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Bobo

Learn about the people, housing, costs and businesses in Bobo, Mississippi

Median Home$182,800
Median Rent$817/month
Population115
Leading IndustryHealthcare12% of local workforce
Home Value Growth+1.0% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners82% of occupied units
NotableHigh Incomes$88k/year · top 27% nationally
Bobo
MS

Frequently Asked Questions

What are today's mortgage rates in Bobo?

As of today, the 30-year fixed mortgage rate for Bobo is approximately 6.992% (7.035% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Bobo?

The median home value in Bobo is $183k. The median monthly rent is $817. Annual property taxes average $985. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bobo?

Home values in Bobo have increased 1.0% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Bobo?

Based on a typical all-in ownership cost of $855/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bobo is $88k/year.

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What industries drive the economy in Bobo?

The largest employment sectors in Bobo are public administration (25%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.