The typical owner-occupied home in Heidelberg is worth about $107,800, 37% below the Mississippi median of $169,800 and 68% below the national median of $332,700. The median household earns $49,896 a year, so the median home costs 2.2 times the median income (3.0 times for Mississippi). 68% of occupied homes here are lived in by their owners, and 30% of those owners still have a mortgage.
Heidelberg at a glance
| Heidelberg | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $107,800 | $169,800 | $332,700 |
| Median property tax paid per year | – | $1,215 | $3,119 |
| Median household income | $49,896 | $56,447 | $80,734 |
| Homes lived in by their owners | 68% | 70% | 65% |
| Owner homes with a mortgage | 30% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $990 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 26.7% | 19.8% | 21.0% |
| Median rent | $1,004 | $954 | $1,413 |
| Rent as a share of renters' income | 22.0% | 30.7% | 30.6% |
| Median year homes were built | 1977 | 1986 | 1980 |
| Vacant homes | 19.4% | 14.6% | 10.1% |
| Population | 756 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Heidelberg
At this week's average 30-year rate of 7.11%, buying the median Heidelberg home of $107,800 with 20% down costs about $724 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $903, 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 $31,023 for the 20%-down payment. That payment is 17% of the median Heidelberg household income of $49,896; at that income and 20% down, the 28% guideline points to a home of about $173,000.
The median rent here is $1,004 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $21,560 |
|---|---|
| Loan amount | $86,240 |
| Principal and interest | $580 |
| Property taxes (1.10% a year) | $99 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| PMI | $0 |
| Total per month | $724 |
Change the numbers in the calculator
| Down payment | $3,773 |
|---|---|
| Loan amount | $105,847 |
| Principal and interest | $712 |
| Property taxes (1.10% a year) | $99 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| FHA mortgage insurance | $48 |
| Total per month | $903 |
Change the numbers in the calculator
Questions about home buying in Heidelberg
What is the median home value in Heidelberg?
About $107,800 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 Heidelberg?
For the median home with 20% down at 7.11%, the payment is about $724 a month. Keeping that under 28% of gross income takes about $31,023 a year.
More about Heidelberg
- Mortgage Refinance in Heidelberg
- Debt Relief in Heidelberg
- Home Equity Loans in Heidelberg
- 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