CALCMONEY // MORTGAGE // MS // JACKSON
Calculate your monthly mortgage payment using Jackson-specific property tax rates and local market data.
$145,000
6.95%
0.66%
77
| Principal & Interest | $768 |
| Property Tax | $80 |
| Homeowners Insurance (est.) | $48 |
| Total Monthly Payment (PITI) | $896 |
$29,000
$160,429
$38,398/yr
The median home price in Jackson is $145,000, below the national median of $420,000. With a median household income of $42,000, the price-to-income ratio is 3.5x — meaning buyers typically spend 3.5 years of gross income on the purchase price.
Property taxes in Jackson run 0.66% of assessed value. On the median home, that is $957 per year, or $80 per month added to your mortgage payment. This is well below the national average of 1.1%, giving Jackson homeowners a meaningful property tax advantage.
Mississippi has a state income tax. Factor your take-home pay into how much mortgage you can comfortably carry each month.
The cost of living index in Jackson is 77 (national average = 100). Beyond housing, your everyday expenses will also run below the national average.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $116,000 loan saves $5,220 in interest over 30 years.
Compare Top Jackson Mortgage LendersGulfport
$195,000 median
MSSouthaven
$225,000 median
MSHattiesburg
$180,000 median
MSBiloxi
$215,000 median