CALCMONEY // MORTGAGE // MS // BILOXI
Calculate your monthly mortgage payment using Biloxi-specific property tax rates and local market data.
$215,000
6.95%
0.57%
86
| Principal & Interest | $1,139 |
| Property Tax | $102 |
| Homeowners Insurance (est.) | $72 |
| Total Monthly Payment (PITI) | $1,312 |
$43,000
$237,878
$56,243/yr
Biloxi's median home price sits at $215,000, 49% below the $420,000 national median. On a $52,000 median household income, that puts the price-to-income ratio at 4.1x, or 4.1 years of gross pay for the purchase price alone.
At a 0.57% effective rate, Biloxi property taxes add $102 to the monthly payment on the median home, $1,225 a year in total.
Between the $1,312/month mortgage payment and Mississippi's state income tax, your real housing cost calculation needs your after-tax number, not your gross salary.
Beyond housing, Biloxi's cost of living index sits at 86 (national average = 100), running below the national baseline for groceries, transportation, and everyday services.
Biloxi's median home price runs 48% higher than nearby Jackson: $145,000 there versus $215,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $172,000 loan saves $7,740 in interest over 30 years.
Compare Top Biloxi Mortgage LendersJackson
$145,000 median
MSGulfport
$195,000 median
MSSouthaven
$225,000 median
MSHattiesburg
$180,000 median