Meridian, MS home prices
Typical home $117,032 · +0.1% in a year · income needed $33,400
The Meridian, MS metro area ranks 868 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +0.1% in a year and -0.4% over five years. With 20% down at 7.11%, the typical home costs about $778 a month including 0.92% property tax (Lauderdale County rate).
Mortgage on the typical Meridian home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $23,406 | $93,626 | $630 | $0 | $148 | $778 | $33,400 |
| 10% down | $11,703 | $105,329 | $709 | $44 | $148 | $901 | $38,600 |
| 5% down | $5,852 | $111,181 | $748 | $46 | $148 | $943 | $40,400 |
| 3.5% down (FHA) | $4,096 | $114,912 | $773 | $52 | $148 | $973 | $41,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.92% 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 Meridian area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Lauderdale County, MS | $121,229 | +1.2% | 0.92% |
| Clarke County, MS | $101,322 | -6.5% | 0.56% |
| Kemper County, MS | $135,394 | +11.2% | 0.57% |
What can you afford in Mississippi on your salary? · Mississippi home prices · Salaries in Mississippi
Frequently asked questions
How much is a house in Meridian?
The typical home in the Meridian, MS metro area is worth $117,032 (Zillow, September 2026).
What salary do you need to buy a house in Meridian?
About $33,400 a year for the typical home with 20% down at 7.11%.