Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Mendenhall

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

Median Home$129,472
Median Rent$844/month
Population2,093
Leading IndustriesManufacturing · Public Administration · Agriculture & Mining4% manufacturing
Home Value Growth⬆⬆+15.6% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners72% of occupied units
NotableAffordable Market$129k median home · lower cost than 81% of the country
Mendenhall
MS

Frequently Asked Questions

What are today's mortgage rates in Mendenhall?

As of today, the 30-year fixed mortgage rate for Mendenhall is approximately 7.050% (7.091% 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 Mendenhall
What is the median home price in Mendenhall?

The median home value in Mendenhall is $129k. The median monthly rent is $844. Annual property taxes average $767. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mendenhall?

Home values in Mendenhall have increased 15.6% 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 Mendenhall?

Based on a typical all-in ownership cost of $571/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mendenhall is $38k/year.

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

The largest employment sectors in Mendenhall are public administration (27%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.