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Georgia vs Mississippi:
Mortgage & Housing Costs

Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Georgia and Mississippi. Updated for 2026.

MetricGeorgiaMississippi
Median Home Price$340K$175K
Property Tax Rate0.92%0.8%
Avg Closing Costs$5K$2K
Closing Cost %1.5%1.4%
Transfer Tax0.1%None
Homeowners Insurance$2,200/yr$2,400/yr
First-Time Buyer Program
Georgia Dream Homeownership
Up to $10,000 DPA
MHC Smart Solution
Up to $10,000 DPA
Verdict

Mississippi wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $175K and lower overall costs, Mississippi offers meaningful savings compared to Georgia. Both states offer first-time buyer programs — explore the state pages for full details.

Explore Each State

Georgia$340K
0.92% tax · $5K closing · $2,200/yr insurance
Mississippi$175K
0.8% tax · $2K closing · $2,400/yr insurance
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