Mortgage on a $100K house in Mississippi
$642 a month with 20% down — $538 principal and interest plus $54 property tax and $50 insurance.
Mississippi's typical property tax is 0.65% of the home's value a year (U.S. average 0.9%), which adds $54 a month on a $100K home. The typical home in Mississippi is worth $194,531, so $100K is 49% below the typical price.
$100K home in Mississippi: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $20,000 | $80,000 | $538 | $0 | $104 | $642 | $27,500 |
| 10% down | $10,000 | $90,000 | $605 | $38 | $104 | $747 | $32,000 |
| 5% down | $5,000 | $95,000 | $639 | $40 | $104 | $783 | $33,500 |
| 3.5% down (FHA) | $3,500 | $98,189 | $661 | $44 | $104 | $809 | $34,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.65% 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.
Where in Mississippi does $100K buy a typical home?
In these counties the typical home value is within 15% of $100K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Clarke County | $101,322 | 0.56% | $635 |
| Noxubee County | $104,348 | 0.96% | $668 |
| Jefferson Davis County | $95,073 | 0.89% | $662 |
| Yazoo County | $105,424 | 0.78% | $653 |
| Jefferson County | $94,258 | 0.86% | $660 |
| Sunflower County | $93,013 | 0.93% | $665 |
| Pike County | $107,132 | 0.88% | $661 |
| Sharkey County | $107,601 | 0.88% | $661 |
| Claiborne County | $91,234 | 0.49% | $629 |
| Adams County | $109,360 | 0.9% | $663 |
| Holmes County | $90,098 | 0.86% | $660 |
| Bolivar County | $112,070 | 0.73% | $649 |
9 of 80 Mississippi counties tracked by Zillow have a typical home value at or below $100K. See all Mississippi home prices.
Other prices in Mississippi
Frequently asked questions
What is the mortgage on a $100K house in Mississippi?
About $642 a month with 20% down at 7.11%: $538 principal and interest, $54 property tax and $50 insurance.
How much do I need to make to buy a $100K house in Mississippi?
About $27,500 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $100K house in Mississippi?
At Mississippi's typical effective rate of 0.65%, about $648 a year. Rates vary by county and city — see the county pages.