Current Mississippi Real Estate Income, Sales, and Trends

What is Mississippi known for? The Magnolia State, as it is nicknamed, is popular for several things.

Hospitality, blues music, and the delicious catfish are just part of the State’s attractions. Mississippi is also famous for its humid, subtropical climate.

This means that residents here enjoy hot summers and mild winters. This weather is ideal for year-round agricultural activities.

The real estate business in the state has also risen considerably. More people are relocating in and out of the state each year.

With the shift, more properties are sold while others are bought. On average, 69,948 people migrated to Mississippi in 2022.¹

That was around 17% more than in 2021. Around 59,759 people moved into the state during that year.

What does this mean? If you dream of becoming a real estate agent, Mississippi is an excellent place to start.

How Much Do Real Estate Agents Typically Take Home in Mississippi?

Anyone would want to become a real estate agent in Mississippi because of the pay. It is the first driving force in many careers besides the passion for the job.

As of October 2023, the top job recruiters and real estate agents put the average annual salary for real estate agents between $70,000 and $72,000. This is not too far from the national average.

Do you want to become a real estate agent in Mississippi? You could be taking home around $34.95 per hour.

Reestablishing Your Real Estate License and Reciprocity in Mississippi

Sometimes, you can become a real estate agent in Mississippi through reciprocity.

What does this mean? As explained earlier, you only undertake part of the application process.

Reciprocity is usually an agreement between two real estate regulatory commissions in different states. The agreement recognizes real estate license requirements from a particular state by another state.

For example, if you are a licensed real estate agent from Georgia, you do not need to reapply for licensing in Mississippi. This is known as full reciprocity.

In some cases, the agreement is not a full one (partial reciprocity). In this case, the licensee is exempted from the national exam section in such a case.

They are only required to undertake the state’s (Mississippi) exam portion.

What States Have a Full Reciprocity Agreement With Mississippi?

If you come from the following states, you do not need to undertake any licensing exams:

• Georgia
• Iowa
• Connecticut
• Utah
• Massachusetts
• Louisiana
• New York – broker licensees

States With a Partial Reciprocity Agreement With Mississippi

If you are a licensed real estate agent from these states, you only need to take the Mississippi State portion of the exam:

• Alaska
• Arizona
• Alabama
• Arkansas
• Delaware
• Florida
• Indiana
• Idaho
• Colorado
• Hawaii
• Minnesota
• Maine
• Kansas
• Missouri
• Kentucky
• Ohio
• Texas
• New Mexico
• Tennessee
• Nebraska
• North Carolina
• South Dakota
• Wyoming
• Virginia
• West Virginia
• Washington
• The District of Columbia

You might be living in a state without any reciprocity agreement with Mississippi. You do not need to worry.

You can still get a real estate license in Mississippi.

However, you must undertake the state’s pre-licensing education. Also, you apply for the license as a non-resident.

What Is the Future for Real Estate Agents?

Like in any other industry, the availability of real estate jobs keeps fluctuating. You can clearly see this from various reports from government sites and job listing sites.

The US Bureau of Labor Statistics reports predict a 3% surge in real estate jobs between 2022 and 2032.² This means increased demand for real estate agent skills in the next decade.

The demand grows as more people turn to these professionals to help them acquire homes.

For example, around 51,600 new real estate agent openings are expected yearly. These are significant positions.

Therefore, if you plan to become a real estate agent, now might be the ideal time. Do not hold your ambitions waiting for a better time.