The typical home in Meridian, MS is worth about $150,000.
With 20% down that's a loan near $120,000 — the calculator
is pre-filled with that figure. Meridian grew as a rail crossroads and still hosts Naval Air Station Meridian, one of the Navy's primary jet-training bases, alongside a shrinking manufacturing base. Home prices are among the lowest of any metro in this dataset.
$779.12 / month
Total interest
$160,478
Total paid
$280,478
Payoff
30.0 years
How much you need to earn
Meridian, MS's median household income is about
$42,000 a year. Under standard 28/36
lending rules that supports a home price around
$136,659 with 20% down —
below the $150,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in Meridian, MS is about $950 a month, so owning the median home costs roughly
$117 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Meridian, MS?
On the metro's roughly $150,000 typical home with 20% down, the loan is about $120,000. Principal and interest run near $779 a month at today's rate, and Meridian, MS's property tax plus insurance add about $288, for a full payment near $1,067.
Can I afford a home in Meridian, MS on the median income?
The median household income is about $42,000 a year. Under standard 28/36 lending rules that supports a home price around $136,659 with 20% down — below the $150,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Meridian, MS?
Typical asking rent is about $950 a month. The full owner payment on a median home is near $1,067, so owning costs roughly $117 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Meridian, MS?
The effective property tax rate in the core county is about 0.70% of market value — roughly $1,050 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Meridian, MS rising or falling?
Home values are up about 2% over the past year. Meridian grew as a rail crossroads and still hosts Naval Air Station Meridian, one of the Navy's primary jet-training bases, alongside a shrinking manufacturing base. Home prices are among the lowest of any metro in this dataset.