The typical owner-occupied home in Alligator is worth about $58,200, 66% below the Mississippi median of $169,800 and 83% below the national median of $332,700. 69% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Alligator at a glance
| Alligator | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $58,200 | $169,800 | $332,700 |
| Median property tax paid per year | – | $1,215 | $3,119 |
| Median household income | – | $56,447 | $80,734 |
| Homes lived in by their owners | 69% | 70% | 65% |
| Owner homes with a mortgage | 59% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $759 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 12.9% | 19.8% | 21.0% |
| Median rent | $655 | $954 | $1,413 |
| Rent as a share of renters' income | 43.6% | 30.7% | 30.6% |
| Median year homes were built | 1986 | 1986 | 1980 |
| Vacant homes | 2.0% | 14.6% | 10.1% |
| Population | 116 | 2,946,779 | 334,922,499 |
How much equity Alligator owners could borrow
Home equity is what your home is worth minus what you owe. Most lenders let you borrow until your loans add up to 80% to 85% of the home's value. For the median Alligator home of $58,200, 80% is $46,560.
41% of Alligator owners have no mortgage at all, so they could borrow up to the full 80% limit.
If you instead refinance and take cash out, the whole loan moves to the new rate (this week's 30-year average is 7.11%). A home equity loan or line of credit keeps your current first mortgage, which is usually better when your existing rate is lower than today's.
| Owe nothing | $46,560 to $49,470 |
|---|---|
| Owe $14,550 | $32,010 to $34,920 |
| Owe $29,100 | $17,460 to $20,370 |
| Owe $37,830 | $8,730 to $11,640 |
Before the lender's own limits, fees and your credit and income checks.
Change the numbers in the calculator
Questions about home equity loans in Alligator
What is the median home value in Alligator?
About $58,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much can I borrow against my home in Alligator?
Usually up to 80% to 85% of your home's value, minus what you owe. On the median home of $58,200, an 80% limit is $46,560 before subtracting your mortgage.
More about Alligator
- Mortgage Refinance in Alligator
- Home Buying in Alligator
- Debt Relief in Alligator
- 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