Montgomery County, Mississippi home prices
Typical home $131,637 · +2.1% in a year · property tax 1%
The typical home in Montgomery County is worth $131,637, 32% less than the Mississippi typical home ($194,531). Values changed +2.1% in the past year and -5.2% over five years. Homeowners here pay a median 1% of their home's value in property tax each year ($1,317 on the typical home), versus 0.65% statewide.
Mortgage on the typical Montgomery County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $26,327 | $105,310 | $708 | $0 | $176 | $884 | $37,900 |
| 10% down | $13,164 | $118,473 | $797 | $49 | $176 | $1,022 | $43,800 |
| 5% down | $6,582 | $125,055 | $841 | $52 | $176 | $1,069 | $45,800 |
| 3.5% down (FHA) | $4,607 | $129,253 | $869 | $58 | $176 | $1,103 | $47,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1% 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.
Mississippi counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Jasper County | $132,659 | -2.1% | 0.69% |
| Newton County | $132,704 | -2.1% | 0.73% |
| Hinds County | $130,045 | +1.8% | 0.88% |
| Grenada County | $129,552 | -4.7% | 1.02% |
| Marion County | $133,969 | +4.0% | 0.75% |
| Calhoun County | $128,776 | +0.3% | 0.66% |
| Kemper County | $135,394 | +11.2% | 0.57% |
| Amite County | $135,451 | -9.4% | 0.38% |
| Neshoba County | $136,271 | +0.2% | 0.89% |
| Prentiss County | $136,283 | +3.3% | 0.73% |
Frequently asked questions
What is the average home price in Montgomery County, MS?
The typical home value in Montgomery County is $131,637 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Montgomery County?
About $37,900 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Montgomery County?
The median effective rate is 1% of home value a year (Census ACS 2024 5-year estimates).