Quick facts: Mendenhall, MS

Quick Facts

92.7
Cost of Living
below US average
2,148
Population
8.85
Crime Rate per 1000
below US average
$35,956
Median Income
below US average
$199,000
Median House Price
above US average
$1309
Average Rent
below US average
20%
Poverty Rate
above US average
5.5%
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 $35,956.

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Income Needed to Buy

βœ— Stretch
$62k/year
Based on $199,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $62k vs median $35,956
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Income Needed to Rent

⚠ Stretch
$56k/year
Based on $1309/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $56k vs median $35,956
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Mendenhall, MS

Mendenhall, Mississippi, is a small town located in Simpson County, with a rich Southern charm and community spirit. Known for its warm hospitality, Mendenhall serves as a hub for local farming and agriculture, showcasing the quintessential rural lifestyle of the Deep South. The town is conveniently situated along U.S. Route 49, making it easily accessible for visitors. Outdoor enthusiasts can explore nearby attractions like Lake Hazlehurst and the local parks that offer recreational activities such as fishing and hiking. Mendenhall's close-knit community offers events throughout the year, fostering a vibrant local culture. The town features various local businesses, shops, and restaurants where you can savor Southern cuisine and experience local craftsmanship. Mendenhall is part of the Jackson Metropolitan Statistical Area, allowing residents to access larger city amenities, including shopping and entertainment, while enjoying the tranquility of small-town life. With its rich history and community-focused atmosphere, Mendenhall is a charming place for residents and visitors alike.

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