Cleveland, MS home prices
Typical home $112,026 · -7.1% in a year · income needed $31,200
The Cleveland, MS metro area ranks 874 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -7.1% in a year and -30.7% over five years. With 20% down at 7.11%, the typical home costs about $727 a month including 0.73% property tax (Bolivar County rate).
Mortgage on the typical Cleveland home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $22,405 | $89,621 | $603 | $0 | $124 | $727 | $31,200 |
| 10% down | $11,203 | $100,823 | $678 | $42 | $124 | $844 | $36,200 |
| 5% down | $5,601 | $106,424 | $716 | $44 | $124 | $885 | $37,900 |
| 3.5% down (FHA) | $3,921 | $109,997 | $740 | $50 | $124 | $914 | $39,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.73% 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.
Counties in the Cleveland area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Bolivar County, MS | $112,070 | -7.1% | 0.73% |
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Frequently asked questions
How much is a house in Cleveland?
The typical home in the Cleveland, MS metro area is worth $112,026 (Zillow, September 2026).
What salary do you need to buy a house in Cleveland?
About $31,200 a year for the typical home with 20% down at 7.11%.