The typical owner-occupied home in Sandersville is worth about $95,000, 44% below the Mississippi median of $169,800 and 71% below the national median of $332,700. Owners pay a median $1,167 a year in property taxes, about 1.23% of their home's value, higher than the Mississippi rate of 0.72%. The median household earns $52,667 a year, so the median home costs 1.8 times the median income (3.0 times for Mississippi). 86% of occupied homes here are lived in by their owners, and 39% of those owners still have a mortgage.
Sandersville at a glance
| Sandersville | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $95,000 | $169,800 | $332,700 |
| Median property tax paid per year | $1,167 | $1,215 | $3,119 |
| Property tax as a share of value | 1.23% | 0.72% | 0.94% |
| Median household income | $52,667 | $56,447 | $80,734 |
| Homes lived in by their owners | 86% | 70% | 65% |
| Owner homes with a mortgage | 39% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $944 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 25.1% | 19.8% | 21.0% |
| Median rent | $718 | $954 | $1,413 |
| Rent as a share of renters' income | 23.5% | 30.7% | 30.6% |
| Median year homes were built | 1980 | 1986 | 1980 |
| Vacant homes | 11.0% | 14.6% | 10.1% |
| Population | 413 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Sandersville
At this week's average 30-year rate of 7.11%, buying the median Sandersville home of $95,000 with 20% down costs about $648 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $806, 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 $27,781 for the 20%-down payment. That payment is 15% of the median Sandersville household income of $52,667; at that income and 20% down, the 28% guideline points to a home of about $180,000.
The median rent here is $718 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $19,000 |
|---|---|
| Loan amount | $76,000 |
| Principal and interest | $511 |
| Property taxes (1.23% a year) | $97 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| PMI | $0 |
| Total per month | $648 |
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| Down payment | $3,325 |
|---|---|
| Loan amount | $93,279 |
| Principal and interest | $628 |
| Property taxes (1.23% a year) | $97 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| FHA mortgage insurance | $42 |
| Total per month | $806 |
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Questions about home buying in Sandersville
What is the median home value in Sandersville?
About $95,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sandersville?
Homeowners pay a median $1,167 a year, which is about 1.23% 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 Sandersville?
For the median home with 20% down at 7.11%, the payment is about $648 a month. Keeping that under 28% of gross income takes about $27,781 a year.
More about Sandersville
- Mortgage Refinance in Sandersville
- Debt Relief in Sandersville
- Home Equity Loans in Sandersville
- 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