The typical owner-occupied home in Louin is worth about $173,600, about the same as the Mississippi median of $169,800 and 48% below the national median of $332,700. Owners pay a median $940 a year in property taxes, about 0.54% of their home's value, lower than the Mississippi rate of 0.72%. The median household earns $58,846 a year, so the median home costs 3.0 times the median income (3.0 times for Mississippi). 83% of occupied homes here are lived in by their owners, and 11% of those owners still have a mortgage.
Louin at a glance
| Louin | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $173,600 | $169,800 | $332,700 |
| Median property tax paid per year | $940 | $1,215 | $3,119 |
| Property tax as a share of value | 0.54% | 0.72% | 0.94% |
| Median household income | $58,846 | $56,447 | $80,734 |
| Homes lived in by their owners | 83% | 70% | 65% |
| Owner homes with a mortgage | 11% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $1,450 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 17.3% | 19.8% | 21.0% |
| Median rent | – | $954 | $1,413 |
| Median year homes were built | 1977 | 1986 | 1980 |
| Vacant homes | 14.9% | 14.6% | 10.1% |
| Population | 393 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Louin
At this week's average 30-year rate of 7.11%, buying the median Louin home of $173,600 with 20% down costs about $1,085 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,374, 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 $46,487 for the 20%-down payment. That payment is 22% of the median Louin household income of $58,846; at that income and 20% down, the 28% guideline points to a home of about $220,000.
| Down payment | $34,720 |
|---|---|
| Loan amount | $138,880 |
| Principal and interest | $934 |
| Property taxes (0.54% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $72 |
| PMI | $0 |
| Total per month | $1,085 |
Change the numbers in the calculator
| Down payment | $6,076 |
|---|---|
| Loan amount | $170,456 |
| Principal and interest | $1,147 |
| Property taxes (0.54% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $72 |
| FHA mortgage insurance | $77 |
| Total per month | $1,374 |
Change the numbers in the calculator
Questions about home buying in Louin
What is the median home value in Louin?
About $173,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Louin?
Homeowners pay a median $940 a year, which is about 0.54% 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 Louin?
For the median home with 20% down at 7.11%, the payment is about $1,085 a month. Keeping that under 28% of gross income takes about $46,487 a year.
More about Louin
- Mortgage Refinance in Louin
- Debt Relief in Louin
- Home Equity Loans in Louin
- 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