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Magee

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

Median Home$145,169
Median Rent$776/month
Population3,640
Leading IndustriesPublic Administration · Professional Services · Arts, Food & Hospitality29% public administration
Home Value Growth⬆⬆+15.7% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners55% of occupied units
NotableHighly Educated24% bachelor's · 12% graduate · top 21% nationally
NotableAffordable Market$145k median home · lower cost than 76% of the country
Magee
MS

Frequently Asked Questions

What are today's mortgage rates in Magee?

As of today, the 30-year fixed mortgage rate for Magee is approximately 6.944% (6.982% 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 Magee?

The median home value in Magee is $145k. The median monthly rent is $776. Annual property taxes average $891. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Magee?

Home values in Magee have increased 15.7% over the past two years. This indicates a strong appreciation trend. 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 Magee?

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 Magee is $45k/year.

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What industries drive the economy in Magee?

The largest employment sectors in Magee are public administration (29%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.