The typical owner-occupied home in Mount Olive is worth about $66,300, 61% below the Mississippi median of $169,800 and 80% below the national median of $332,700. Owners pay a median $900 a year in property taxes, about 1.36% of their home's value, higher than the Mississippi rate of 0.72%. 71% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Mount Olive at a glance
| Mount Olive | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $66,300 | $169,800 | $332,700 |
| Median property tax paid per year | $900 | $1,215 | $3,119 |
| Property tax as a share of value | 1.36% | 0.72% | 0.94% |
| Median household income | – | $56,447 | $80,734 |
| Homes lived in by their owners | 71% | 70% | 65% |
| Owner homes with a mortgage | 60% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $1,346 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 13.0% | 19.8% | 21.0% |
| Median rent | $814 | $954 | $1,413 |
| Rent as a share of renters' income | 37.0% | 30.7% | 30.6% |
| Median year homes were built | 1988 | 1986 | 1980 |
| Vacant homes | 17.2% | 14.6% | 10.1% |
| Population | 1,110 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Mount Olive
At this week's average 30-year rate of 7.11%, buying the median Mount Olive home of $66,300 with 20% down costs about $460 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $570, 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 $19,696 for the 20%-down payment.
The median rent here is $814 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $13,260 |
|---|---|
| Loan amount | $53,040 |
| Principal and interest | $357 |
| Property taxes (1.36% a year) | $75 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| PMI | $0 |
| Total per month | $460 |
Change the numbers in the calculator
| Down payment | $2,320 |
|---|---|
| Loan amount | $65,099 |
| Principal and interest | $438 |
| Property taxes (1.36% a year) | $75 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| FHA mortgage insurance | $29 |
| Total per month | $570 |
Change the numbers in the calculator
Questions about home buying in Mount Olive
What is the median home value in Mount Olive?
About $66,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mount Olive?
Homeowners pay a median $900 a year, which is about 1.36% 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 Mount Olive?
For the median home with 20% down at 7.11%, the payment is about $460 a month. Keeping that under 28% of gross income takes about $19,696 a year.
More about Mount Olive
- Mortgage Refinance in Mount Olive
- Debt Relief in Mount Olive
- Home Equity Loans in Mount Olive
- 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