Mortgage payment estimates, closing cost breakdowns, and homebuying data for Ridgeland, Mississippi.
Pre-filled with Ridgeland median home price and Mississippi tax/insurance rates. Adjust for your property.
Estimated closing costs based on Mississippi rates and fees applied to Ridgeland prices.
The median home price in Ridgeland is $275,000, 57% above the Mississippi state median of $175,000. With a population of 24,047, Ridgeland 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 $275,000 home in Ridgeland would carry roughly $183/month in property taxes. Homeowners insurance in Mississippi runs approximately $2,400 per year. This is within the normal range nationally.
Average rent in Ridgeland is $1,150/month. The price-to-rent ratio in Ridgeland is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Ridgeland presents moderate affordability. The $275K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.