What is the average mortgage rate in Mississippi in 2026?
Around 7.46% as of October 19, 2026, in line with national average.
Best Mortgage Rates Mississippi 2026
Mississippi has the lowest average home values in the US, with an average home value of $189,895 as of February 2026 — making it one of the most accessible housing markets in the country.
30-year fixed
7.46%
National avg
15-year fixed
6.82%
National avg
5/1 ARM
6.82%
National avg
| Product | Rate (APR) |
|---|---|
| 30-year fixed (national avg) | 7.46% |
| 15-year fixed (national avg) | 6.82% |
| 5/1 ARM (national avg) | 6.82% |
Rates verified Oct 21, 2026
Rates shown are national benchmark averages from the site data file, not live quotes from lenders. Confirm pricing with banks and brokers in Mississippi. Not financial advice.
Mississippi at a glance
- Average home price: $189,895
- State income tax: Yes (4% on income over $10,000)
- Land transfer tax: None
- Typical monthly payment: $1,058/mo on $189,895 with 20% down, 30-year term, at 7.46% — excludes taxes, insurance, and HOA.
Frequently Asked Questions
Does Mississippi have a real estate transfer tax?
No — Mississippi has no state real estate transfer tax.
What is the average home price in Mississippi in 2026?
$189,895 — the lowest average home value in the US.
How much do I need to earn to afford a home in Mississippi?
To afford $189,895 with 20% down at 7.46%, you need approximately $45,000–$45,000 annual income.
Mississippi mortgage calculator · Educational reference only. Not financial or lending advice.