Income needed to buy a home
Montgomery County, MS
$43,848
a year in household income to buy the typical Montgomery County home with 10% down.
The monthly math
Typical home value$131,496
Down payment (10%)$13,150
Loan$118,346
Principal and interest (7.40%)$819/mo
Property tax (0.81% a year)$89/mo
Homeowners insurance (estimate)$66/mo
Mortgage insurance$49/mo
Total monthly cost$1,023/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 $41,748 a year, 95% of what it takes.
In Mississippi
Montgomery County ranks #25 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.