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Buying a home in Conehatta, Mississippi

The typical owner-occupied home in Conehatta is worth about $119,200, 30% below the Mississippi median of $169,800 and 64% below the national median of $332,700. Owners pay a median $705 a year in property taxes, about 0.59% of their home's value, lower than the Mississippi rate of 0.72%. 85% of occupied homes here are lived in by their owners, and 32% of those owners still have a mortgage.

Conehatta at a glance

Conehatta Mississippi U.S.
Median home value $119,200 $169,800 $332,700
Median property tax paid per year $705 $1,215 $3,119
Property tax as a share of value 0.59% 0.72% 0.94%
Median household income – $56,447 $80,734
Homes lived in by their owners 85% 70% 65%
Owner homes with a mortgage 32% 49% 61%
Median monthly costs, owners with a mortgage $868 $1,394 $1,963
Those costs as a share of the owners' income 35.8% 19.8% 21.0%
Median rent – $954 $1,413
Median year homes were built 1991 1986 1980
Vacant homes 14.2% 14.6% 10.1%
Population 1,166 2,946,779 334,922,499

What a typical home costs per month in Conehatta

At this week's average 30-year rate of 7.11%, buying the median Conehatta home of $119,200 with 20% down costs about $750 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $948, 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 $32,133 for the 20%-down payment.

20% down, 30-year conventional loan
Down payment$23,840
Loan amount$95,360
Principal and interest$641
Property taxes (0.59% a year)$59
Homeowners insurance (our estimate, 0.5% a year)$50
PMI$0
Total per month$750

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3.5% down, 30-year FHA loan
Down payment$4,172
Loan amount$117,041
Principal and interest$787
Property taxes (0.59% a year)$59
Homeowners insurance (our estimate, 0.5% a year)$50
FHA mortgage insurance$53
Total per month$948

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Questions about home buying in Conehatta

What is the median home value in Conehatta?

About $119,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.

How much are property taxes in Conehatta?

Homeowners pay a median $705 a year, which is about 0.59% 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 Conehatta?

For the median home with 20% down at 7.11%, the payment is about $750 a month. Keeping that under 28% of gross income takes about $32,133 a year.

More about Conehatta

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