The typical owner-occupied home in Ethel is worth about $72,500, 57% below the Mississippi median of $169,800 and 78% below the national median of $332,700. Owners pay a median $353 a year in property taxes, about 0.49% of their home's value, lower than the Mississippi rate of 0.72%. The median household earns $48,906 a year, so the median home costs 1.5 times the median income (3.0 times for Mississippi). 72% of occupied homes here are lived in by their owners, and 26% of those owners still have a mortgage.
Ethel at a glance
| Ethel | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $72,500 | $169,800 | $332,700 |
| Median property tax paid per year | $353 | $1,215 | $3,119 |
| Property tax as a share of value | 0.49% | 0.72% | 0.94% |
| Median household income | $48,906 | $56,447 | $80,734 |
| Homes lived in by their owners | 72% | 70% | 65% |
| Owner homes with a mortgage | 26% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $900 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 14.3% | 19.8% | 21.0% |
| Median rent | – | $954 | $1,413 |
| Median year homes were built | 1966 | 1986 | 1980 |
| Vacant homes | 41.4% | 14.6% | 10.1% |
| Population | 206 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Ethel
At this week's average 30-year rate of 7.11%, buying the median Ethel home of $72,500 with 20% down costs about $450 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $571, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $19,285 for the 20%-down payment. That payment is 11% of the median Ethel household income of $48,906; at that income and 20% down, the 28% guideline points to a home of about $184,000.
| Down payment | $14,500 |
|---|---|
| Loan amount | $58,000 |
| Principal and interest | $390 |
| Property taxes (0.49% a year) | $30 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| PMI | $0 |
| Total per month | $450 |
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| Down payment | $2,538 |
|---|---|
| Loan amount | $71,187 |
| Principal and interest | $479 |
| Property taxes (0.49% a year) | $30 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| FHA mortgage insurance | $32 |
| Total per month | $571 |
Change the numbers in the calculator
Questions about home buying in Ethel
What is the median home value in Ethel?
About $72,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ethel?
Homeowners pay a median $353 a year, which is about 0.49% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Ethel?
For the median home with 20% down at 7.11%, the payment is about $450 a month. Keeping that under 28% of gross income takes about $19,285 a year.
More about Ethel
- Mortgage Refinance in Ethel
- Debt Relief in Ethel
- Home Equity Loans in Ethel
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data