The typical owner-occupied home in Bolton is worth about $43,100, 75% below the Mississippi median of $169,800 and 87% below the national median of $332,700. Owners pay a median $435 a year in property taxes, about 1.01% of their home's value, higher than the Mississippi rate of 0.72%. The median household earns $31,250 a year, so the median home costs 1.4 times the median income (3.0 times for Mississippi). 68% of occupied homes here are lived in by their owners, and 24% of those owners still have a mortgage.
Bolton at a glance
| Bolton | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $43,100 | $169,800 | $332,700 |
| Median property tax paid per year | $435 | $1,215 | $3,119 |
| Property tax as a share of value | 1.01% | 0.72% | 0.94% |
| Median household income | $31,250 | $56,447 | $80,734 |
| Homes lived in by their owners | 68% | 70% | 65% |
| Owner homes with a mortgage | 24% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $1,299 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 40.3% | 19.8% | 21.0% |
| Median rent | $661 | $954 | $1,413 |
| Rent as a share of renters' income | 28.8% | 30.7% | 30.6% |
| Median year homes were built | 1973 | 1986 | 1980 |
| Vacant homes | 2.9% | 14.6% | 10.1% |
| Population | 597 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Bolton
At this week's average 30-year rate of 7.11%, buying the median Bolton home of $43,100 with 20% down costs about $286 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $358, 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 $12,265 for the 20%-down payment. That payment is 11% of the median Bolton household income of $31,250; at that income and 20% down, the 28% guideline points to a home of about $110,000.
The median rent here is $661 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $8,620 |
|---|---|
| Loan amount | $34,480 |
| Principal and interest | $232 |
| Property taxes (1.01% a year) | $36 |
| Homeowners insurance (our estimate, 0.5% a year) | $18 |
| PMI | $0 |
| Total per month | $286 |
Change the numbers in the calculator
| Down payment | $1,508 |
|---|---|
| Loan amount | $42,319 |
| Principal and interest | $285 |
| Property taxes (1.01% a year) | $36 |
| Homeowners insurance (our estimate, 0.5% a year) | $18 |
| FHA mortgage insurance | $19 |
| Total per month | $358 |
Change the numbers in the calculator
Questions about home buying in Bolton
What is the median home value in Bolton?
About $43,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bolton?
Homeowners pay a median $435 a year, which is about 1.01% 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 Bolton?
For the median home with 20% down at 7.11%, the payment is about $286 a month. Keeping that under 28% of gross income takes about $12,265 a year.
More about Bolton
- Mortgage Refinance in Bolton
- Debt Relief in Bolton
- Home Equity Loans in Bolton
- 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