Market Overview
Home Prices in Booneville, MS
The median home value in Booneville, MS is $150,111 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.6% compared to a year ago and down 4.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Booneville are priced63% below average. Booneville is part of the Tupelo, MS metro area.
Over the past five years, Booneville home values have risen by approximately2.3%, reflecting modest growth in this market.
Price History
Booneville Home Price Trend
City Comparison
Booneville vs. National Median
At $150,111, homes in Booneville cost 63% below the national median of $410,000. This makes Booneville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Booneville?
20% Down Payment
$30,022
on $150,111
Monthly P&I
$783/mo
30-yr @ 6.8%
Total Monthly Est.
~$994/mo
incl. taxes & insurance
Income Needed
$39,760
gross annual (30% rule)
10% Down Option
$15,011
+ PMI applies
Loan Amount (20% dn)
$120,089
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 Booneville, MS?
The median home value in Booneville is $150,111 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.6% year-over-year.
How much have home prices changed in Booneville?
Over the past year, home values in Booneville have increased by 0.6%. Over five years, prices have risen approximately 2.3%.
How much do I need to earn to buy a home in Booneville?
To comfortably afford the median home price of $150,111 with a 20% down payment ($30,022) at today's rates (6.8%), you'd need a gross annual income of approximately $39,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Booneville compare to the national average home price?
The national median home value is approximately $410,000. At $150,111, homes in Booneville are 63% below the national average.
What metro area is Booneville part of?
Booneville is part of the Tupelo, MS metropolitan area. Home prices and market conditions can vary across the broader metro region.