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Grenada

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

Median Home$118,132
Median Rent$746/month
Population12,896
Leading IndustriesProfessional Services · Retail3% professional services
Home Value Growth+6.4% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners57% of occupied units
NotableAffordable Market$118k median home · lower cost than 85% of the country
Grenada
MS

Frequently Asked Questions

What are today's mortgage rates in Grenada?

As of today, the 30-year fixed mortgage rate for Grenada is approximately 6.961% (7.002% 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 Grenada?

The median home value in Grenada is $118k. The median monthly rent is $746. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Grenada?

Home values in Grenada have increased 6.4% over the past two years. This represents moderate growth. 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 Grenada?

Based on a typical all-in ownership cost of $723/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Grenada is $42k/year.

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What industries drive the economy in Grenada?

The largest employment sectors in Grenada are public administration (22%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.