The typical owner-occupied home in Macon is worth about $97,400, 43% below the Mississippi median of $169,800 and 71% below the national median of $332,700. Owners pay a median $1,400 a year in property taxes, about 1.44% of their home's value, higher than the Mississippi rate of 0.72%. The median household earns $31,774 a year, so the median home costs 3.1 times the median income (3.0 times for Mississippi). 70% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Macon at a glance
| Macon | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $97,400 | $169,800 | $332,700 |
| Median property tax paid per year | $1,400 | $1,215 | $3,119 |
| Property tax as a share of value | 1.44% | 0.72% | 0.94% |
| Median household income | $31,774 | $56,447 | $80,734 |
| Homes lived in by their owners | 70% | 70% | 65% |
| Owner homes with a mortgage | 53% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $1,125 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 51.0% | 19.8% | 21.0% |
| Median rent | $625 | $954 | $1,413 |
| Rent as a share of renters' income | 51.0% | 30.7% | 30.6% |
| Median year homes were built | 1976 | 1986 | 1980 |
| Vacant homes | 8.3% | 14.6% | 10.1% |
| Population | 3,333 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Macon
At this week's average 30-year rate of 7.11%, buying the median Macon home of $97,400 with 20% down costs about $682 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $844, 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 $29,213 for the 20%-down payment. That payment is 26% of the median Macon household income of $31,774; at that income and 20% down, the 28% guideline points to a home of about $106,000.
The median rent here is $625 a month, so owning the median home costs about $57 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $19,480 |
|---|---|
| Loan amount | $77,920 |
| Principal and interest | $524 |
| Property taxes (1.44% a year) | $117 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| PMI | $0 |
| Total per month | $682 |
Change the numbers in the calculator
| Down payment | $3,409 |
|---|---|
| Loan amount | $95,636 |
| Principal and interest | $643 |
| Property taxes (1.44% a year) | $117 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| FHA mortgage insurance | $43 |
| Total per month | $844 |
Change the numbers in the calculator
Questions about home buying in Macon
What is the median home value in Macon?
About $97,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Macon?
Homeowners pay a median $1,400 a year, which is about 1.44% 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 Macon?
For the median home with 20% down at 7.11%, the payment is about $682 a month. Keeping that under 28% of gross income takes about $29,213 a year.
More about Macon
- Mortgage Refinance in Macon
- Debt Relief in Macon
- Home Equity Loans in Macon
- 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