The typical owner-occupied home in Pontotoc County is worth about $157,100, 7% below the Mississippi median of $169,800 and 53% below the national median of $332,700. Owners pay a median $911 a year in property taxes, about 0.58% of their home's value, lower than the Mississippi rate of 0.72%. The median household earns $51,484 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 45% of those owners still have a mortgage.
Pontotoc County at a glance
| Pontotoc County | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $157,100 | $169,800 | $332,700 |
| Median property tax paid per year | $911 | $1,215 | $3,119 |
| Property tax as a share of value | 0.58% | 0.72% | 0.94% |
| Median household income | $51,484 | $56,447 | $80,734 |
| Homes lived in by their owners | 70% | 70% | 65% |
| Owner homes with a mortgage | 45% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $1,240 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 19.8% | 21.0% |
| Median rent | $864 | $954 | $1,413 |
| Rent as a share of renters' income | 30.2% | 30.7% | 30.6% |
| Median year homes were built | 1989 | 1986 | 1980 |
| Vacant homes | 16.9% | 14.6% | 10.1% |
| Population | 31,550 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Pontotoc County
At this week's average 30-year rate of 7.11%, buying the median Pontotoc County home of $157,100 with 20% down costs about $987 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,249, 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 $42,294 for the 20%-down payment. That payment is 23% of the median Pontotoc County household income of $51,484; at that income and 20% down, the 28% guideline points to a home of about $191,000.
The median rent here is $864 a month, so owning the median home costs about $123 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $31,420 |
|---|---|
| Loan amount | $125,680 |
| Principal and interest | $845 |
| Property taxes (0.58% a year) | $76 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| PMI | $0 |
| Total per month | $987 |
Change the numbers in the calculator
| Down payment | $5,498 |
|---|---|
| Loan amount | $154,255 |
| Principal and interest | $1,038 |
| Property taxes (0.58% a year) | $76 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| FHA mortgage insurance | $69 |
| Total per month | $1,249 |
Change the numbers in the calculator
Questions about home buying in Pontotoc County
What is the median home value in Pontotoc County?
About $157,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Pontotoc County?
Homeowners pay a median $911 a year, which is about 0.58% 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 Pontotoc County?
For the median home with 20% down at 7.11%, the payment is about $987 a month. Keeping that under 28% of gross income takes about $42,294 a year.
More about Pontotoc County
- Mortgage Refinance in Pontotoc County
- Debt Relief in Pontotoc County
- Home Equity Loans in Pontotoc County
- 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