The typical owner-occupied home in Valley Park is worth about $157,400, 7% below the Mississippi median of $169,800 and 53% below the national median of $332,700. Owners pay a median $767 a year in property taxes, about 0.49% of their home's value, lower than the Mississippi rate of 0.72%. The median household earns $55,917 a year, so the median home costs 2.8 times the median income (3.0 times for Mississippi). 75% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Valley Park at a glance
| Valley Park | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $157,400 | $169,800 | $332,700 |
| Median property tax paid per year | $767 | $1,215 | $3,119 |
| Property tax as a share of value | 0.49% | 0.72% | 0.94% |
| Median household income | $55,917 | $56,447 | $80,734 |
| Homes lived in by their owners | 75% | 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 | 1977 | 1986 | 1980 |
| Vacant homes | 7.6% | 14.6% | 10.1% |
| Population | 95 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Valley Park
At this week's average 30-year rate of 7.11%, buying the median Valley Park home of $157,400 with 20% down costs about $977 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,239, 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 $41,868 for the 20%-down payment. That payment is 21% of the median Valley Park household income of $55,917; at that income and 20% down, the 28% guideline points to a home of about $210,000.
| Down payment | $31,480 |
|---|---|
| Loan amount | $125,920 |
| Principal and interest | $847 |
| Property taxes (0.49% a year) | $64 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| PMI | $0 |
| Total per month | $977 |
Change the numbers in the calculator
| Down payment | $5,509 |
|---|---|
| Loan amount | $154,549 |
| Principal and interest | $1,040 |
| Property taxes (0.49% a year) | $64 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| FHA mortgage insurance | $70 |
| Total per month | $1,239 |
Change the numbers in the calculator
Questions about home buying in Valley Park
What is the median home value in Valley Park?
About $157,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Valley Park?
Homeowners pay a median $767 a year, which is about 0.49% 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 Valley Park?
For the median home with 20% down at 7.11%, the payment is about $977 a month. Keeping that under 28% of gross income takes about $41,868 a year.
More about Valley Park
- Mortgage Refinance in Valley Park
- Debt Relief in Valley Park
- Home Equity Loans in Valley Park
- 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