How much house can I afford on $50,000 in Mississippi?
About $182,000 with 20% down ($144,000 with an FHA loan), using Mississippi's 0.65% property tax rate.
That is $12,845 less than the typical Mississippi home ($194,531), so on $50,000 you'd look at cheaper areas or a smaller home. The payment of $1,167 covers $978 principal and interest, $98 property tax and $91 insurance.
Counties in Mississippi you can afford on $50,000
60 of 80 counties have a typical home value at or below $182,000. The 25 priciest of them:
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Forrest County | $181,503 | +0.7% | 0.81% |
| Alcorn County | $179,058 | +7.0% | 0.58% |
| Covington County | $176,068 | +13.5% | 0.59% |
| Carroll County | $175,987 | -6.7% | 0.53% |
| Webster County | $171,919 | +1.2% | 0.68% |
| Lincoln County | $167,175 | +1.5% | 0.7% |
| Monroe County | $164,938 | +0.9% | 0.7% |
| Leake County | $163,401 | +7.0% | 0.67% |
| Smith County | $162,160 | -3.1% | 0.42% |
| Clay County | $162,116 | +5.2% | 0.63% |
| Perry County | $161,668 | +15.4% | 0.62% |
| Tunica County | $161,344 | +5.3% | 0.53% |
| Itawamba County | $159,400 | +12.7% | 0.59% |
| Simpson County | $159,366 | -0.4% | 0.61% |
| Yalobusha County | $159,015 | +2.9% | 0.66% |
| Greene County | $157,923 | +14.8% | 0.85% |
| Benton County | $153,391 | +7.2% | 0.69% |
| Winston County | $153,231 | +7.7% | 0.65% |
| Walthall County | $151,835 | +0.1% | 0.72% |
| Jones County | $150,092 | -3.3% | 0.74% |
| Choctaw County | $148,364 | -2.4% | 0.48% |
| Warren County | $143,982 | +0.4% | 0.8% |
| Wayne County | $143,110 | +21.2% | 0.63% |
| Tippah County | $139,263 | +1.8% | 0.77% |
| Franklin County | $138,221 | +1.7% | 0.73% |
Affordable metro areas
Assumes a 30-year fixed loan at 7.11%, property tax of 0.65% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Other salaries in Mississippi
Frequently asked questions
How much house can I afford on $50,000 in Mississippi?
About $182,000 with 20% down at 7.11%, keeping the payment (with Mississippi's 0.65% property tax and insurance) under $1,167 a month.
Is $50,000 enough to buy a house in Mississippi?
Not the typical home: the typical Mississippi home is worth $194,531 (Zillow, September 2026) and $50,000 supports about $182,000. 60 of 80 counties are within budget.