Market Overview
Home Prices in Okolona, MS
The median home value in Okolona, MS is $132,040 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.9% compared to a year ago and up 2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Okolona are priced68% below average.
Over the past five years, Okolona home values have risen by approximately12.1%, reflecting steady appreciation in this market.
Price History
Okolona Home Price Trend
2020
$102,116
$102K
—
2021
$117,835
$118K
+15.4%
2022
$132,284
$132K
+12.3%
2023
$129,781
$130K
-1.9%
2024
$131,945
$132K
+1.7%
2025
$134,647
$135K
+2.0%
2026
$132,040
$132K
-1.9%
City Comparison
Okolona vs. National Median
🏠 Okolona
$132,040
National Median
$410,000
At $132,040, homes in Okolona cost 68% below the national median of $410,000. This makes Okolona a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Okolona?
20% Down Payment
$26,408
on $132,040
Monthly P&I
$689/mo
30-yr @ 6.8%
Total Monthly Est.
~$875/mo
incl. taxes & insurance
Income Needed
$35,000
gross annual (30% rule)
10% Down Option
$13,204
+ PMI applies
Loan Amount (20% dn)
$105,632
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 Okolona, MS?
The median home value in Okolona is $132,040 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.9% year-over-year.
How much have home prices changed in Okolona?
Over the past year, home values in Okolona have decreased by 1.9%. Over five years, prices have risen approximately 12.1%.
How much do I need to earn to buy a home in Okolona?
To comfortably afford the median home price of $132,040 with a 20% down payment ($26,408) at today's rates (6.8%), you'd need a gross annual income of approximately $35,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Okolona compare to the national average home price?
The national median home value is approximately $410,000. At $132,040, homes in Okolona are 68% below the national average.