Measured against area pay, Pelahatchie costs less to live in than 87% of U.S. towns
Up 2.9% in a year, 11% above the Mississippi typical home.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of the Jackson, MS metro area ($62K). How TownRatings grades cost of living
Only 3 sales in April 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 Jackson metro earn ($62K, Census 2020–24). The typical home costs 2.6 years of metro income, and 38% of renters pay 30% or more of income for housing.
In dollars
- $215Ktypical home, 11% above the Mississippi typical homeZillow, September 2026
- $1,080a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
- 89prices across the Jackson metro, where the U.S. is 100 (housing 65)BEA Regional Price Parities, 2024
In paychecks the grade
- 2.6 yrsof area income buys the typical home; the typical U.S. town: 3.3$62K, Jackson-area income
- 15%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 17%of owners do; the typical U.S. town: 20%Census 2020–24
What’s behind Pelahatchie’s grade
Measured against what households in the area earn, Pelahatchie is more affordable than 87% of U.S. towns. The four inputs sit close together, so no single cost explains the grade.
Prices here have kept pace with Mississippi: up 15.0% in five years, against 11.3% statewide (Zillow).
Up 15% in five years
Faster than Mississippi (11.3%).
Show as a table
| January | Pelahatchie | Mississippi |
|---|---|---|
| 2017 | $148,000 | $136,000 |
| 2018 | $151,000 | $138,000 |
| 2019 | $155,000 | $142,000 |
| 2020 | $163,000 | $148,000 |
| 2021 | $176,000 | $160,000 |
| 2022 | $193,000 | $183,000 |
| 2023 | $200,000 | $186,000 |
| 2024 | $200,000 | $186,000 |
| 2025 | $208,000 | $192,000 |
| 2026 | $210,000 | $192,000 |
| September 2026 | $215,000 | $195,000 |
A typical Pelahatchie home worth $147K in October 2016 is worth about $215K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through September 2026.
A typical home costs 2.6 years of area income
The calculator starts from the area income the grade uses. Switch to Pelahatchie’s own median, or type yours.
That covers a typical Pelahatchie home, with $33K to spare.
A two-bedroom rents for about $1,080 a month here, $180 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Mississippi typical property tax (0.72% 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 $1,080
Renters already here pay a median of $783, 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 (Jackson, MS HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
7 new homes permitted in 2025
Builders were permitted 7 new homes in Pelahatchie in 2025, all single-family houses, worth about $1.1 million to build. That's 4.9 per 1,000 residents, about the pace of Mississippi as a whole. Over the past 10 years, Pelahatchie has permitted 47 homes in all.
Between the 2010 and 2020 censuses, Pelahatchie's population fell by 62 even though 23 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) | 5 | 5 | 0 | $750,000 |
| 2025 | 7 | 7 | 0 | $1.1 million |
| 2024 | 7 | 7 | 0 | $1.1 million |
| 2023 | 5 | 5 | 0 | $750,000 |
| 2022 | 7 | 7 | 0 | $1.1 million |
| 2021 | 1 | 1 | 0 | $99,000 |
| 2020 | 1 | 1 | 0 | $99,000 |
| 2019 | 1 | 1 | 0 | $99,000 |
| 2018 | 3 | 3 | 0 | $427,000 |
| 2017 | 8 | 8 | 0 | $2.3 million |
| 2016 | 7 | 7 | 0 | $2 million |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 1 | 1 | 0 | $143,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 3 | 3 | 0 | $385,000 |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 3 | 3 | 0 | $265,000 |
| 2005 | 2 | 2 | 0 | $195,000 |
| 2004 | 2 | 2 | 0 | $110,000 |
| 2003 | 2 | 2 | 0 | $110,000 |
| 2002 | 5 | 5 | 0 | $394,000 |
| 2001 | 2 | 2 | 0 | $165,000 |
| 2000 | 2 | 2 | 0 | $165,000 |
Pelahatchie's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
The rest of a budget near Pelahatchie
Only figures published free for the whole country, each labeled with the area it covers: the Jackson, MS metro area, or Mississippi. Groceries follow the goods price level; nobody publishes them town by town.
| Cost | Here | Compared with | Area | Source |
|---|---|---|---|---|
| Prices overall U.S. = 100 | 89 | MS 87 | metro | BEA, 2024 |
| Goods (groceries, clothing, cars…) U.S. = 100 | 96 | MS 96 | metro | BEA, 2024 |
| Utilities U.S. = 100 | 78 | MS 78 | metro | BEA, 2024 |
| Other services U.S. = 100 | 96 | MS 96 | metro | BEA, 2024 |
Price levels: U.S. Bureau of Economic Analysis, Regional Price Parities 2024 (metro area and state). Electricity: U.S. Energy Information Administration, Electric Power Monthly, table 5.6.A.
Pelahatchie vs. its neighbors
Of the 2 towns here with a Zillow value, Pelahatchie has the 2nd-lowest.
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 |
|---|---|---|---|---|---|
| Pelahatchie | A | $215K | $158K | — | $1,080 |
| Morton | B+ | $83K | $84K | 1.09% | $990 |
Questions about the cost of living in Pelahatchie
Is Pelahatchie expensive to live in?
Measured against what households in the area earn, Pelahatchie costs less than 87% of U.S. towns: an A for cost of living. The typical home costs 2.6 years of the median household income of the Jackson, MS metro area ($62K).
How much does a house cost in Pelahatchie?
About $215K, Zillow’s typical value for September 2026, up 2.9% in a year. The Mississippi typical home is $195K.
What salary do you need to live in Pelahatchie?
To buy the typical home with 20% down at 6.3%, about $54,000 a year, keeping the payment (about $1,260 a month with tax and insurance) at 28% of income. To rent a two-bedroom at 30% of income, about $43,000.
How much is rent in Pelahatchie?
HUD puts a two-bedroom at about $1,080 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $783 (Census 2020–24).
Are home prices in Pelahatchie going up?
Yes: up 2.9% in the past year and 15.0% in five years, against 11.3% across Mississippi (Zillow).
Neighbors talk housing
What Pelahatchie 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, April 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.