Mortgage payment estimates, closing cost breakdowns, and homebuying data for Southaven, Mississippi.
Pre-filled with Southaven median home price and Mississippi tax/insurance rates. Adjust for your property.
Estimated closing costs based on Mississippi rates and fees applied to Southaven prices.
The median home price in Southaven is $235,000, 34% above the Mississippi state median of $175,000. With a population of 54,368, Southaven 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 $235,000 home in Southaven would carry roughly $157/month in property taxes. Homeowners insurance in Mississippi runs approximately $2,400 per year. This is within the normal range nationally.
Average rent in Southaven is $1,180/month. The price-to-rent ratio in Southaven is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Southaven 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.