Indianola, MS home prices
Typical home $93,014 · -8.3% in a year · income needed $26,500
The Indianola, MS metro area ranks 889 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -8.3% in a year and -30.7% over five years. With 20% down at 7.11%, the typical home costs about $619 a month including 0.93% property tax (Sunflower County rate).
Mortgage on the typical Indianola home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $18,603 | $74,411 | $501 | $0 | $118 | $619 | $26,500 |
| 10% down | $9,301 | $83,713 | $563 | $35 | $118 | $716 | $30,700 |
| 5% down | $4,651 | $88,364 | $594 | $37 | $118 | $750 | $32,100 |
| 3.5% down (FHA) | $3,255 | $91,330 | $614 | $41 | $118 | $774 | $33,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.93% 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 Indianola area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Sunflower County, MS | $93,013 | -8.4% | 0.93% |
What can you afford in Mississippi on your salary? · Mississippi home prices · Salaries in Mississippi
Frequently asked questions
How much is a house in Indianola?
The typical home in the Indianola, MS metro area is worth $93,014 (Zillow, September 2026).
What salary do you need to buy a house in Indianola?
About $26,500 a year for the typical home with 20% down at 7.11%.