Market Overview
Home Prices in Neely, MS
The median home value in Neely, MS is $170,304 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 20.1% compared to a year ago and down 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Neely are priced58% below average.
Over the past five years, Neely home values have risen by approximately24.2%, reflecting strong long-term appreciation in this market.
Price History
Neely Home Price Trend
2020
$118,876
$119K
—
2021
$137,066
$137K
+15.3%
2022
$147,446
$147K
+7.6%
2023
$146,326
$146K
-0.8%
2024
$144,096
$144K
-1.5%
2025
$141,797
$142K
-1.6%
2026
$170,304
$170K
+20.1%
City Comparison
Neely vs. National Median
🏠 Neely
$170,304
National Median
$410,000
At $170,304, homes in Neely cost 58% below the national median of $410,000. This makes Neely a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Neely?
20% Down Payment
$34,061
on $170,304
Monthly P&I
$888/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,128/mo
incl. taxes & insurance
Income Needed
$45,120
gross annual (30% rule)
10% Down Option
$17,030
+ PMI applies
Loan Amount (20% dn)
$136,243
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 Neely, MS?
The median home value in Neely is $170,304 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 20.1% year-over-year.
How much have home prices changed in Neely?
Over the past year, home values in Neely have increased by 20.1%. Over five years, prices have risen approximately 24.2%.
How much do I need to earn to buy a home in Neely?
To comfortably afford the median home price of $170,304 with a 20% down payment ($34,061) at today's rates (6.8%), you'd need a gross annual income of approximately $45,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Neely compare to the national average home price?
The national median home value is approximately $410,000. At $170,304, homes in Neely are 58% below the national average.