Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$185,775+1.9% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 29% have cut their price
Income needed to buy, per year$40,272About 0.8× the local median income ($51,437): affordable for a typical household
Days on market89 daysSlower than a year ago: buyers have time to negotiate
The typical home in Panola County, MS is worth $185,775, up 1.9% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $200,596, so the area is 7.4% undervalued. It is a buyer's market: homes take about 89 days to sell, listings are up 29% from a year ago, 29% of listings have had a price cut. A household needs about $40,272 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $51,437. In the latest IRS figures, 89 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$185,775
Change in 1 year
+1.9%
Overvalued %
−7.4%
Show 6 more
Fair home value
$200,596
Change in 5 years
+8.1%
Home value to income
3.6×
Monthly mortgage payment (20% down)
$1,007
Income needed to afford it
$40,272
Property tax rate
0.65%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$947
Market activity
Listings vs a year ago
+28.6%
Days on market
89
Listings with a price cut
28.8%
Show 3 more
Homes for sale
81
Pending sales per 100 listings
23
Asking price per sq ft
$145
People and jobs
Median household income
$51,437
Population change (1 year)
−0.1%
Unemployment rate
6.6%
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Population
32,691
Income adjusted for cost of living
$61,528
Net moves in (IRS)
+89
Cost of living (US = 100)
83.6
Schools, risk and environment
School rating (1 to 10)
5.4
FEMA hazard risk score (0 to 100)
69.2
Flood risk score
43.9
Show 3 more
Wildfire risk score
63.4
Walkability (1 to 20)
5.1
Road, rail and air noise
54 dB
Questions people ask
Is Panola County, MS overvalued?
Home prices in Panola County, MS are slightly below what local incomes have historically supported: fair value is about $200,596, so the area is 7.4% undervalued.
Is Panola County, MS a buyer's or seller's market?
Panola County, MS is a buyer's market: homes take about 89 days to sell, listings are up 29% from a year ago, 29% of listings have had a price cut.
Are home prices going down in Panola County, MS?
Home values in Panola County, MS are up 1.9% over the last year.
How much do you need to earn to buy a home in Panola County, MS?
A household needs about $40,272 a year to afford the typical home in Panola County, MS at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $51,437.