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Cost of homeownership in Mississippi

State averages from Census ACS, energy costs from DOE EIA, and appreciation from FHFA. County-level detail is below.

Avg home value
$120,972
Avg property tax
$903
Homeownership rate
71.2%
1yr appreciation
3.8%

Home price trend

FHFA House Price Index, quarterly.

Most expensive counties

  1. 1.Madison County$264,700
  2. 2.Lafayette County$242,800
  3. 3.DeSoto County$227,600
  4. 4.Oktibbeha County$211,200
  5. 5.Lamar County$209,700
  6. 6.Rankin County$203,300
  7. 7.Hancock County$197,400
  8. 8.Harrison County$185,000
  9. 9.Lee County$172,900
  10. 10.Pearl River County$167,700

Most affordable counties

  1. 1.Greene County11.6%
  2. 2.Neshoba County12.1%
  3. 3.Franklin County12.2%
  4. 4.Itawamba County12.6%
  5. 5.Jasper County12.7%
  6. 6.Union County13.1%
  7. 7.Newton County13.1%
  8. 8.Tishomingo County13.1%
  9. 9.Simpson County13.2%
  10. 10.Smith County13.2%
Avg electricity
14.0¢/kWh

DOE EIA residential average.

Avg annual energy cost
$1,515

Residential baseline.

Avg mortgage interest deduction
Pending

IRS SOI, state-level avg.

All counties in Mississippi

Frequently asked questions

How much does it cost to own a home in Mississippi?

Based on Census ACS, the state average home value in Mississippi is $120,972, with median annual property tax around $903. Your actual cost depends on county and property.

What is the property tax in Mississippi?

Property tax rates vary by county. Mississippi's state average sits at roughly $903 per year on a median home. See county-level pages for local rates.

How fast are home prices appreciating in Mississippi?

FHFA House Price Index data shows Mississippi appreciating 3.8% over the last year and 41.3% over the last five years.

Is homeownership high in Mississippi?

Mississippi's homeownership rate is 71.2% (Census ACS). The share of owner-occupied units varies widely across counties.

Data sources

Disclaimer. HomeRule is not a real estate agent, lender, appraiser, or financial advisor. This content is for educational and informational purposes only. Actual costs vary significantly by property, location, and individual circumstances. Consult qualified professionals for personalized advice.