Market Overview
Home Prices in Grenada, MS
The median home value in Grenada, MS is $133,061 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.3% compared to a year ago and up 5.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grenada are priced68% below average. Grenada is part of the Grenada, MS metro area.
Over the past five years, Grenada home values have risen by approximately11.5%, reflecting steady appreciation in this market.
Price History
Grenada Home Price Trend
2020
$104,903
$105K
—
2021
$119,307
$119K
+13.7%
2022
$128,876
$129K
+8.0%
2023
$124,657
$125K
-3.3%
2024
$126,006
$126K
+1.1%
2025
$132,606
$133K
+5.2%
2026
$133,061
$133K
+0.3%
City Comparison
Grenada vs. National Median
🏠 Grenada
$133,061
National Median
$410,000
At $133,061, homes in Grenada cost 68% below the national median of $410,000. This makes Grenada a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Grenada?
20% Down Payment
$26,612
on $133,061
Monthly P&I
$694/mo
30-yr @ 6.8%
Total Monthly Est.
~$881/mo
incl. taxes & insurance
Income Needed
$35,240
gross annual (30% rule)
10% Down Option
$13,306
+ PMI applies
Loan Amount (20% dn)
$106,449
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 Grenada, MS?
The median home value in Grenada is $133,061 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.3% year-over-year.
How much have home prices changed in Grenada?
Over the past year, home values in Grenada have increased by 0.3%. Over five years, prices have risen approximately 11.5%.
How much do I need to earn to buy a home in Grenada?
To comfortably afford the median home price of $133,061 with a 20% down payment ($26,612) at today's rates (6.8%), you'd need a gross annual income of approximately $35,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Grenada compare to the national average home price?
The national median home value is approximately $410,000. At $133,061, homes in Grenada are 68% below the national average.
What metro area is Grenada part of?
Grenada is part of the Grenada, MS metropolitan area. Home prices and market conditions can vary across the broader metro region.