The typical owner-occupied home in Goodman is worth about $67,300, 60% below the Mississippi median of $169,800 and 80% below the national median of $332,700. Owners pay a median $199 a year in property taxes, about 0.30% of their home's value, lower than the Mississippi rate of 0.72%. The median household earns $15,039 a year, so the median home costs 4.5 times the median income (3.0 times for Mississippi). 16% of occupied homes here are lived in by their owners, and 11% of those owners still have a mortgage.
Goodman at a glance
| Goodman | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $67,300 | $169,800 | $332,700 |
| Median property tax paid per year | $199 | $1,215 | $3,119 |
| Property tax as a share of value | 0.30% | 0.72% | 0.94% |
| Median household income | $15,039 | $56,447 | $80,734 |
| Homes lived in by their owners | 16% | 70% | 65% |
| Owner homes with a mortgage | 11% | 49% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,394 | $1,963 |
| Median rent | $363 | $954 | $1,413 |
| Rent as a share of renters' income | 40.1% | 30.7% | 30.6% |
| Median year homes were built | 1982 | 1986 | 1980 |
| Vacant homes | 20.1% | 14.6% | 10.1% |
| Population | 1,177 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Goodman
At this week's average 30-year rate of 7.11%, buying the median Goodman home of $67,300 with 20% down costs about $407 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $519, 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 $17,445 for the 20%-down payment. That payment is 32% of the median Goodman household income of $15,039; at that income and 20% down, the 28% guideline points to a home of about $58,000.
The median rent here is $363 a month, so owning the median home costs about $44 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $13,460 |
|---|---|
| Loan amount | $53,840 |
| Principal and interest | $362 |
| Property taxes (0.30% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| PMI | $0 |
| Total per month | $407 |
Change the numbers in the calculator
| Down payment | $2,356 |
|---|---|
| Loan amount | $66,081 |
| Principal and interest | $445 |
| Property taxes (0.30% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| FHA mortgage insurance | $30 |
| Total per month | $519 |
Change the numbers in the calculator
Questions about home buying in Goodman
What is the median home value in Goodman?
About $67,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Goodman?
Homeowners pay a median $199 a year, which is about 0.30% 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 Goodman?
For the median home with 20% down at 7.11%, the payment is about $407 a month. Keeping that under 28% of gross income takes about $17,445 a year.
More about Goodman
- Mortgage Refinance in Goodman
- Debt Relief in Goodman
- Home Equity Loans in Goodman
- 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