The typical owner-occupied home in Sallis is worth about $94,300, 44% below the Mississippi median of $169,800 and 72% below the national median of $332,700. The median household earns $52,991 a year, so the median home costs 1.8 times the median income (3.0 times for Mississippi). 74% of occupied homes here are lived in by their owners, and 32% of those owners still have a mortgage.
Sallis at a glance
| Sallis | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $94,300 | $169,800 | $332,700 |
| Median property tax paid per year | – | $1,215 | $3,119 |
| Median household income | $52,991 | $56,447 | $80,734 |
| Homes lived in by their owners | 74% | 70% | 65% |
| Owner homes with a mortgage | 32% | 49% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 19.0% | 19.8% | 21.0% |
| Median rent | – | $954 | $1,413 |
| Median year homes were built | 1968 | 1986 | 1980 |
| Vacant homes | 3.0% | 14.6% | 10.1% |
| Population | 212 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Sallis
At this week's average 30-year rate of 7.11%, buying the median Sallis home of $94,300 with 20% down costs about $633 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $790, 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 $27,138 for the 20%-down payment. That payment is 14% of the median Sallis household income of $52,991; at that income and 20% down, the 28% guideline points to a home of about $184,000.
| Down payment | $18,860 |
|---|---|
| Loan amount | $75,440 |
| Principal and interest | $507 |
| Property taxes (1.10% a year) | $86 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| PMI | $0 |
| Total per month | $633 |
Change the numbers in the calculator
| Down payment | $3,300 |
|---|---|
| Loan amount | $92,592 |
| Principal and interest | $623 |
| Property taxes (1.10% a year) | $86 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| FHA mortgage insurance | $42 |
| Total per month | $790 |
Change the numbers in the calculator
Questions about home buying in Sallis
What is the median home value in Sallis?
About $94,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Sallis?
For the median home with 20% down at 7.11%, the payment is about $633 a month. Keeping that under 28% of gross income takes about $27,138 a year.
More about Sallis
- Mortgage Refinance in Sallis
- Debt Relief in Sallis
- Home Equity Loans in Sallis
- 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