Housing in Marks

A typical Marks home is worth roughly $97,000

Typical home value

$97K

MS $198K

Estimate

2-bedroom rent

$900

a month, utilities in · HUD

Median tax bill

$1,478

MS $1,215

What kind of housing town is Marks?

Read from the numbers below. The page puts what stands out first.

Your money goes further51% below the Mississippi typical home.A high tax rateAbout 1.53% of a home’s value a year, vs 0.72% across Mississippi.

★ What stands out · Affordability

A typical home costs 3 years of income

Less than across Mississippi (3.5 years). Try your own numbers below.

You could afford about

$115,000

Typical Marks home $97K

That covers a typical Marks home, with $18K to spare.

The typical home, each month

$630

Loan $480Tax $120Insurance $30

A two-bedroom rents for about $900 a month here, $270 more than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Marks’s typical property tax (1.53% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $900

Renters already here pay a median of $876.

Fair Market Rent a month, utilities included

Studio$750

1 bedroom$750

2 bedrooms$900

3 bedrooms$1,260

4 bedrooms$1,520

34%

of households rent · MS 30%

141

renter households

46%

of renters spend 30%+ of income on rent · MS 51%

34%

of the median income, for a two-bedroom

$876

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Panola County, MS): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

66% of Marks households own their home

Half of Marks’s homes were built before 1961.

Owners and renters

Own 66%Rent 34%

Mississippi: 70% own.

1961

typical home built · MS 1986

$1,478

median property tax bill · MS $1,215

1.53%

of a home’s value, a year in tax · MS 0.72%

U.S. Census Bureau, American Community Survey 2020-2024.

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What Marks buyers, sellers and renters are saying.

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Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.