Mississippi Mortgage Rates
Mississippi Mortgage Calculator
Calculate your mortgage payment with current MSrates. Today's average 30-year fixed rate: 6.08%
Current Mississippi Mortgage RatesUpdated: 2026-02-05
Click on a rate to use it in the calculator. Rates shown are averages and may vary based on credit score, down payment, and lender.
Avg. Home Price
$175,000
Property Tax Rate
0.81%
FHA Loan Limit
$472,030
Major Cities
Jackson, Gulfport, Southaven
Major Metropolitan Areas in Mississippi
JacksonGulfportSouthavenHattiesburgBiloxi
FAQ
Mississippi Mortgage Calculator FAQ
Everything you need to know about mortgage rates, home prices, and buying a house in Mississippi
The current average 30-year fixed mortgage rate in Mississippi is 6.08%. The 15-year fixed rate averages 5.41%, and the 5/1 ARM averages 5.85%. Rates vary by lender, credit score, and down payment.
The average home price in Mississippi is $175,000, with a median price of $158,600. Prices vary significantly by location, with major areas like Jackson, Gulfport, Southaven typically commanding higher prices.
The average property tax rate in Mississippi is 0.81% of assessed home value. For a home valued at $175,000, this means approximately $1,418 per year in property taxes.
The FHA loan limit in Mississippi is $472,030 for single-family homes. This is the maximum mortgage amount you can borrow with an FHA loan, which requires a minimum down payment of 3.5%.
Use our Mississippi mortgage calculator above to estimate your monthly payment. Enter the home price, your down payment, loan term, and interest rate. The calculator includes property taxes, insurance, and PMI to give you a complete picture of your monthly costs.
Most lenders in Mississippi require a minimum credit score of 620 for conventional loans and 580 for FHA loans. However, to qualify for the best mortgage rates around 6.08%, you typically need a credit score of 740 or higher.
MS Current Rates
Today's average mortgage rates in Mississippi:
- 30-Year Fixed6.08%
- 15-Year Fixed5.41%
- 5/1 ARM5.85%
MS Housing Market
Key Mississippi real estate statistics:
- Avg. Home Price$175,000
- Median Price$158,600
- Property Tax0.81%
- FHA Limit$472,030
Major MS Cities
Popular metropolitan areas:
- •Jackson
- •Gulfport
- •Southaven
- •Hattiesburg
- •Biloxi