Market Overview
Home Prices in Thaxton, MS
The median home value in Thaxton, MS is $242,754 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.9% compared to a year ago and up 9.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Thaxton are priced41% below average. Thaxton is part of the Tupelo, MS metro area.
Over the past five years, Thaxton home values have risen by approximately36.9%, reflecting strong long-term appreciation in this market.
Price History
Thaxton Home Price Trend
City Comparison
Thaxton vs. National Median
At $242,754, homes in Thaxton cost 41% below the national median of $410,000. This makes Thaxton a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Thaxton?
20% Down Payment
$48,551
on $242,754
Monthly P&I
$1,266/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,608/mo
incl. taxes & insurance
Income Needed
$64,320
gross annual (30% rule)
10% Down Option
$24,275
+ PMI applies
Loan Amount (20% dn)
$194,203
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 Thaxton, MS?
The median home value in Thaxton is $242,754 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.9% year-over-year.
How much have home prices changed in Thaxton?
Over the past year, home values in Thaxton have increased by 8.9%. Over five years, prices have risen approximately 36.9%.
How much do I need to earn to buy a home in Thaxton?
To comfortably afford the median home price of $242,754 with a 20% down payment ($48,551) at today's rates (6.8%), you'd need a gross annual income of approximately $64,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Thaxton compare to the national average home price?
The national median home value is approximately $410,000. At $242,754, homes in Thaxton are 41% below the national average.
What metro area is Thaxton part of?
Thaxton is part of the Tupelo, MS metropolitan area. Home prices and market conditions can vary across the broader metro region.