Covington County, Mississippi home prices
Typical home $176,068 · +13.5% in a year · property tax 0.59%
The typical home in Covington County is worth $176,068, 9% less than the Mississippi typical home ($194,531). Values changed +13.5% in the past year and +18.0% over five years. Homeowners here pay a median 0.59% of their home's value in property tax each year ($1,037 on the typical home), versus 0.65% statewide.
Mortgage on the typical Covington County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $35,214 | $140,854 | $948 | $0 | $174 | $1,122 | $48,100 |
| 10% down | $17,607 | $158,461 | $1,066 | $66 | $174 | $1,306 | $56,000 |
| 5% down | $8,803 | $167,264 | $1,125 | $70 | $174 | $1,369 | $58,700 |
| 3.5% down (FHA) | $6,162 | $172,879 | $1,163 | $78 | $174 | $1,415 | $60,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.59% 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.
What it takes: see what you can afford by salary in Mississippi · part of the Hattiesburg metro area.
Mississippi counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Carroll County | $175,987 | -6.7% | 0.53% |
| Alcorn County | $179,058 | +7.0% | 0.58% |
| Webster County | $171,919 | +1.2% | 0.68% |
| Forrest County | $181,503 | +0.7% | 0.81% |
| Lincoln County | $167,175 | +1.5% | 0.7% |
| Panola County | $185,775 | +1.9% | 0.65% |
| Tishomingo County | $186,187 | -4.1% | 0.49% |
| Monroe County | $164,938 | +0.9% | 0.7% |
| Lowndes County | $187,535 | +3.4% | 0.6% |
| Leake County | $163,401 | +7.0% | 0.67% |
Frequently asked questions
What is the average home price in Covington County, MS?
The typical home value in Covington County is $176,068 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Covington County?
About $48,100 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Covington County?
The median effective rate is 0.59% of home value a year (Census ACS 2024 5-year estimates).