Market Overview
Home Prices in Gore Springs, MS
The median home value in Gore Springs, MS is $115,329 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 6.2% compared to a year ago and up 1.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gore Springs are priced72% below average. Gore Springs is part of the Grenada, MS metro area.
Over the past five years, Gore Springs home values have fallen by approximately5.1%, reflecting softening conditions in this market.
Price History
Gore Springs Home Price Trend
City Comparison
Gore Springs vs. National Median
At $115,329, homes in Gore Springs cost 72% below the national median of $410,000. This makes Gore Springs a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gore Springs?
20% Down Payment
$23,066
on $115,329
Monthly P&I
$601/mo
30-yr @ 6.8%
Total Monthly Est.
~$763/mo
incl. taxes & insurance
Income Needed
$30,520
gross annual (30% rule)
10% Down Option
$11,533
+ PMI applies
Loan Amount (20% dn)
$92,263
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 Gore Springs, MS?
The median home value in Gore Springs is $115,329 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 6.2% year-over-year.
How much have home prices changed in Gore Springs?
Over the past year, home values in Gore Springs have decreased by 6.2%. Over five years, prices have fallen approximately 5.1%.
How much do I need to earn to buy a home in Gore Springs?
To comfortably afford the median home price of $115,329 with a 20% down payment ($23,066) at today's rates (6.8%), you'd need a gross annual income of approximately $30,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Gore Springs compare to the national average home price?
The national median home value is approximately $410,000. At $115,329, homes in Gore Springs are 72% below the national average.
What metro area is Gore Springs part of?
Gore Springs is part of the Grenada, MS metropolitan area. Home prices and market conditions can vary across the broader metro region.