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Panola County Housing Market

Mississippi · 82 counties · Ranked #652 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$121,500

vs national$121,500 vs $281,900 national

Median Gross Rent

$859/mo

vs national$859 vs $1,163 national

Effective Tax Rate

0.77%

vs national0.77% vs 1.02% national

Median Household Income

$43,990

vs national$43,990 vs $74,755 national

Affordability Ratio

2.8x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

32.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$935

Tax as % of Home Value

0.77%

Monthly Owner Cost

$637

Renter Income

$27,690

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Mortgage

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Panola County?

The median home value in Panola County is $121,500. This is below the national median of $281,900.

How much is rent in Panola County?

The median gross rent in Panola County is $859 per month.

What is the property tax rate in Panola County?

The effective property tax rate in Panola County is 0.77%. The median annual property tax bill is $935.

Is Panola County affordable?

With a home-value-to-income ratio of 2.8x, Panola County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.