Market Overview
Home Prices in Alligator, MS
The median home value in Alligator, MS is $86,789 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 15.9% compared to a year ago and up 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Alligator are priced79% below average. Alligator is part of the Clarksdale, MS metro area.
Over the past five years, Alligator home values have fallen by approximately33.1%, reflecting softening conditions in this market.
Price History
Alligator Home Price Trend
City Comparison
Alligator vs. National Median
At $86,789, homes in Alligator cost 79% below the national median of $410,000. This makes Alligator a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Alligator?
20% Down Payment
$17,358
on $86,789
Monthly P&I
$453/mo
30-yr @ 6.8%
Total Monthly Est.
~$575/mo
incl. taxes & insurance
Income Needed
$23,000
gross annual (30% rule)
10% Down Option
$8,679
+ PMI applies
Loan Amount (20% dn)
$69,431
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Alligator, MS?
The median home value in Alligator is $86,789 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 15.9% year-over-year.
How much have home prices changed in Alligator?
Over the past year, home values in Alligator have decreased by 15.9%. Over five years, prices have fallen approximately 33.1%.
How much do I need to earn to buy a home in Alligator?
To comfortably afford the median home price of $86,789 with a 20% down payment ($17,358) at today's rates (6.8%), you'd need a gross annual income of approximately $23,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Alligator compare to the national average home price?
The national median home value is approximately $410,000. At $86,789, homes in Alligator are 79% below the national average.
What metro area is Alligator part of?
Alligator is part of the Clarksdale, MS metropolitan area. Home prices and market conditions can vary across the broader metro region.