Greenwood, MS home prices
Typical home $99,504 · -4.6% in a year · income needed $28,700
The Greenwood, MS metro area ranks 885 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -4.6% in a year and -23.3% over five years. With 20% down at 7.11%, the typical home costs about $670 a month including 1.02% property tax (Leflore County rate).
Mortgage on the typical Greenwood home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $19,901 | $79,604 | $535 | $0 | $134 | $670 | $28,700 |
| 10% down | $9,950 | $89,554 | $602 | $37 | $134 | $774 | $33,200 |
| 5% down | $4,975 | $94,529 | $636 | $39 | $134 | $810 | $34,700 |
| 3.5% down (FHA) | $3,483 | $97,702 | $657 | $44 | $134 | $836 | $35,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.02% 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 Greenwood area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Leflore County, MS | $74,957 | -5.2% | 1.02% |
| Carroll County, MS | $175,987 | -6.7% | 0.53% |
What can you afford in Mississippi on your salary? · Mississippi home prices · Salaries in Mississippi
Frequently asked questions
How much is a house in Greenwood?
The typical home in the Greenwood, MS metro area is worth $99,504 (Zillow, September 2026).
What salary do you need to buy a house in Greenwood?
About $28,700 a year for the typical home with 20% down at 7.11%.