posted a gain. That’s eight consecutive months of growth.

The pace is accelerating. The Jul-to-Oct stretch added $1,764 over three months — about $588/month. The most recent three months (Dec to Feb) added $2,938, or close to $980/month. The market isn’t just recovering. It’s picking up speed.

Is Brandon a Good Place to Buy in 2026?

The numbers point to a stable, slightly seller-friendly market.

Prices are rising modestly. Population is growing. The metro’s biggest city is shrinking, which sends migration toward suburbs like Brandon. Rent and mortgage costs sit close enough that buying makes sense for anyone planning to stay more than three to four years.

What it isn’t: a hot market. A 1.6% annual gain doesn’t reward speculators. There’s no urgency, no bidding-war pressure visible in the data. You can take your time.

The cheap ZIP — 39145 at $223,261 — is the value play. The expensive ones (39042 and 39047) are stable but won’t deliver outsized appreciation at this pace. If you need a starter home, look at 39145. If you need school district or commute factors that pull you to 39047, expect to pay for it.

For 2026, Brandon looks like a place where buying beats renting on the math, and where prices are likely to drift upward rather than spike or crash.

Brandon Housing Market Outlook for 2026-2027

The 3-month trend points up. Brandon added roughly $980 in median value per month from December through February. If that pace continues, the next six months would add another $5,880 or so to the median.

That’s a big “if.” The 12-month picture shows a softer 1.6% annual gain, which suggests the recent acceleration may not hold. Either the market is genuinely picking up steam or the winter months are showing a temporary tailwind.

What the data does support: continued slow appreciation rather than a reversal. Eight straight months of gains, paired with population growth and Jackson’s outflow, makes a sustained downturn unlikely in the short term.

If you’re waiting for prices to drop before buying, the trend doesn’t favor you. If you’re hoping for double-digit gains as a seller, that isn’t in the numbers either. Plan for steady, low-single-digit appreciation through 2027.

Similar Markets in MS

If Brandon’s prices feel high or you want to compare neighboring markets, these cities post different profiles inside Mississippi.

• Jackson — The metro hub right next door, but with sharply different price and population trends.
• Gulfport — A coastal market with similar growth dynamics but a much larger population base.
• Biloxi — Another Gulf Coast option for buyers comparing inland vs coastal value.
• Meridian — An east Mississippi market that often runs cheaper than the Jackson metro.
• Columbus — A smaller north-central city worth checking if you want lower-cost alternatives.

Frequently Asked Questions

What is the average home price in Brandon?

The average home price in Brandon, MS is $266,284 as of February 2026. That figure is the Zillow Home Value Index across the three ZIP codes in and around the city. The range runs from $223,261 in ZIP 39145 to $291,564 in ZIP 39047.

Are home prices going up or down in Brandon?

Up. Brandon home values are 1.6% higher than they were a year ago. Prices have risen every month since July 2025, an eight-month streak with the pace accelerating in the most recent three months.

Is it cheaper to rent or buy in Brandon?

Buying is slightly cheaper at the median, assuming you can put 20% down. The median home costs roughly $1,717 a month with 20% down at a 7% mortgage rate plus taxes and insurance. That’s below median rent of $1,930 in ZIP 39047 and right around the $1,726 rent in 39042.

What is the most affordable neighborhood in Brandon?

ZIP 39145 is the cheapest at $223,261 — about $43,000 below the Brandon city median. It’s the only ZIP in the area where the median home value falls below $250,000. Rent data isn’t tracked there, which suggests a smaller rental market.

Methodology

Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.