Photo: Fredlyfish4 · CC BY-SA 4.0Measured against area pay, Grenada costs more to live in than 64% of U.S. towns
It ranks #72 of 99 in Mississippi for affordability. Down 4.5% in a year, 32% below the Mississippi typical home.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of the Grenada, MS micro area ($47K). How TownRatings grades cost of living
Only 3 sales in September 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
The grade compares costs with what households across the Grenada-area micro earn ($47K, Census 2020–24). Even so, the typical home costs 3.1 years of area income, and 52% of renters pay 30% or more of income for housing.
In dollars
- $133Ktypical home, 32% below the Mississippi typical homeZillow, September 2026
- $920a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
In paychecks the grade
- 3.1 yrsof area income buys the typical home; the typical U.S. town: 3.3$47K, Grenada-area income
- 21%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 52%of renters pay 30%+ of income for housing; across Mississippi: 51%Census 2020–24
- 18%of owners do; the typical U.S. town: 20%Census 2020–24
What Grenada’s housing numbers say
Slipping while Mississippi rises
Over the past year the typical Grenada home lost 4.5%, while the Mississippi typical home gained 2.2%. Price trend ↓
Owning can cost less than renting
With 20% down at the calculator’s rate, the typical Grenada home runs about $800 a month with tax and insurance. A two-bedroom rents for about $920. Can I afford it? ↓
Very little new building
Grenada permitted 75 new homes over the past 10 years, about 0.6 a year per 1,000 residents. Across Mississippi, the pace in 2025 was 4. In 2025, Grenada permitted 54. New homes ↓
A high property tax rate
Owners pay about 0.96% of a home’s value a year in property tax, against 0.72% across Mississippi. The median bill is $1,398 (Mississippi: $1,215). On the typical home, that’s about $110 a month. Property taxes ↓
Fewer people, more homes
Between the 2010 and 2020 censuses, Grenada lost 392 residents while 92 new homes were permitted. New homes ↓
Written from the data on this page. Home values are the Zillow Home Value Index, through September 2026; permits are Census figures through 2025; incomes, rents paid, taxes and ownership come from the Census American Community Survey.
What’s behind Grenada’s grade
Measured against what households in the area earn, Grenada is more affordable than 36% of U.S. towns, #72 of 99 in Mississippi. The share of households paying 30%+ for housing pulls the grade down most; property tax holds it up.
Values have lagged Mississippi: the typical Grenada home is up 3.3% in five years, against 11.3% statewide (Zillow).
Down 4.5% in a year
Slower than Mississippi (2.2%).
Show as a table
| January | Grenada | Mississippi |
|---|---|---|
| 2017 | $95,000 | $136,000 |
| 2018 | $94,000 | $138,000 |
| 2019 | $96,000 | $142,000 |
| 2020 | $107,000 | $148,000 |
| 2021 | $116,000 | $160,000 |
| 2022 | $136,000 | $183,000 |
| 2023 | $127,000 | $186,000 |
| 2024 | $127,000 | $186,000 |
| 2025 | $129,000 | $192,000 |
| 2026 | $135,000 | $192,000 |
| September 2026 | $133,000 | $195,000 |
A typical Grenada home worth $96K in October 2016 is worth about $133K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through September 2026.
A year’s rent takes 21% of area income
The calculator starts from the area income the grade uses. Switch to Grenada’s own median, or type yours.
That covers a typical Grenada home, with $48K to spare.
A two-bedroom rents for about $920 a month here, $120 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Grenada’s typical property tax (0.96% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $920
Renters already here pay a median of $802, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Carroll County, MS): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
54 new homes permitted in 2025
Builders were permitted 54 new homes in Grenada in 2025, all in buildings with two or more homes, worth about $7.9 million to build. That's 4.4 per 1,000 residents, about the pace of Mississippi as a whole. Over the past 10 years, Grenada has permitted 75 homes in all.
Between the 2010 and 2020 censuses, Grenada's population fell by 392 even though 92 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 22 | 2 | 20 | $3.2 million |
| 2025 | 54 | 0 | 54 | $7.9 million |
| 2024 | 5 | 5 | 0 | $771,000 |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 2 | 2 | 0 | $400,000 |
| 2021 | 2 | 2 | 0 | $400,000 |
| 2020 | 2 | 2 | 0 | $400,000 |
| 2019 | 2 | 2 | 0 | $400,000 |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 8 | 8 | 0 | $1.3 million |
| 2015 | 7 | 7 | 0 | $1.2 million |
| 2014 | 14 | 14 | 0 | $2 million |
| 2013 | 15 | 15 | 0 | $2.1 million |
| 2012 | 17 | 17 | 0 | $2.2 million |
| 2011 | 16 | 16 | 0 | $1.8 million |
| 2010 | 13 | 13 | 0 | $1.6 million |
| 2009 | 8 | 6 | 2 | $870,000 |
| 2008 | 17 | 17 | 0 | $1.9 million |
| 2007 | 102 | 96 | 6 | $14.3 million |
| 2006 | 49 | 41 | 8 | $5.3 million |
| 2005 | 29 | 29 | 0 | $3 million |
| 2004 | 36 | 36 | 0 | $3.2 million |
| 2003 | 20 | 20 | 0 | $1.7 million |
| 2002 | 23 | 23 | 0 | $2.1 million |
| 2001 | 81 | 23 | 58 | $5 million |
| 2000 | 34 | 32 | 2 | $3.1 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Property tax runs above the Mississippi norm
The median bill is $1,398 (Mississippi: $1,215), 0.96% of a home’s value a year, against 0.72% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
Grenada and its neighbors
One source per column.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, September 2026 | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Grenada | C+ | $133K | $146K | 0.96% | $920 |
Questions about the cost of living in Grenada
Is Grenada expensive to live in?
Measured against what households in the area earn, Grenada costs more than 64% of U.S. towns: a C+ for cost of living, #72 of 99 in Mississippi. The typical home costs 3.1 years of the median household income of the Grenada, MS micro area ($47K).
How much does a house cost in Grenada?
About $133K, Zillow’s typical value for September 2026, down 4.5% in a year. The Mississippi typical home is $195K.
What salary do you need to live in Grenada?
To buy the typical home with 20% down at 6.3%, about $34,000 a year, keeping the payment (about $800 a month with tax and insurance) at 28% of income. To rent a two-bedroom at 30% of income, about $37,000.
How much is rent in Grenada?
HUD puts a two-bedroom at about $920 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $802 (Census 2020–24).
What are property taxes in Grenada?
The median bill is $1,398 a year, 0.96% of the median home value (Mississippi: $1,215, 0.72%), from the Census 2020–24.
Are home prices in Grenada going up?
No: down 4.5% in the past year and 3.3% in five years, against 11.3% across Mississippi (Zillow).
Neighbors talk housing
What Grenada buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, September 2026. Sales, days on market and supply: Redfin Data Center, September 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.