Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$123,976−2.7% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 20% have cut their price
Income needed to buy, per year$26,875About 0.6× the local median income ($43,074): affordable for a typical household
Days on market95 daysSlower than a year ago: buyers have time to negotiate
The typical home in Tallahatchie County, MS is worth $123,976, down 2.7% from a year ago. That is well below what local incomes have historically supported: fair value is about $183,413, so the area is 32.4% undervalued. It is a buyer's market: homes take about 95 days to sell, listings are up 25% from a year ago, 20% of listings have had a price cut. A household needs about $26,875 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 $43,074. In the latest IRS figures, 201 more people moved out than in.
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
$123,976
Change in 1 year
−2.7%
Overvalued %
−32.4%
Show 6 more
Fair home value
$183,413
Change in 5 years
−32.5%
Home value to income
2.9×
Monthly mortgage payment (20% down)
$672
Income needed to afford it
$26,875
Property tax rate
0.61%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$905
Market activity
Listings vs a year ago
+25.0%
Days on market
95
Listings with a price cut
20.0%
Show 3 more
Homes for sale
15
Pending sales per 100 listings
13
Asking price per sq ft
$74
People and jobs
Median household income
$43,074
Population change (1 year)
−0.8%
Unemployment rate
10.2%
Show 4 more
Population
10,877
Income adjusted for cost of living
$51,524
Net moves in (IRS)
−201
Cost of living (US = 100)
83.6
Schools, risk and environment
School rating (1 to 10)
2.6
FEMA hazard risk score (0 to 100)
40.1
Flood risk score
30.3
Show 3 more
Wildfire risk score
42.0
Walkability (1 to 20)
4.7
Road, rail and air noise
53 dB
Questions people ask
Is Tallahatchie County, MS overvalued?
Home prices in Tallahatchie County, MS are well below what local incomes have historically supported: fair value is about $183,413, so the area is 32.4% undervalued.
Is Tallahatchie County, MS a buyer's or seller's market?
Tallahatchie County, MS is a buyer's market: homes take about 95 days to sell, listings are up 25% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Tallahatchie County, MS?
Home values in Tallahatchie County, MS are down 2.7% over the last year.
How much do you need to earn to buy a home in Tallahatchie County, MS?
A household needs about $26,875 a year to afford the typical home in Tallahatchie County, MS at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $43,074.