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Renova

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

Median Home$144,200
Median Rent$825/month
Population712
Leading IndustriesFinance & Insurance · Construction · Agriculture & Mining8% finance & insurance
Home Value Growth+10.9% over 2 years
Family-Friendly28% of residentswell above average
Homeowners72% of occupied units
NotableAffordable Market$144k median home · lower cost than 76% of the country
Renova
MS

Frequently Asked Questions

What are today's mortgage rates in Renova?

As of today, the 30-year fixed mortgage rate for Renova is approximately 6.997% (7.037% 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 Renova?

The median home value in Renova is $144k. The median monthly rent is $825. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Renova?

Home values in Renova have increased 10.9% 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 Renova?

Based on a typical all-in ownership cost of $807/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Renova is $56k/year.

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What industries drive the economy in Renova?

The largest employment sectors in Renova are public administration (18%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.