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Grace

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

Median Home$110,800
Median Rent$339/month
Population53
Leading IndustriesManufacturing · Agriculture & Mining · Construction8% manufacturing
Family-Friendly25% of residentsslightly above average
Homeowners65% of occupied units
NotableAffordable Market$111k median home · lower cost than 88% of the country
Grace
MS

Frequently Asked Questions

What are today's mortgage rates in Grace?

As of today, the 30-year fixed mortgage rate for Grace is approximately 6.975% (7.014% 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 Grace?

The median home value in Grace is $111k. The median monthly rent is $339. Home values are based on U.S. Census Bureau American Community Survey estimates.

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

Based on a typical all-in ownership cost of $467/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $20k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Grace is $31k/year.

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What industries drive the economy in Grace?

The largest employment sectors in Grace are public administration (22%) and agriculture and mining (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.