Mortgage payment estimates, closing cost breakdowns, and homebuying data for Pearl, Mississippi.
Median Home Price
$195K
Population
28K
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 Pearl.
Pearl vs Mississippi Median
The median home price in Pearl is $195,000, which is 11% above the Mississippi state median of $175,000.
Mortgage Calculator — Pearl, MS
Pre-filled with Pearl median home price and Mississippi tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $195K home using Mississippi's 0.8% tax rate and $2,400/yr insurance.
5% Down
$1,609/mo
Down: $9,750
Loan: $185K
P&I: $1,171
Tax: $130
Insurance: $200
PMI: $108
10% Down
$1,542/mo
Down: $19,500
Loan: $176K
P&I: $1,109
Tax: $130
Insurance: $200
PMI: $102
20% Down (No PMI)
$1,316/mo
Down: $39,000
Loan: $156K
P&I: $986
Tax: $130
Insurance: $200
Income needed (28% rule): $56K/year with 20% down, $66K/year with 10% down.
Rent vs Buy in Pearl
Rent
$950/mo
vs
Buy (10% down)
$1,542/mo
Price-to-rent ratio: 17.1 — A ratio between 15-20 means the rent vs buy decision in Pearl 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 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.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Pearl.