Market Overview
Home Prices in Picayune, MS
The median home value in Picayune, MS is $199,128 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.2% compared to a year ago and down 0.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Picayune are priced51% below average. Picayune is part of the Picayune, MS metro area.
Over the past five years, Picayune home values have risen by approximately24.1%, reflecting strong long-term appreciation in this market.
Price History
Picayune Home Price Trend
City Comparison
Picayune vs. National Median
At $199,128, homes in Picayune cost 51% below the national median of $410,000. This makes Picayune a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Picayune?
20% Down Payment
$39,826
on $199,128
Monthly P&I
$1,039/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,320/mo
incl. taxes & insurance
Income Needed
$52,800
gross annual (30% rule)
10% Down Option
$19,913
+ PMI applies
Loan Amount (20% dn)
$159,302
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 Picayune, MS?
The median home value in Picayune is $199,128 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.2% year-over-year.
How much have home prices changed in Picayune?
Over the past year, home values in Picayune have increased by 3.2%. Over five years, prices have risen approximately 24.1%.
How much do I need to earn to buy a home in Picayune?
To comfortably afford the median home price of $199,128 with a 20% down payment ($39,826) at today's rates (6.8%), you'd need a gross annual income of approximately $52,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Picayune compare to the national average home price?
The national median home value is approximately $410,000. At $199,128, homes in Picayune are 51% below the national average.
What metro area is Picayune part of?
Picayune is part of the Picayune, MS metropolitan area. Home prices and market conditions can vary across the broader metro region.