Mortgage Calculator & Closing Costs: Hattiesburg, MS
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Hattiesburg, Mississippi.
Median Home Price
$175K
Population
49K
Avg Monthly Rent
$950
Property Tax Rate
0.8% *
* Property tax shown is the Mississippi state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Hattiesburg.
Hattiesburg vs Mississippi Median
The median home price in Hattiesburg is $175,000, which is roughly in line with the Mississippi state median of $175,000.
Mortgage Calculator — Hattiesburg, MS
Pre-filled with Hattiesburg median home price and Mississippi tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $175K home using Mississippi's 0.8% tax rate and $2,400/yr insurance.
5% Down
$1,464/mo
Down: $8,750
Loan: $166K
P&I: $1,051
Tax: $117
Insurance: $200
PMI: $97
10% Down
$1,404/mo
Down: $17,500
Loan: $158K
P&I: $996
Tax: $117
Insurance: $200
PMI: $92
20% Down (No PMI)
$1,202/mo
Down: $35,000
Loan: $140K
P&I: $885
Tax: $117
Insurance: $200
Income needed (28% rule): $52K/year with 20% down, $60K/year with 10% down.
Rent vs Buy in Hattiesburg
Rent
$950/mo
vs
Buy (10% down)
$1,404/mo
Price-to-rent ratio: 15.4 — A ratio between 15-20 means the rent vs buy decision in Hattiesburg depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Hattiesburg is $175,000, roughly in line with the Mississippi state median of $175,000. With a population of 48,602, Hattiesburg is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Mississippi average 0.8% annually. This moderate property tax rate means a $175,000 home in Hattiesburg would carry roughly $117/month in property taxes. Homeowners insurance in Mississippi runs approximately $2,400 per year. This is within the normal range nationally.
Average rent in Hattiesburg is $950/month. The price-to-rent ratio in Hattiesburg is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Hattiesburg offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Mississippi's MHC Smart Solution program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Hattiesburg.