The typical owner-occupied home in Stonewall is worth about $45,400, 73% below the Mississippi median of $169,800 and 86% below the national median of $332,700. Owners pay a median $632 a year in property taxes, about 1.39% of their home's value, higher than the Mississippi rate of 0.72%. The median household earns $28,176 a year, so the median home costs 1.6 times the median income (3.0 times for Mississippi). 75% of occupied homes here are lived in by their owners, and 21% of those owners still have a mortgage.
Stonewall at a glance
| Stonewall | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $45,400 | $169,800 | $332,700 |
| Median property tax paid per year | $632 | $1,215 | $3,119 |
| Property tax as a share of value | 1.39% | 0.72% | 0.94% |
| Median household income | $28,176 | $56,447 | $80,734 |
| Homes lived in by their owners | 75% | 70% | 65% |
| Owner homes with a mortgage | 21% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $590 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 17.5% | 19.8% | 21.0% |
| Median rent | $800 | $954 | $1,413 |
| Rent as a share of renters' income | 41.0% | 30.7% | 30.6% |
| Median year homes were built | 1966 | 1986 | 1980 |
| Vacant homes | 9.1% | 14.6% | 10.1% |
| Population | 968 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Stonewall
At this week's average 30-year rate of 7.11%, buying the median Stonewall home of $45,400 with 20% down costs about $316 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $391, 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 $13,536 for the 20%-down payment. That payment is 13% of the median Stonewall household income of $28,176; at that income and 20% down, the 28% guideline points to a home of about $95,000.
The median rent here is $800 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $9,080 |
|---|---|
| Loan amount | $36,320 |
| Principal and interest | $244 |
| Property taxes (1.39% a year) | $53 |
| Homeowners insurance (our estimate, 0.5% a year) | $19 |
| PMI | $0 |
| Total per month | $316 |
Change the numbers in the calculator
| Down payment | $1,589 |
|---|---|
| Loan amount | $44,578 |
| Principal and interest | $300 |
| Property taxes (1.39% a year) | $53 |
| Homeowners insurance (our estimate, 0.5% a year) | $19 |
| FHA mortgage insurance | $20 |
| Total per month | $391 |
Change the numbers in the calculator
Questions about home buying in Stonewall
What is the median home value in Stonewall?
About $45,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Stonewall?
Homeowners pay a median $632 a year, which is about 1.39% 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 Stonewall?
For the median home with 20% down at 7.11%, the payment is about $316 a month. Keeping that under 28% of gross income takes about $13,536 a year.
More about Stonewall
- Mortgage Refinance in Stonewall
- Debt Relief in Stonewall
- Home Equity Loans in Stonewall
- 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