The typical owner-occupied home in Port Gibson is worth about $113,500, 33% below the Mississippi median of $169,800 and 66% below the national median of $332,700. Owners pay a median $821 a year in property taxes, about 0.72% of their home's value, close to the Mississippi rate of 0.72%. The median household earns $42,656 a year, so the median home costs 2.7 times the median income (3.0 times for Mississippi). 64% of occupied homes here are lived in by their owners, and 15% of those owners still have a mortgage.
Port Gibson at a glance
| Port Gibson | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $113,500 | $169,800 | $332,700 |
| Median property tax paid per year | $821 | $1,215 | $3,119 |
| Property tax as a share of value | 0.72% | 0.72% | 0.94% |
| Median household income | $42,656 | $56,447 | $80,734 |
| Homes lived in by their owners | 64% | 70% | 65% |
| Owner homes with a mortgage | 15% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $1,346 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 21.8% | 19.8% | 21.0% |
| Median rent | $497 | $954 | $1,413 |
| Rent as a share of renters' income | 22.4% | 30.7% | 30.6% |
| Median year homes were built | 1969 | 1986 | 1980 |
| Vacant homes | 26.1% | 14.6% | 10.1% |
| Population | 1,261 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Port Gibson
At this week's average 30-year rate of 7.11%, buying the median Port Gibson home of $113,500 with 20% down costs about $726 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $915, 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 $31,123 for the 20%-down payment. That payment is 20% of the median Port Gibson household income of $42,656; at that income and 20% down, the 28% guideline points to a home of about $156,000.
The median rent here is $497 a month, so owning the median home costs about $229 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $22,700 |
|---|---|
| Loan amount | $90,800 |
| Principal and interest | $611 |
| Property taxes (0.72% a year) | $68 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| PMI | $0 |
| Total per month | $726 |
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| Down payment | $3,972 |
|---|---|
| Loan amount | $111,444 |
| Principal and interest | $750 |
| Property taxes (0.72% a year) | $68 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| FHA mortgage insurance | $50 |
| Total per month | $915 |
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Questions about home buying in Port Gibson
What is the median home value in Port Gibson?
About $113,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Port Gibson?
Homeowners pay a median $821 a year, which is about 0.72% 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 Port Gibson?
For the median home with 20% down at 7.11%, the payment is about $726 a month. Keeping that under 28% of gross income takes about $31,123 a year.
More about Port Gibson
- Mortgage Refinance in Port Gibson
- Debt Relief in Port Gibson
- Home Equity Loans in Port Gibson
- 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