Marion County, MS real estate

What the numbers say

Marion County, MS real estate at a glance

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

Homeowners in Marion County pay a median of $922 a year in property taxes on a median home value of $122,800, an effective rate of about 0.75%. The Mississippi average is 0.72%, which makes Marion County the #57 lowest-tax of 81 counties in the state with published tax data.

Renters pay a median of $818 a month, and $869 for a two-bedroom. At today's prices a typical home costs about 13 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 $123,000 home here comes to about $798 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $34,000 a year (the median household here earns $45,110).