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Nicholson

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

Median Home$106,829
Median Rent$860/month
Population2,749
Leading IndustriesProfessional Services · Healthcare · Arts, Food & Hospitality4% professional services
Home Value Growth⬆⬆⬆+26.4% over 2 years
Young Adults36% of residentstop 5% nationally
Homeowners59% of occupied units
Nicholson
MS

Frequently Asked Questions

What are today's mortgage rates in Nicholson?

As of today, the 30-year fixed mortgage rate for Nicholson is approximately 6.907% (6.943% 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 Nicholson?

The median home value in Nicholson is $107k. The median monthly rent is $860. Annual property taxes average $951. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Nicholson?

Home values in Nicholson have increased 26.4% 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 Nicholson?

Based on a typical all-in ownership cost of $788/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Nicholson is $41k/year.

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What industries drive the economy in Nicholson?

The largest employment sectors in Nicholson are public administration (23%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.