Panola County, Mississippi home prices
Typical home $185,775 · +1.9% in a year · property tax 0.65%
The typical home in Panola County is worth $185,775, 5% less than the Mississippi typical home ($194,531). Values changed +1.9% in the past year and +8.1% over five years. Homeowners here pay a median 0.65% of their home's value in property tax each year ($1,201 on the typical home), versus 0.65% statewide.
Mortgage on the typical Panola County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $37,155 | $148,620 | $1,000 | $0 | $193 | $1,193 | $51,100 |
| 10% down | $18,578 | $167,198 | $1,125 | $70 | $193 | $1,387 | $59,500 |
| 5% down | $9,289 | $176,487 | $1,187 | $74 | $193 | $1,454 | $62,300 |
| 3.5% down (FHA) | $6,502 | $182,410 | $1,227 | $82 | $193 | $1,502 | $64,400 |
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.
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 |
|---|---|---|---|
| Tishomingo County | $186,187 | -4.1% | 0.49% |
| Lowndes County | $187,535 | +3.4% | 0.6% |
| 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% |
| Stone County | $204,922 | +7.8% | 0.7% |
| Monroe County | $164,938 | +0.9% | 0.7% |
Frequently asked questions
What is the average home price in Panola County, MS?
The typical home value in Panola County is $185,775 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Panola County?
About $51,100 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Panola County?
The median effective rate is 0.65% of home value a year (Census ACS 2024 5-year estimates).