The typical owner-occupied home in Abbeville is worth about $161,500, 5% below the Mississippi median of $169,800 and 51% below the national median of $332,700. Owners pay a median $1,113 a year in property taxes, about 0.69% of their home's value, close to the Mississippi rate of 0.72%. The median household earns $61,250 a year, so the median home costs 2.6 times the median income (3.0 times for Mississippi). 74% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Abbeville at a glance
| Abbeville | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $161,500 | $169,800 | $332,700 |
| Median property tax paid per year | $1,113 | $1,215 | $3,119 |
| Property tax as a share of value | 0.69% | 0.72% | 0.94% |
| Median household income | $61,250 | $56,447 | $80,734 |
| Homes lived in by their owners | 74% | 70% | 65% |
| Owner homes with a mortgage | 50% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $1,183 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 19.5% | 19.8% | 21.0% |
| Median rent | $1,056 | $954 | $1,413 |
| Rent as a share of renters' income | 39.2% | 30.7% | 30.6% |
| Median year homes were built | 1987 | 1986 | 1980 |
| Vacant homes | 27.1% | 14.6% | 10.1% |
| Population | 311 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Abbeville
At this week's average 30-year rate of 7.11%, buying the median Abbeville home of $161,500 with 20% down costs about $1,029 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,298, 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 $44,112 for the 20%-down payment. That payment is 20% of the median Abbeville household income of $61,250; at that income and 20% down, the 28% guideline points to a home of about $224,000.
The median rent here is $1,056 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $32,300 |
|---|---|
| Loan amount | $129,200 |
| Principal and interest | $869 |
| Property taxes (0.69% a year) | $93 |
| Homeowners insurance (our estimate, 0.5% a year) | $67 |
| PMI | $0 |
| Total per month | $1,029 |
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| Down payment | $5,652 |
|---|---|
| Loan amount | $158,575 |
| Principal and interest | $1,067 |
| Property taxes (0.69% a year) | $93 |
| Homeowners insurance (our estimate, 0.5% a year) | $67 |
| FHA mortgage insurance | $71 |
| Total per month | $1,298 |
Change the numbers in the calculator
Questions about home buying in Abbeville
What is the median home value in Abbeville?
About $161,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Abbeville?
Homeowners pay a median $1,113 a year, which is about 0.69% 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 Abbeville?
For the median home with 20% down at 7.11%, the payment is about $1,029 a month. Keeping that under 28% of gross income takes about $44,112 a year.
More about Abbeville
- Mortgage Refinance in Abbeville
- Debt Relief in Abbeville
- Home Equity Loans in Abbeville
- 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