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📍 Schlater, MS · Zillow ZHVI · July 2026

Average Home Price in
Schlater, MS

Greenwood, MS metro area · Leflore County County

Median Home Value
$122,848
↓ 8.9% year-over-year
vs. National Median
$410,000
Schlater is 70% below
Est. Monthly Payment
$641/mo
20% down · 6.8% rate
Income Needed
$33K
gross annual (30% rule)
Median Home Value
$122,848
↓ 8.9% year-over-year
Down Payment (20%)$24,570
Monthly P&I$641/mo
With Taxes & Ins.~$814/mo
Income Needed$32,560/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Schlater, MS

The median home value in Schlater, MS is $122,848 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 8.9% compared to a year ago and down 1.3% from two years prior.

Compared to the U.S. national median of $410,000, homes in Schlater are priced70% below average. Schlater is part of the Greenwood, MS metro area.

City Comparison

Schlater vs. National Median

🏠 Schlater
$122,848
National Median
$410,000

At $122,848, homes in Schlater cost 70% below the national median of $410,000. This makes Schlater a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Schlater?

20% Down Payment
$24,570
on $122,848
Monthly P&I
$641/mo
30-yr @ 6.8%
Total Monthly Est.
~$814/mo
incl. taxes & insurance
Income Needed
$32,560
gross annual (30% rule)
10% Down Option
$12,285
+ PMI applies
Loan Amount (20% dn)
$98,278
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 Schlater, MS?
The median home value in Schlater is $122,848 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 8.9% year-over-year.
How much have home prices changed in Schlater?
Over the past year, home values in Schlater have decreased by 8.9%.
How much do I need to earn to buy a home in Schlater?
To comfortably afford the median home price of $122,848 with a 20% down payment ($24,570) at today's rates (6.8%), you'd need a gross annual income of approximately $32,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Schlater compare to the national average home price?
The national median home value is approximately $410,000. At $122,848, homes in Schlater are 70% below the national average.
What metro area is Schlater part of?
Schlater is part of the Greenwood, MS metropolitan area. Home prices and market conditions can vary across the broader metro region.