Market Overview
Home Prices in Pheba, MS
The median home value in Pheba, MS is $189,389 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.4% compared to a year ago and up 3.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Pheba are priced54% below average. Pheba is part of the West Point, MS metro area.
Over the past five years, Pheba home values have risen by approximately13.1%, reflecting steady appreciation in this market.
Price History
Pheba Home Price Trend
2021
$167,489
$167K
—
2022
$181,823
$182K
+8.6%
2023
$176,361
$176K
-3.0%
2024
$181,878
$182K
+3.1%
2025
$188,614
$189K
+3.7%
2026
$189,389
$189K
+0.4%
City Comparison
Pheba vs. National Median
🏠 Pheba
$189,389
National Median
$410,000
At $189,389, homes in Pheba cost 54% below the national median of $410,000. This makes Pheba a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Pheba?
20% Down Payment
$37,878
on $189,389
Monthly P&I
$988/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,255/mo
incl. taxes & insurance
Income Needed
$50,200
gross annual (30% rule)
10% Down Option
$18,939
+ PMI applies
Loan Amount (20% dn)
$151,511
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 Pheba, MS?
The median home value in Pheba is $189,389 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.4% year-over-year.
How much have home prices changed in Pheba?
Over the past year, home values in Pheba have increased by 0.4%. Over five years, prices have risen approximately 13.1%.
How much do I need to earn to buy a home in Pheba?
To comfortably afford the median home price of $189,389 with a 20% down payment ($37,878) at today's rates (6.8%), you'd need a gross annual income of approximately $50,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Pheba compare to the national average home price?
The national median home value is approximately $410,000. At $189,389, homes in Pheba are 54% below the national average.
What metro area is Pheba part of?
Pheba is part of the West Point, MS metropolitan area. Home prices and market conditions can vary across the broader metro region.