Income needed to buy a home
Holmes County, MS
$29,844
a year in household income to buy the typical Holmes County home with 10% down.
The monthly math
Typical home value$92,420
Down payment (10%)$9,242
Loan$83,178
Principal and interest (7.40%)$576/mo
Property tax (0.51% a year)$40/mo
Homeowners insurance (estimate)$46/mo
Mortgage insurance$35/mo
Total monthly cost$696/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Right at the edge
The typical household here earns $32,538 a year, 9% more than it takes.
In Mississippi
Holmes County ranks #5 of 80 for the income a home takes, from least to most.
Easiest to afford in Mississippi
| County | Typical home | Income needed |
|---|---|---|
| Coahoma County | $51,772 | $17,153 |
| Washington County | $55,372 | $18,684 |
| Humphreys County | $75,481 | $24,991 |
| Leflore County | $75,611 | $25,105 |
| Sunflower County | $93,711 | $30,719 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.