CALCMONEY // MORTGAGE // MS // JACKSON
Calculate your monthly mortgage payment using Jackson-specific property tax rates and local market data.
$155,000
6.9%
1.1%
82
| Principal & Interest | $817 |
| Property Tax | $142 |
| Homeowners Insurance (est.) | $52 |
| Total Monthly Payment (PITI) | $1,010 |
$31,000
$169,999
$43,303/yr
The median home price in Jackson is $155,000, below the national median of $420,000. With a median household income of $40,000, the price-to-income ratio is 3.9x — meaning buyers typically spend 3.9 years of gross income on the purchase price.
Property taxes in Jackson run 1.1% of assessed value. On the median home, that is $1,705 per year, or $142 per month added to your mortgage payment. This is close to the national average of 1.1%.
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 82 (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 $124,000 loan saves $5,580 in interest over 30 years.
Compare Top Jackson Mortgage LendersJackson
$145,000 median
MSGulfport
$195,000 median
MSSouthaven
$225,000 median
MSHattiesburg
$180,000 median