What is the average home price in Mississippi?
Around $175,000 in 2026, lowest in the US.
Mississippi Mortgage Calculator 2026
Mississippi has the most affordable home prices in the US, averaging $175,000 in 2026. Use this calculator to estimate your monthly mortgage payment.
Current Rates (Freddie Mac PMMS)
30-Year Fixed: 15-Year Fixed: Rates verified Oct 21, 2026
Adjust values — results update instantly.
State: Mississippi (median-style home price, tax, and insurance pre-filled — edit as needed)
Illustrative property tax and insurance — county rates and storm coverage vary. Not a loan offer.
Dollar amount. PMI applies when under 20% of home price.
PMI is estimated at 0.5% of the loan amount per year when your down payment is below 20% of the purchase price.
Total monthly payment
$1,108
Principal & interest
$908Property tax
$83Home insurance
$117Loan amount$140,000
Down payment$35,000 (20.0%)
Total interest (life)$186,893
Total cost$326,893
Frequently Asked Questions
Does Mississippi have a transfer tax?
No state transfer tax.
What is Mississippi state income tax?
Flat 4.7% rate in 2026.
How much do I need to earn to afford a home in Mississippi?
Approximately $33,000–$38,000 annually for the average MS home.
Related calculators
Educational estimates only. Not a lender pre-approval.