Rankin County, Mississippi home prices
Typical home $271,112 · +3.4% in a year · property tax 0.6%
The typical home in Rankin County is worth $271,112, 39% more than the Mississippi typical home ($194,531). Values changed +3.4% in the past year and +23.7% over five years. Homeowners here pay a median 0.6% of their home's value in property tax each year ($1,631 on the typical home), versus 0.65% statewide.
Mortgage on the typical Rankin County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $54,222 | $216,890 | $1,459 | $0 | $271 | $1,730 | $74,200 |
| 10% down | $27,111 | $244,001 | $1,641 | $102 | $271 | $2,015 | $86,300 |
| 5% down | $13,556 | $257,557 | $1,733 | $107 | $271 | $2,111 | $90,500 |
| 3.5% down (FHA) | $9,489 | $266,202 | $1,791 | $120 | $271 | $2,182 | $93,500 |
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 Jackson metro area.
Mississippi counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Lamar County | $265,690 | +3.6% | 0.66% |
| Oktibbeha County | $282,630 | +4.6% | 0.71% |
| Tate County | $248,358 | +4.9% | 0.65% |
| DeSoto County | $299,861 | +1.4% | 0.6% |
| 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% |
| Lee County | $212,212 | +6.1% | 0.69% |
Frequently asked questions
What is the average home price in Rankin County, MS?
The typical home value in Rankin County is $271,112 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Rankin County?
About $74,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Rankin County?
The median effective rate is 0.6% of home value a year (Census ACS 2024 5-year estimates).