30 Year Fixed
- 3.41 %
15 Year Fixed
- 2.84 %
1-Year ARM
- 4.06 %
5/1 ARM
- 2.81 %
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Guide to Mississippi Mortgages

Mississippi

Mississippi is located in the Deep South of the United States and is the 32th largest state in the United States by area. This state is named after the powerful Mississippi river which borders along the western boundary

The state’s total population is around 2,918,785 which make it the 31st most populated state in the nation with a median household income of $34,473. Its demographics are as follows; 61.72% White American; 37.24% African American; 0.72% American Indian; 0.91% Asian American; 0.07% Mixed. The economy for this state is incredibly diverse with the Mississippi gross state product estimated at $84 billion. The per capita income is $26,908 making it the lowest in the country.

The largest city in the state of Mississippi is Jackson, with the population estimated at 175,710. Gulfport is the next largest city with 66,271 and then Hattiesburg, Mississippi with 50,233.

The great state of Mississippi has a humid subtropical climate. This form of climate brings long, hot summers and short, Mild winters with temperatures averaging about 82 degrees midsummer and 48 degrees mid winter. The state suffers from seasonal flooding from December to June due to the Mississippi River rising to fill the Mississippi Delta area and local tributaries.

 

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Mississippi Housing Statistics
MississippiUSA
Total Housing1,161,953121,699,874
Total Urban566,07194,464,240
Total Rural595,88227,235,633
Occupied1,046,434110,754,106
Vacant115,51910,945,767
Owner Occupied756,96773,306,541
Renter Occupied289,46737,447,565
Vacant for Rent29,4862,745,385
Vacant for Sale12,4561,264,534
 
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