DeSoto County, Mississippi home prices
Typical home $299,861 · +1.4% in a year · property tax 0.6%
The typical home in DeSoto County is worth $299,861, 54% more than the Mississippi typical home ($194,531). Values changed +1.4% in the past year and +16.9% over five years. Homeowners here pay a median 0.6% of their home's value in property tax each year ($1,794 on the typical home), versus 0.65% statewide.
Mortgage on the typical DeSoto County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $59,972 | $239,889 | $1,614 | $0 | $299 | $1,913 | $82,000 |
| 10% down | $29,986 | $269,875 | $1,815 | $112 | $299 | $2,227 | $95,500 |
| 5% down | $14,993 | $284,868 | $1,916 | $119 | $299 | $2,334 | $100,000 |
| 3.5% down (FHA) | $10,495 | $294,430 | $1,981 | $133 | $299 | $2,413 | $103,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.6% 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 Memphis metro area.
Mississippi counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Oktibbeha County | $282,630 | +4.6% | 0.71% |
| Rankin County | $271,112 | +3.4% | 0.6% |
| Lamar County | $265,690 | +3.6% | 0.66% |
| Madison County | $336,172 | +1.1% | 0.68% |
| Tate County | $248,358 | +4.9% | 0.65% |
| Hancock County | $236,201 | +0.8% | 0.71% |
| Harrison County | $229,862 | +2.8% | 0.65% |
| Marshall County | $216,006 | +0.4% | 0.72% |
| Jackson County | $214,695 | +0.4% | 0.71% |
| George County | $213,326 | +4.5% | 0.63% |
Frequently asked questions
What is the average home price in DeSoto County, MS?
The typical home value in DeSoto County is $299,861 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in DeSoto County?
About $82,000 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in DeSoto County?
The median effective rate is 0.6% of home value a year (Census ACS 2024 5-year estimates).