Mississippi Mortgage Rates & Home Prices (2026)
Median price: $168,000 · Avg. rate: 6.92%
Mississippi Market Overview
$168,000
Median Home Price
6.92%
Avg. 30-Yr Rate
0.80%
Property Tax Rate
68.3%
Homeownership Rate
Mississippi has the most affordable housing in the United States with a median home price under $170,000. The Mississippi Home Corporation offers up to 6% of the loan amount in down payment assistance. Low cost of living makes homeownership very accessible.
Estimated Monthly Payment
Median home in Mississippi (20% down, 30-yr fixed)
$1,069/mo
Principal & Interest$887
Property Taxes$112
Home Insurance (est.)$70
Total Monthly (PITI)$1,069
Based on a $168,000 home with 20% down ($134,400 loan) at 6.92%. Does not include PMI, HOA, or other fees.
First-Time Buyer Programs in Mississippi
- MHC Smart6 Program
- MHC S.M.A.R.T. Initiative
- Habitat Partnership Program
Contact your state's Housing Finance Agency for current program availability and requirements.
Rate Comparison: MS Rates
30-Year Fixed6.92%
15-Year Fixed6.16%
5/1 ARM (est.)6.17%
FHA 30-Year6.77%
VA 30-Year6.67%
Rates are estimates based on state averages and may vary by lender and borrower qualifications.
Frequently Asked Questions
Key Stats: MS
FHA Loan Limit$472,030
Median Income$48,610
Cost Index0.76x