When it comes to monthly mortgage fees, Mississippi homeowners pay $169 less than the national average. The real estate tax rate in the state is on the cheaper side with 0.81% and an average of $1,751 property tax per year.
On average, Mississippi residents earn $5,053 annually per household, and the median home value in the state is $130,200.
That said, you may find yourself looking at a different price point when you consider other factors, such as loan terms, interest rates and a down payment. MoneyGeek’s Mississippi mortgage calculator helps you make an informed decision by providing you with a custom estimate of your mortgage payment based on your unique situation.