The typical owner-occupied home in Shubuta is worth about $85,700, 50% below the Mississippi median of $169,800 and 74% below the national median of $332,700. Owners pay a median $497 a year in property taxes, about 0.58% of their home's value, lower than the Mississippi rate of 0.72%. The median household earns $55,000 a year, so the median home costs 1.6 times the median income (3.0 times for Mississippi). 80% of occupied homes here are lived in by their owners, and 40% of those owners still have a mortgage.
Shubuta at a glance
| Shubuta | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $85,700 | $169,800 | $332,700 |
| Median property tax paid per year | $497 | $1,215 | $3,119 |
| Property tax as a share of value | 0.58% | 0.72% | 0.94% |
| Median household income | $55,000 | $56,447 | $80,734 |
| Homes lived in by their owners | 80% | 70% | 65% |
| Owner homes with a mortgage | 40% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $932 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 24.7% | 19.8% | 21.0% |
| Median rent | $663 | $954 | $1,413 |
| Rent as a share of renters' income | 13.9% | 30.7% | 30.6% |
| Median year homes were built | 1979 | 1986 | 1980 |
| Vacant homes | 23.2% | 14.6% | 10.1% |
| Population | 553 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Shubuta
At this week's average 30-year rate of 7.11%, buying the median Shubuta home of $85,700 with 20% down costs about $538 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $681, 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 $23,072 for the 20%-down payment. That payment is 12% of the median Shubuta household income of $55,000; at that income and 20% down, the 28% guideline points to a home of about $204,000.
The median rent here is $663 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,140 |
|---|---|
| Loan amount | $68,560 |
| Principal and interest | $461 |
| Property taxes (0.58% a year) | $41 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $538 |
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| Down payment | $3,000 |
|---|---|
| Loan amount | $84,148 |
| Principal and interest | $566 |
| Property taxes (0.58% a year) | $41 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $38 |
| Total per month | $681 |
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Questions about home buying in Shubuta
What is the median home value in Shubuta?
About $85,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Shubuta?
Homeowners pay a median $497 a year, which is about 0.58% 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 Shubuta?
For the median home with 20% down at 7.11%, the payment is about $538 a month. Keeping that under 28% of gross income takes about $23,072 a year.
More about Shubuta
- Mortgage Refinance in Shubuta
- Debt Relief in Shubuta
- Home Equity Loans in Shubuta
- 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