The typical owner-occupied home in Pheba is worth about $211,800, 25% above the Mississippi median of $169,800 and 36% below the national median of $332,700. Owners pay a median $349 a year in property taxes, about 0.16% of their home's value, lower than the Mississippi rate of 0.72%. The median household earns $19,132 a year, so the median home costs 11.1 times the median income (3.0 times for Mississippi). 100% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Pheba at a glance
| Pheba | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $211,800 | $169,800 | $332,700 |
| Median property tax paid per year | $349 | $1,215 | $3,119 |
| Property tax as a share of value | 0.16% | 0.72% | 0.94% |
| Median household income | $19,132 | $56,447 | $80,734 |
| Homes lived in by their owners | 100% | 70% | 65% |
| Owner homes with a mortgage | 0% | 49% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,394 | $1,963 |
| Median rent | – | $954 | $1,413 |
| Median year homes were built | 2012 | 1986 | 1980 |
| Vacant homes | 0.0% | 14.6% | 10.1% |
| Population | 162 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Pheba
At this week's average 30-year rate of 7.11%, buying the median Pheba home of $211,800 with 20% down costs about $1,256 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,609, 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 $53,842 for the 20%-down payment. That payment is 79% of the median Pheba household income of $19,132; at that income and 20% down, the 28% guideline points to a home of about $75,000.
| Down payment | $42,360 |
|---|---|
| Loan amount | $169,440 |
| Principal and interest | $1,140 |
| Property taxes (0.16% a year) | $28 |
| Homeowners insurance (our estimate, 0.5% a year) | $88 |
| PMI | $0 |
| Total per month | $1,256 |
Change the numbers in the calculator
| Down payment | $7,413 |
|---|---|
| Loan amount | $207,964 |
| Principal and interest | $1,399 |
| Property taxes (0.16% a year) | $28 |
| Homeowners insurance (our estimate, 0.5% a year) | $88 |
| FHA mortgage insurance | $94 |
| Total per month | $1,609 |
Change the numbers in the calculator
Questions about home buying in Pheba
What is the median home value in Pheba?
About $211,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Pheba?
Homeowners pay a median $349 a year, which is about 0.16% 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 Pheba?
For the median home with 20% down at 7.11%, the payment is about $1,256 a month. Keeping that under 28% of gross income takes about $53,842 a year.
More about Pheba
- Mortgage Refinance in Pheba
- Debt Relief in Pheba
- Home Equity Loans in Pheba
- 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