Market Overview
Home Prices in Terry, MS
The median home value in Terry, MS is $262,308 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.8% compared to a year ago and up 6.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Terry are priced36% below average. Terry is part of the Jackson, MS metro area.
Over the past five years, Terry home values have risen by approximately27.4%, reflecting strong long-term appreciation in this market.
Price History
Terry Home Price Trend
2020
$184,469
$184K
—
2021
$205,868
$206K
+11.6%
2022
$227,564
$228K
+10.5%
2023
$234,040
$234K
+2.8%
2024
$239,834
$240K
+2.5%
2025
$255,056
$255K
+6.3%
2026
$262,308
$262K
+2.8%
City Comparison
Terry vs. National Median
🏠 Terry
$262,308
National Median
$410,000
At $262,308, homes in Terry cost 36% below the national median of $410,000. This makes Terry a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Terry?
20% Down Payment
$52,462
on $262,308
Monthly P&I
$1,368/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,737/mo
incl. taxes & insurance
Income Needed
$69,480
gross annual (30% rule)
10% Down Option
$26,231
+ PMI applies
Loan Amount (20% dn)
$209,846
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 Terry, MS?
The median home value in Terry is $262,308 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.8% year-over-year.
How much have home prices changed in Terry?
Over the past year, home values in Terry have increased by 2.8%. Over five years, prices have risen approximately 27.4%.
How much do I need to earn to buy a home in Terry?
To comfortably afford the median home price of $262,308 with a 20% down payment ($52,462) at today's rates (6.8%), you'd need a gross annual income of approximately $69,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Terry compare to the national average home price?
The national median home value is approximately $410,000. At $262,308, homes in Terry are 36% below the national average.
What metro area is Terry part of?
Terry is part of the Jackson, MS metropolitan area. Home prices and market conditions can vary across the broader metro region.