What to know before you move: cost, market timing, who it fits.
If you're considering a move to Philadelphia, MS, the most important variables are the local housing market, the cost structure (taxes, insurance, utilities), and how well the city fits your day-to-day life. This page summarizes the housing market read; pair it with the cost of living page for the full picture.
Philadelphia is a city in Neshoba County, Mississippi, with an estimated population of 6,938. The population has contracted 0.6% per year on average since 2020. The median home value in Philadelphia is $135,599 as of 2026-04, down 3.3% over the last 12 months. Over the last five years, home values have averaged +0.4% annual growth (-9.0% from the 5-year peak). The composite momentum score is 39 of 100 (Cooling). Buyers may find more room to negotiate; sellers should price realistically.
Prices have come off recent highs (-9.0% from peak). Buyers may have more room to negotiate; sellers should price realistically.
Reasons people move here
- Cheap entry point: $135,599 median home is well below the US median of $355k — room to grow without overpaying.
- The data is the data: Philadelphia has at least 5 years of Zillow tracking, full Census identification, and is included in the 2-criteria momentum score on this page.
Things to know first
- Cooling: -3.3% over the trailing year — momentum has stalled.
- Flat or shrinking population: -0.6% per year. Housing demand has to come from somewhere — verify the source.
- Thin housing market: small population means fewer transactions and slower resale. Liquidity risk on exit.
More about Philadelphia
Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.