Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Fayette

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

Median Home$96,152
Median Rent$730/month
Population1,220
Leading IndustriesInformation & Media · Finance & Insurance · Professional Services11% information & media
Family-Friendly29% of residentswell above average
Homeowners76% of occupied units
NotableAffordable Market$96k median home · lower cost than 93% of the country
Fayette
MS

Frequently Asked Questions

What are today's mortgage rates in Fayette?

As of today, the 30-year fixed mortgage rate for Fayette is approximately 7.043% (7.084% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Fayette
What is the median home price in Fayette?

The median home value in Fayette is $96k. The median monthly rent is $730. Annual property taxes average $779. Home values are based on U.S. Census Bureau American Community Survey estimates.

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

Based on a typical all-in ownership cost of $684/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fayette is $43k/year.

Calculate your buying power
What industries drive the economy in Fayette?

The largest employment sectors in Fayette are public administration (23%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.