Quick facts: Brookhaven, MS

Quick Facts

92.7
Cost of Living
below US average
11,608
Population
44.19
Crime Rate per 1000
above US average
$32,869
Median Income
below US average
$89,000
Median House Price
above US average
$958.33
Average Rent
below US average
20%
Poverty Rate
above US average
5.1%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $32,869.

🏠

Income Needed to Buy

βœ“ Affordable
$28k/year
Based on $89,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($32,869) exceeds requirement
🏒

Income Needed to Rent

⚠ Stretch
$41k/year
Based on $958.33/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $41k vs median $32,869
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Brookhaven, MS

Brookhaven is a charming city located in Lincoln County, Mississippi, known for its rich history and vibrant community. Nestled along the banks of the Bogue Chitto River, it boasts a picturesque landscape marked by lush greenery and scenic views. The city's historical roots date back to the 19th century, with several preserved buildings and sites that showcase its heritage. Brookhaven has a thriving downtown area featuring local shops, restaurants, and cultural attractions. The Mississippi School of the Arts, a prominent institution, fosters creative talent and adds to the city's cultural tapestry. Outdoor enthusiasts can enjoy nearby parks and recreational areas, including Lake Lincoln State Park, offering activities like fishing, hiking, and picnicking. The city hosts several annual events, including the Brookhaven Ole Brook Festival, celebrating local crafts, food, and music, which fosters a strong sense of community. Overall, Brookhaven is characterized by its friendly atmosphere, making it an appealing destination for residents and visitors alike.

πŸ” Search & Compare Places

First Location πŸ“