Laurel, MS home prices
Typical home $145,785 · -3.3% in a year · income needed $40,600
The Laurel, MS metro area ranks 817 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -3.3% in a year and -6.1% over five years. With 20% down at 7.11%, the typical home costs about $947 a month including 0.74% property tax (Jones County rate).
Mortgage on the typical Laurel home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $29,157 | $116,628 | $785 | $0 | $162 | $947 | $40,600 |
| 10% down | $14,579 | $131,207 | $883 | $55 | $162 | $1,100 | $47,100 |
| 5% down | $7,289 | $138,496 | $932 | $58 | $162 | $1,152 | $49,400 |
| 3.5% down (FHA) | $5,102 | $143,145 | $963 | $64 | $162 | $1,190 | $51,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.74% 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 Laurel area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Jones County, MS | $150,092 | -3.3% | 0.74% |
| Jasper County, MS | $132,659 | -2.1% | 0.69% |
What can you afford in Mississippi on your salary? · Mississippi home prices · Salaries in Mississippi
Frequently asked questions
How much is a house in Laurel?
The typical home in the Laurel, MS metro area is worth $145,785 (Zillow, September 2026).
What salary do you need to buy a house in Laurel?
About $40,600 a year for the typical home with 20% down at 7.11%.