Mortgage payment estimates, closing cost breakdowns, and homebuying data for Pearl, Mississippi.
Pre-filled with Pearl median home price and Mississippi tax/insurance rates. Adjust for your property.
Estimated closing costs based on Mississippi rates and fees applied to Pearl prices.
The median home price in Pearl is $195,000, 11% above the Mississippi state median of $175,000. With a population of 27,951, Pearl 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 $195,000 home in Pearl would carry roughly $130/month in property taxes. Homeowners insurance in Mississippi runs approximately $2,400 per year. This is within the normal range nationally.
Average rent in Pearl is $950/month. The price-to-rent ratio in Pearl is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Pearl 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.