Market Overview
Home Prices in Shaw, MS
The median home value in Shaw, MS is $93,545 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 17.8% compared to a year ago and down 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Shaw are priced77% below average. Shaw is part of the Cleveland, MS metro area.
Over the past five years, Shaw home values have fallen by approximately25.0%, reflecting softening conditions in this market.
Price History
Shaw Home Price Trend
2020
$140,646
$141K
—
2021
$124,672
$125K
-11.4%
2022
$123,660
$124K
-0.8%
2023
$116,745
$117K
-5.6%
2024
$116,524
$117K
-0.2%
2025
$113,822
$114K
-2.3%
2026
$93,545
$94K
-17.8%
City Comparison
Shaw vs. National Median
🏠 Shaw
$93,545
National Median
$410,000
At $93,545, homes in Shaw cost 77% below the national median of $410,000. This makes Shaw a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Shaw?
20% Down Payment
$18,709
on $93,545
Monthly P&I
$488/mo
30-yr @ 6.8%
Total Monthly Est.
~$620/mo
incl. taxes & insurance
Income Needed
$24,800
gross annual (30% rule)
10% Down Option
$9,355
+ PMI applies
Loan Amount (20% dn)
$74,836
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 Shaw, MS?
The median home value in Shaw is $93,545 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 17.8% year-over-year.
How much have home prices changed in Shaw?
Over the past year, home values in Shaw have decreased by 17.8%. Over five years, prices have fallen approximately 25.0%.
How much do I need to earn to buy a home in Shaw?
To comfortably afford the median home price of $93,545 with a 20% down payment ($18,709) at today's rates (6.8%), you'd need a gross annual income of approximately $24,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Shaw compare to the national average home price?
The national median home value is approximately $410,000. At $93,545, homes in Shaw are 77% below the national average.
What metro area is Shaw part of?
Shaw is part of the Cleveland, MS metropolitan area. Home prices and market conditions can vary across the broader metro region.