Grenada County, MS real estate

What the numbers say

Grenada County, MS real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in Grenada County pay a median of $1,355 a year in property taxes on a median home value of $132,200, an effective rate of about 1.02%. The Mississippi average is 0.72%, which makes Grenada County the #79 lowest-tax of 81 counties in the state with published tax data.

Renters pay a median of $807 a month, and $847 for a two-bedroom. At today's prices a typical home costs about 14 times a year's rent, which generally favors buying.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $132,000 home here comes to about $889 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $38,000 a year (the median household here earns $48,804).