Mortgage Calculator & Closing Costs: Pascagoula, MS
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Pascagoula, Mississippi.
Median Home Price
$165K
Population
22K
Avg Monthly Rent
$880
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 Pascagoula.
Pascagoula vs Mississippi Median
The median home price in Pascagoula is $165,000, which is 6% below the Mississippi state median of $175,000.
Mortgage Calculator — Pascagoula, MS
Pre-filled with Pascagoula median home price and Mississippi tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $165K home using Mississippi's 0.8% tax rate and $2,400/yr insurance.
5% Down
$1,392/mo
Down: $8,250
Loan: $157K
P&I: $991
Tax: $110
Insurance: $200
PMI: $91
10% Down
$1,335/mo
Down: $16,500
Loan: $149K
P&I: $939
Tax: $110
Insurance: $200
PMI: $87
20% Down (No PMI)
$1,144/mo
Down: $33,000
Loan: $132K
P&I: $834
Tax: $110
Insurance: $200
Income needed (28% rule): $49K/year with 20% down, $57K/year with 10% down.
Rent vs Buy in Pascagoula
Rent
$880/mo
vs
Buy (10% down)
$1,335/mo
Price-to-rent ratio: 15.6 — A ratio between 15-20 means the rent vs buy decision in Pascagoula 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 Pascagoula is $165,000, 6% below the Mississippi state median of $175,000. With a population of 21,811, Pascagoula is a smaller market where home prices tend to be more accessible than in many parts of Mississippi.
Property taxes in Mississippi average 0.8% annually. This moderate property tax rate means a $165,000 home in Pascagoula would carry roughly $110/month in property taxes. Homeowners insurance in Mississippi runs approximately $2,400 per year. This is within the normal range nationally.
Average rent in Pascagoula is $880/month. The price-to-rent ratio in Pascagoula is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Pascagoula 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 Pascagoula.