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Pelahatchie

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

Median Home$179,104
Median Rent$879/month
Population1,208
Leading IndustryRetail13% of local workforce
Home Value Growth⬆⬆+15.6% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners69% of occupied units
Pelahatchie
MS

Frequently Asked Questions

What are today's mortgage rates in Pelahatchie?

As of today, the 30-year fixed mortgage rate for Pelahatchie is approximately 7.024% (7.065% 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 Pelahatchie?

The median home value in Pelahatchie is $179k. The median monthly rent is $879. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pelahatchie?

Home values in Pelahatchie 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 Pelahatchie?

Based on a typical all-in ownership cost of $683/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 Pelahatchie is $61k/year.

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What industries drive the economy in Pelahatchie?

The largest employment sectors in Pelahatchie are public administration (23%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.