Counties with the lowest home prices in Mississippi

State

Keep reading to discover which county in Mississippi has the lowest home prices. (Courtesy: Jerrye & Roy Klotz, MD // Wikimedia Commons)

The real estate market is booming right now thanks to low interest rates, a flood of millennial buyers, and shrinking inventory. The median cost of a home has increased 20% year over year, hitting $347,500, according to a report released in April 2020 by real estate listing website Redfin. These high asking costs—while good for sellers—are pricing many buyers out of the market entirely.

But all things are not equal when it comes to real estate in the United States.

Credible used 2021 data calculated by the National Association of REALTORS to compile a list of counties with the lowest median home values and monthly mortgage payments in Mississippi. Counties were ranked by the monthly mortgage payment for a typical home in 2020, from lowest to highest. Ties were broken by median home values in 2020.

The National Association of REALTORS calculated the fourth quarter 2020 median home values by applying the Federal Housing Finance Agency’s House Price Index growth to 2019 housing and population data from the American Community Survey and determining an estimate of 2020 median home values for all counties where data is available. The monthly mortgage payments for fourth quarter 2019 and fourth quarter 2020 were calculated for a 30-year fixed-rate mortgage with a 10% down payment.

Keep reading to discover which county in Mississippi has the lowest home prices.

Mac H. Alford // Wikimedia Commons

#30. Amite County

– Monthly mortgage payment in 2020: $321 (3.0% less than 2019)
– Monthly mortgage payment in 2019: $331
– Median home value in 2020: $86,700
– Ranked #376 out of 3,120 counties nationwide

Marduk // Wikimedia Commons

#29. Leake County

– Monthly mortgage payment in 2020: $320 (7.0% less than 2019)
– Monthly mortgage payment in 2019: $344
– Median home value in 2020: $86,400
– Ranked #369 out of 3,120 counties nationwide

NatalieMaynor // Wikimedia Commons

#28. Panola County

– Monthly mortgage payment in 2020: $320 (5.6% less than 2019)
– Monthly mortgage payment in 2019: $339
– Median home value in 2020: $86,400
– Ranked #370 out of 3,120 counties nationwide

CapCase // Wikimedia Commons

#27. Neshoba County

– Monthly mortgage payment in 2020: $319 (10.6% less than 2019)
– Monthly mortgage payment in 2019: $357
– Median home value in 2020: $86,000
– Ranked #354 out of 3,120 counties nationwide

Nick Shields // Wikimedia Commons

#26. Choctaw County

– Monthly mortgage payment in 2020: $312 (12.8% less than 2019)
– Monthly mortgage payment in 2019: $358
– Median home value in 2020: $84,400
– Ranked #306 out of 3,120 counties nationwide

Jerrye & Roy Klotz, MD // Wikimedia Commons

#25. Leflore County

– Monthly mortgage payment in 2020: $312 (10.6% less than 2019)
– Monthly mortgage payment in 2019: $349
– Median home value in 2020: $84,200
– Ranked #303 out of 3,120 counties nationwide

Tony Webster // Wikimedia Commons

#24. Attala County

– Monthly mortgage payment in 2020: $310 (6.9% less than 2019)
– Monthly mortgage payment in 2019: $333
– Median home value in 2020: $83,700
– Ranked #294 out of 3,120 counties nationwide

NatalieMaynor // Wikimedia Commons

#23. Yalobusha County

– Monthly mortgage payment in 2020: $306 (15.9% less than 2019)
– Monthly mortgage payment in 2019: $364
– Median home value in 2020: $82,600
– Ranked #275 out of 3,120 counties nationwide

Mississippi Department of Archives and History // Wikimedia Commons

#22. Issaquena County

– Monthly mortgage payment in 2020: $304 (20.6% greater than 2019)
– Monthly mortgage payment in 2019: $252
– Median home value in 2020: $82,100
– Ranked #265 out of 3,120 counties nationwide

Natalie Maynor // Wikimedia Commons

#21. Jasper County

– Monthly mortgage payment in 2020: $303 (5.9% less than 2019)
– Monthly mortgage payment in 2019: $322
– Median home value in 2020: $81,900
– Ranked #260 out of 3,120 counties nationwide

Jimmy Emerson from Dalton GA // Wikimedia Commons

#20. Sunflower County

– Monthly mortgage payment in 2020: $301 (7.1% less than 2019)
– Monthly mortgage payment in 2019: $324
– Median home value in 2020: $81,300
– Ranked #252 out of 3,120 counties nationwide

Cohee // Wikimedia Commons

#19. Benton County

– Monthly mortgage payment in 2020: $299 (0.7% less than 2019)
– Monthly mortgage payment in 2019: $301
– Median home value in 2020: $80,900
– Ranked #246 out of 3,120 counties nationwide

Jerrye & Roy Klotz, MD // Wikimedia Commons

#18. Greene County

– Monthly mortgage payment in 2020: $298 (15.8% less than 2019)
– Monthly mortgage payment in 2019: $354
– Median home value in 2020: $80,500
– Ranked #233 out of 3,120 counties nationwide

