The typical owner-occupied home in Alligator is worth about $58,200, 66% below the Mississippi median of $169,800 and 83% below the national median of $332,700. 69% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Alligator at a glance
| Alligator | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $58,200 | $169,800 | $332,700 |
| Median property tax paid per year | – | $1,215 | $3,119 |
| Median household income | – | $56,447 | $80,734 |
| Homes lived in by their owners | 69% | 70% | 65% |
| Owner homes with a mortgage | 59% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $759 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 12.9% | 19.8% | 21.0% |
| Median rent | $655 | $954 | $1,413 |
| Rent as a share of renters' income | 43.6% | 30.7% | 30.6% |
| Median year homes were built | 1986 | 1986 | 1980 |
| Vacant homes | 2.0% | 14.6% | 10.1% |
| Population | 116 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Alligator
At this week's average 30-year rate of 7.11%, buying the median Alligator home of $58,200 with 20% down costs about $391 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $488, 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 $16,749 for the 20%-down payment.
The median rent here is $655 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $11,640 |
|---|---|
| Loan amount | $46,560 |
| Principal and interest | $313 |
| Property taxes (1.10% a year) | $53 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| PMI | $0 |
| Total per month | $391 |
Change the numbers in the calculator
| Down payment | $2,037 |
|---|---|
| Loan amount | $57,146 |
| Principal and interest | $384 |
| Property taxes (1.10% a year) | $53 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| FHA mortgage insurance | $26 |
| Total per month | $488 |
Change the numbers in the calculator
Questions about home buying in Alligator
What is the median home value in Alligator?
About $58,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Alligator?
For the median home with 20% down at 7.11%, the payment is about $391 a month. Keeping that under 28% of gross income takes about $16,749 a year.
More about Alligator
- Mortgage Refinance in Alligator
- Debt Relief in Alligator
- Home Equity Loans in Alligator
- 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