The typical owner-occupied home in Derma is worth about $84,800, 50% below the Mississippi median of $169,800 and 75% below the national median of $332,700. Owners pay a median $644 a year in property taxes, about 0.76% of their home's value, higher than the Mississippi rate of 0.72%. The median household earns $41,071 a year, so the median home costs 2.1 times the median income (3.0 times for Mississippi). 43% of occupied homes here are lived in by their owners, and 28% of those owners still have a mortgage.
Derma at a glance
| Derma | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $84,800 | $169,800 | $332,700 |
| Median property tax paid per year | $644 | $1,215 | $3,119 |
| Property tax as a share of value | 0.76% | 0.72% | 0.94% |
| Median household income | $41,071 | $56,447 | $80,734 |
| Homes lived in by their owners | 43% | 70% | 65% |
| Owner homes with a mortgage | 28% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $785 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 17.9% | 19.8% | 21.0% |
| Median rent | $752 | $954 | $1,413 |
| Rent as a share of renters' income | 26.0% | 30.7% | 30.6% |
| Median year homes were built | 1979 | 1986 | 1980 |
| Vacant homes | 11.3% | 14.6% | 10.1% |
| Population | 963 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Derma
At this week's average 30-year rate of 7.11%, buying the median Derma home of $84,800 with 20% down costs about $545 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $687, 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 $23,374 for the 20%-down payment. That payment is 16% of the median Derma household income of $41,071; at that income and 20% down, the 28% guideline points to a home of about $149,000.
The median rent here is $752 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $16,960 |
|---|---|
| Loan amount | $67,840 |
| Principal and interest | $456 |
| Property taxes (0.76% a year) | $54 |
| Homeowners insurance (our estimate, 0.5% a year) | $35 |
| PMI | $0 |
| Total per month | $545 |
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| Down payment | $2,968 |
|---|---|
| Loan amount | $83,264 |
| Principal and interest | $560 |
| Property taxes (0.76% a year) | $54 |
| Homeowners insurance (our estimate, 0.5% a year) | $35 |
| FHA mortgage insurance | $38 |
| Total per month | $687 |
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Questions about home buying in Derma
What is the median home value in Derma?
About $84,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Derma?
Homeowners pay a median $644 a year, which is about 0.76% 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 Derma?
For the median home with 20% down at 7.11%, the payment is about $545 a month. Keeping that under 28% of gross income takes about $23,374 a year.
More about Derma
- Mortgage Refinance in Derma
- Debt Relief in Derma
- Home Equity Loans in Derma
- 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