Nlsanfor // Wikimedia Commons

#17. Covington County

– Monthly mortgage payment in 2020: $296 (14.0% less than 2019)
– Monthly mortgage payment in 2019: $344
– Median home value in 2020: $79,900
– Ranked #222 out of 3,120 counties nationwide

Z28scrambler // Wikimedia Commons

#16. Franklin County

– Monthly mortgage payment in 2020: $294 (12.2% less than 2019)
– Monthly mortgage payment in 2019: $335
– Median home value in 2020: $79,400
– Ranked #214 out of 3,120 counties nationwide

Nicholas Brown // Wikimedia Commons

#15. Washington County

– Monthly mortgage payment in 2020: $290 (11.3% less than 2019)
– Monthly mortgage payment in 2019: $327
– Median home value in 2020: $78,400
– Ranked #194 out of 3,120 counties nationwide

Natalie Maynor // Wikimedia Commons

#14. Kemper County

– Monthly mortgage payment in 2020: $283 (9.3% less than 2019)
– Monthly mortgage payment in 2019: $312
– Median home value in 2020: $76,300
– Ranked #165 out of 3,120 counties nationwide

Larry D. Moore // Wikimedia Commons

#13. Scott County

– Monthly mortgage payment in 2020: $274 (9.0% less than 2019)
– Monthly mortgage payment in 2019: $301
– Median home value in 2020: $73,900
– Ranked #138 out of 3,120 counties nationwide

Cohee // Wikimedia Commons

#12. Calhoun County

– Monthly mortgage payment in 2020: $271 (8.8% less than 2019)
– Monthly mortgage payment in 2019: $297
– Median home value in 2020: $73,100
– Ranked #126 out of 3,120 counties nationwide

Natalie Maynor // Wikimedia Commons

#11. Wilkinson County

– Monthly mortgage payment in 2020: $270 (12.1% less than 2019)
– Monthly mortgage payment in 2019: $307
– Median home value in 2020: $72,900
– Ranked #121 out of 3,120 counties nationwide

Jerrye & Roy Klotz, MD // Wikimedia Commons

#10. Humphreys County

– Monthly mortgage payment in 2020: $265 (12.3% less than 2019)
– Monthly mortgage payment in 2019: $302
– Median home value in 2020: $71,600
– Ranked #110 out of 3,120 counties nationwide

Chris Crookston // Wikimedia Commons

#9. Coahoma County

– Monthly mortgage payment in 2020: $262 (10.9% less than 2019)
– Monthly mortgage payment in 2019: $294
– Median home value in 2020: $70,800
– Ranked #105 out of 3,120 counties nationwide

Infrogmation of New Orleans // Wikimedia Commons

#8. Claiborne County

– Monthly mortgage payment in 2020: $259 (6.2% less than 2019)
– Monthly mortgage payment in 2019: $276
– Median home value in 2020: $70,000
– Ranked #98 out of 3,120 counties nationwide

Cohee // Wikimedia Commons

#7. Chickasaw County

– Monthly mortgage payment in 2020: $255 (11.8% less than 2019)
– Monthly mortgage payment in 2019: $289
– Median home value in 2020: $68,900
– Ranked #84 out of 3,120 counties nationwide

Thomas R Machnitzki // Wikimedia Commons

#6. Tallahatchie County

– Monthly mortgage payment in 2020: $255 (8.3% less than 2019)
– Monthly mortgage payment in 2019: $278
– Median home value in 2020: $68,800
– Ranked #82 out of 3,120 counties nationwide

Natalie Maynor // Wikimedia Commons

#5. Sharkey County

– Monthly mortgage payment in 2020: $247 (8.9% less than 2019)
– Monthly mortgage payment in 2019: $271
– Median home value in 2020: $66,800
– Ranked #66 out of 3,120 counties nationwide

Mthunter58 // Wikimedia Commons

#4. Jefferson County

– Monthly mortgage payment in 2020: $243 (11.0% less than 2019)
– Monthly mortgage payment in 2019: $273
– Median home value in 2020: $65,700
– Ranked #59 out of 3,120 counties nationwide

Chillin662 // Wikimedia Commons

#3. Holmes County

– Monthly mortgage payment in 2020: $232 (5.7% less than 2019)
– Monthly mortgage payment in 2019: $246
– Median home value in 2020: $62,600
– Ranked #46 out of 3,120 counties nationwide

Rdstephens // Wikimedia Commons

#2. Noxubee County

– Monthly mortgage payment in 2020: $229 (13.9% less than 2019)
– Monthly mortgage payment in 2019: $266
– Median home value in 2020: $61,900
– Ranked #44 out of 3,120 counties nationwide

Thomas R Machnitzki (thomas@machnitzki.com) // Wikimedia Commons

#1. Quitman County

– Monthly mortgage payment in 2020: $195 (14.8% less than 2019)
– Monthly mortgage payment in 2019: $229
– Median home value in 2020: $52,800
– Ranked #16 out of 3,120 counties nationwide

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories