The typical owner-occupied home in Blue Springs is worth about $158,300, 7% below the Mississippi median of $169,800 and 52% below the national median of $332,700. Owners pay a median $600 a year in property taxes, about 0.38% of their home's value, lower than the Mississippi rate of 0.72%. The median household earns $44,286 a year, so the median home costs 3.6 times the median income (3.0 times for Mississippi). 63% of occupied homes here are lived in by their owners, and 28% of those owners still have a mortgage.
Blue Springs at a glance
| Blue Springs | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $158,300 | $169,800 | $332,700 |
| Median property tax paid per year | $600 | $1,215 | $3,119 |
| Property tax as a share of value | 0.38% | 0.72% | 0.94% |
| Median household income | $44,286 | $56,447 | $80,734 |
| Homes lived in by their owners | 63% | 70% | 65% |
| Owner homes with a mortgage | 28% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $1,075 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 20.9% | 19.8% | 21.0% |
| Median rent | $733 | $954 | $1,413 |
| Rent as a share of renters' income | 42.9% | 30.7% | 30.6% |
| Median year homes were built | 1988 | 1986 | 1980 |
| Vacant homes | 47.6% | 14.6% | 10.1% |
| Population | 268 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Blue Springs
At this week's average 30-year rate of 7.11%, buying the median Blue Springs home of $158,300 with 20% down costs about $968 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,232, 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 $41,486 for the 20%-down payment. That payment is 26% of the median Blue Springs household income of $44,286; at that income and 20% down, the 28% guideline points to a home of about $169,000.
The median rent here is $733 a month, so owning the median home costs about $235 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $31,660 |
|---|---|
| Loan amount | $126,640 |
| Principal and interest | $852 |
| Property taxes (0.38% a year) | $50 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| PMI | $0 |
| Total per month | $968 |
Change the numbers in the calculator
| Down payment | $5,540 |
|---|---|
| Loan amount | $155,433 |
| Principal and interest | $1,046 |
| Property taxes (0.38% a year) | $50 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| FHA mortgage insurance | $70 |
| Total per month | $1,232 |
Change the numbers in the calculator
Questions about home buying in Blue Springs
What is the median home value in Blue Springs?
About $158,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Blue Springs?
Homeowners pay a median $600 a year, which is about 0.38% 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 Blue Springs?
For the median home with 20% down at 7.11%, the payment is about $968 a month. Keeping that under 28% of gross income takes about $41,486 a year.
More about Blue Springs
- Mortgage Refinance in Blue Springs
- Debt Relief in Blue Springs
- Home Equity Loans in Blue Springs
- 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