Market Overview
Home Prices in Kilmichael, MS
The median home value in Kilmichael, MS is $121,671 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 11.7% compared to a year ago and up 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Kilmichael are priced70% below average.
Over the past five years, Kilmichael home values have fallen by approximately2.7%, reflecting softening conditions in this market.
Price History
Kilmichael Home Price Trend
2020
$103,634
$104K
—
2021
$125,013
$125K
+20.6%
2022
$135,631
$136K
+8.5%
2023
$137,672
$138K
+1.5%
2024
$135,372
$135K
-1.7%
2025
$137,808
$138K
+1.8%
2026
$121,671
$122K
-11.7%
City Comparison
Kilmichael vs. National Median
🏠 Kilmichael
$121,671
National Median
$410,000
At $121,671, homes in Kilmichael cost 70% below the national median of $410,000. This makes Kilmichael a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Kilmichael?
20% Down Payment
$24,334
on $121,671
Monthly P&I
$635/mo
30-yr @ 6.8%
Total Monthly Est.
~$806/mo
incl. taxes & insurance
Income Needed
$32,240
gross annual (30% rule)
10% Down Option
$12,167
+ PMI applies
Loan Amount (20% dn)
$97,337
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 Kilmichael, MS?
The median home value in Kilmichael is $121,671 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 11.7% year-over-year.
How much have home prices changed in Kilmichael?
Over the past year, home values in Kilmichael have decreased by 11.7%. Over five years, prices have fallen approximately 2.7%.
How much do I need to earn to buy a home in Kilmichael?
To comfortably afford the median home price of $121,671 with a 20% down payment ($24,334) at today's rates (6.8%), you'd need a gross annual income of approximately $32,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Kilmichael compare to the national average home price?
The national median home value is approximately $410,000. At $121,671, homes in Kilmichael are 70% below the national average.