The 11 most affordable cities in Mississippi to buy a house

Homeownership is fundamental to the American dream. It offers wealth, security, community, and countless other benefits. Yet for many Mississippi residents, the dream feels increasingly out of reach—even as incomes rise and mortgage rates fall. Near-record prices have made homes hard to come by and often even harder to afford, leaving buyers and sellers stuck and younger generations priced out.

But affordable pockets still exist. In cities across the state, residents can comfortably spend around 30% of their income or less on housing, which is widely considered the affordable threshold.

To find out where these cities are, Redfin Real Estate ranked the most affordable cities in Mississippi, based on their local payment to income ratios. All data is an average for the January-October 2025 period. To see the most affordable cities in the country, read this recent Redfin article.

#1. Byram, Mississippi
- Payment to income ratio: 23.2%
- Median sale price: $224,283
- Median household income: $74,103
- Income needed to buy: $57,274
- Median monthly mortgage payment: $1,432
- See homes for sale in Byram on Redfin.com

#2. Madison, Mississippi
- Payment to income ratio: 24.9%
- Median sale price: $392,794
- Median household income: $120,918
- Income needed to buy: $100,305
- Median monthly mortgage payment: $2,508
- See homes for sale in Madison on Redfin.com

#3. Brandon, Mississippi
- Payment to income ratio: 25.2%
- Median sale price: $305,592
- Median household income: $93,073
- Income needed to buy: $78,037
- Median monthly mortgage payment: $1,951
- See homes for sale in Brandon on Redfin.com

#4. Olive Branch, Mississippi
- Payment to income ratio: 25.3%
- Median sale price: $325,237
- Median household income: $98,421
- Income needed to buy: $83,053
- Median monthly mortgage payment: $2,076
- See homes for sale in Olive Branch on Redfin.com

#5. Clinton, Mississippi
- Payment to income ratio: 28.7%
- Median sale price: $266,124
- Median household income: $70,913
- Income needed to buy: $67,958
- Median monthly mortgage payment: $1,699
- See homes for sale in Clinton on Redfin.com

#6. Ocean Springs, Mississippi
- Payment to income ratio: 29.3%
- Median sale price: $301,687
- Median household income: $78,929
- Income needed to buy: $77,040
- Median monthly mortgage payment: $1,926
- See homes for sale in Ocean Springs on Redfin.com

#7. Long Beach, Mississippi
- Payment to income ratio: 29.7%
- Median sale price: $275,351
- Median household income: $71,121
- Income needed to buy: $70,314
- Median monthly mortgage payment: $1,758
- See homes for sale in Long Beach on Redfin.com

#8. Southaven, Mississippi
- Payment to income ratio: 30.4%
- Median sale price: $302,304
- Median household income: $76,159
- Income needed to buy: $77,197
- Median monthly mortgage payment: $1,930
- See homes for sale in Southaven on Redfin.com

#9. Pearl, Mississippi
- Payment to income ratio: 34.4%
- Median sale price: $245,650
- Median household income: $54,643
- Income needed to buy: $62,730
- Median monthly mortgage payment: $1,568
- See homes for sale in Pearl on Redfin.com

#10. Hernando, Mississippi
- Payment to income ratio: 38.6%
- Median sale price: $359,838
- Median household income: $71,451
- Income needed to buy: $91,889
- Median monthly mortgage payment: $2,297
- See homes for sale in Hernando on Redfin.com

#11. Ridgeland, Mississippi
- Payment to income ratio: 41.3%
- Median sale price: $342,257
- Median household income: $63,470
- Income needed to buy: $87,400
- Median monthly mortgage payment: $2,185
- See homes for sale in Ridgeland on Redfin.com