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Okolona

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

Median Home$86,300
Median Rent$592/month
Population2,616
Leading IndustriesArts, Food & Hospitality · Healthcare · Retail10% arts, food & hospitality
Home Value Growth⬆⬆⬆+42.8% over 2 years
Young Adults25% of residents
Homeowners59% of occupied units
NotableAffordable Market$86k median home · lower cost than 96% of the country
NotableTransit80/100 · excellent transit access
Okolona
MS

Frequently Asked Questions

What are today's mortgage rates in Okolona?

As of today, the 30-year fixed mortgage rate for Okolona is approximately 6.849% (6.883% 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 Okolona?

The median home value in Okolona is $86k. The median monthly rent is $592. Annual property taxes average $869. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Okolona?

Home values in Okolona have increased 42.8% 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 Okolona?

Based on a typical all-in ownership cost of $522/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $22k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Okolona is $30k/year.

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What industries drive the economy in Okolona?

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