Market Overview
Home Prices in Fayette, MS
The median home value in Fayette, MS is $80,183 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 24% compared to a year ago and down 5.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fayette are priced80% below average.
Over the past five years, Fayette home values have fallen by approximately37.9%, reflecting softening conditions in this market.
Price History
Fayette Home Price Trend
2020
$107,922
$108K
—
2021
$129,104
$129K
+19.6%
2022
$144,925
$145K
+12.3%
2023
$115,010
$115K
-20.6%
2024
$111,799
$112K
-2.8%
2025
$105,478
$105K
-5.7%
2026
$80,183
$80K
-24.0%
City Comparison
Fayette vs. National Median
🏠 Fayette
$80,183
National Median
$410,000
At $80,183, homes in Fayette cost 80% below the national median of $410,000. This makes Fayette a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fayette?
20% Down Payment
$16,037
on $80,183
Monthly P&I
$418/mo
30-yr @ 6.8%
Total Monthly Est.
~$531/mo
incl. taxes & insurance
Income Needed
$21,240
gross annual (30% rule)
10% Down Option
$8,018
+ PMI applies
Loan Amount (20% dn)
$64,146
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 Fayette, MS?
The median home value in Fayette is $80,183 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 24% year-over-year.
How much have home prices changed in Fayette?
Over the past year, home values in Fayette have decreased by 24%. Over five years, prices have fallen approximately 37.9%.
How much do I need to earn to buy a home in Fayette?
To comfortably afford the median home price of $80,183 with a 20% down payment ($16,037) at today's rates (6.8%), you'd need a gross annual income of approximately $21,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Fayette compare to the national average home price?
The national median home value is approximately $410,000. At $80,183, homes in Fayette are 80% below the national average.