Compare Tupelo, MS mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Tupelo.
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January 19, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Tupelo. Understand how much you need to earn to afford a home in Tupelo, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Tupelo fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Tupelo is right for you.
The median home value for Tupelo, MS (Lee County) is $171,363
Based on current mortgage rates and a 10% down payment, you need to make $28,077 per year to buy the median priced home in Tupelo
With this income, you could qualify for a $154,227 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Tupelo is $650
The median household income for Tupelo, MS (Lee County) is $53,736
Based on this income, you can afford a home valued at approximately $327,964
The home price you can afford to buy based on household income in Tupelo is 191% of the median home value which means housing prices are average. Tupelo (Lee County) ranks 66 out of 82 counties in Mississippi and 1,908 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Tupelo, MS is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Tupelo (Lee County) below.
Conforming loan limits for Tupelo, MS
FHA loan limits for Tupelo, MS