Tupelo, MS home prices
Typical home $192,900 · +6.7% in a year · income needed $53,400
The Tupelo, MS metro area ranks 668 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +6.7% in a year and +17.9% over five years. With 20% down at 7.11%, the typical home costs about $1,246 a month including 0.69% property tax (Lee County rate).
Mortgage on the typical Tupelo home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $38,580 | $154,320 | $1,038 | $0 | $208 | $1,246 | $53,400 |
| 10% down | $19,290 | $173,610 | $1,168 | $72 | $208 | $1,448 | $62,100 |
| 5% down | $9,645 | $183,255 | $1,233 | $76 | $208 | $1,517 | $65,000 |
| 3.5% down (FHA) | $6,751 | $189,406 | $1,274 | $85 | $208 | $1,567 | $67,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.69% 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 Tupelo area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Lee County, MS | $212,212 | +6.1% | 0.69% |
| Pontotoc County, MS | $207,261 | +7.8% | 0.58% |
| Prentiss County, MS | $136,283 | +3.3% | 0.73% |
| Itawamba County, MS | $159,400 | +12.7% | 0.59% |
What can you afford in Mississippi on your salary? · Mississippi home prices · Salaries in Mississippi
Frequently asked questions
How much is a house in Tupelo?
The typical home in the Tupelo, MS metro area is worth $192,900 (Zillow, September 2026).
What salary do you need to buy a house in Tupelo?
About $53,400 a year for the typical home with 20% down at 7.11%.