Grenada, MS home prices
Typical home $129,495 · -4.7% in a year · income needed $37,400
The Grenada, MS metro area ranks 847 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -4.7% in a year and +2.4% over five years. With 20% down at 7.11%, the typical home costs about $872 a month including 1.02% property tax (Grenada County rate).
Mortgage on the typical Grenada home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $25,899 | $103,596 | $697 | $0 | $175 | $872 | $37,400 |
| 10% down | $12,949 | $116,545 | $784 | $49 | $175 | $1,008 | $43,200 |
| 5% down | $6,475 | $123,020 | $828 | $51 | $175 | $1,054 | $45,200 |
| 3.5% down (FHA) | $4,532 | $127,149 | $855 | $57 | $175 | $1,088 | $46,600 |
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 Grenada area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Grenada County, MS | $129,552 | -4.7% | 1.02% |
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Frequently asked questions
How much is a house in Grenada?
The typical home in the Grenada, MS metro area is worth $129,495 (Zillow, September 2026).
What salary do you need to buy a house in Grenada?
About $37,400 a year for the typical home with 20% down at 7.11%.