Income needed to buy a home
Madison County, MS
$109,868
a year in household income to buy the typical Madison County home with 10% down.
The monthly math
Typical home value$336,292
Down payment (10%)$33,629
Loan$302,663
Principal and interest (7.40%)$2,096/mo
Property tax (0.62% a year)$174/mo
Homeowners insurance (estimate)$168/mo
Mortgage insurance$126/mo
Total monthly cost$2,564/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
A stretch
The typical household here earns $83,441 a year, 76% of what it takes.
In Mississippi
Madison County ranks #79 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 |
| Holmes County | $92,420 | $29,844 |
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.