Why does down payment vary across Mississippi?

Home prices vary widely; a 12% down payment scales with the local median. Owner financing often accepts less.

Yes, owner-finance deals commonly land in the 10-20% range. Conventional underwriting usually wants 20% to avoid PMI.

Can I find lower-down options?

Browse low-down-payment homes by city, many owner-finance and lease-option deals sit under 10%.

Buyer authority MS

Estimated owner-finance down payment by city in Mississippi.

Down payments scale with home prices but flex by financing type. This ranks Mississippi cities by an estimated typical down payment on an owner-financed or low-down deal (12% of estimated median home value). This is a modeled directional comparison, not a survey of actual closings.

Last updated September 2026

Mississippi ranking

50 cities ranked. Click any row for the matching local page.

#	City	Est. typical down payment	Score
1	Madison	$29,600	76	View →
2	Brandon	$24,500	82	View →
3	Ocean Springs	$23,900	82	View →
4	Olive Branch	$23,500	83	View →
5	Hernando	$23,300	83	View →
6	Southaven	$22,400	84	View →
7	Clinton	$22,000	84	View →
8	Ridgeland	$21,200	85	View →
9	Terry	$19,400	87	View →
10	Diamondhead	$19,900	87	View →
11	Oxford	$18,400	88	View →
12	Raymond	$18,800	88	View →
13	Hattiesburg	$17,600	89	View →
14	Long Beach	$17,600	89	View →
15	Pass Christian	$17,900	89	View →
16	Vicksburg	$17,300	90	View →
17	Tupelo	$17,200	90	View →
18	Lucedale	$16,700	90	View →
19	Petal	$16,900	90	View →
20	Florence	$16,800	90	View →
21	Vancleave	$17,400	90	View →
22	Carriere	$16,600	90	View →
23	Byram	$17,400	90	View →
24	Saltillo	$17,000	90	View →
25	Jackson	$15,700	91	View →
26	Meridian	$16,000	91	View →
27	Biloxi	$16,000	91	View →
28	Laurel	$15,800	91	View →
29	Moss Point	$16,300	91	View →
30	Pearl	$16,100	91	View →
31	Canton	$16,100	91	View →
32	Senatobia	$16,400	91	View →
33	Purvis	$16,200	91	View →
34	Perkinston	$16,000	91	View →
35	Gulfport	$15,400	92	View →
36	Columbus	$15,200	92	View →
37	Starkville	$15,200	92	View →
38	Picayune	$14,900	92	View →
39	Horn Lake	$15,200	92	View →
40	Philadelphia	$14,900	92	View →
41	Pascagoula	$15,100	92	View →
42	Grenada	$15,400	92	View →
43	Gautier	$15,100	92	View →
44	Batesville	$15,200	92	View →
45	Summit	$15,200	92	View →
46	Magee	$14,900	92	View →
47	Sumrall	$15,000	92	View →
48	Diberville	$15,100	92	View →
49	Kiln	$15,600	92	View →
50	Greenville	$13,900	93	View →

Methodology

Estimated down = 12% of estimated median home value (representative of owner-financed and low-down deals). Conventional loans typically require 20%; FHA can be 3.5%. Use as a directional comparison.

FAQ

Why does down payment vary across Mississippi?: Home prices vary widely; a 12% down payment scales with the local median. Owner financing often accepts less.
Is 12% realistic?: Yes, owner-finance deals commonly land in the 10-20% range. Conventional underwriting usually wants 20% to avoid PMI.
Can I find lower-down options?: Browse low-down-payment homes by city, many owner-finance and lease-option deals sit under 10%.