Mortgage Rates in Pearl, Mississippi — March 2026
Updated March 2026 | Based on Pearl market data and regional lending conditions
Pearl is a growing city in Mississippi with a population of 26,462. The current 30-year fixed mortgage rate in Pearl is 6.68%, which is 0.03% above the national average. With a median home price of $142,000 and a 20% down payment of $28,400, homebuyers can expect a monthly principal and interest payment of approximately $732.
Current Mortgage Rates in Pearl, MS
Below are the current average mortgage rates available in the Pearl area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.68% | 6.65% | +0.03% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.21% | 6.15% | +0.06% |
| FHA | 6.47% | 6.25% | +0.22% |
| VA | 6.22% | 6.05% | +0.17% |
| Jumbo | 6.93% | 6.85% | +0.08% |
Pearl Housing Market Overview
The Pearl housing market offers relatively affordable housing compared to many major cities. The median household income in Pearl is $46,800, and the cost of living index is 80.7 (national average = 100). Based on the 28% affordability rule, the median income in Pearl is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Pearl
Based on the median home price of $142,000 with 20% down ($28,400), here is what you can expect to pay monthly in Pearl:
15-Year vs. 30-Year Mortgage in Pearl
Choosing a 15-year mortgage in Pearl at 5.94% instead of a 30-year at 6.68% would save you $91,620 in total interest over the life of the loan. However, your monthly payment would be $955 instead of $732 — an increase of $223 per month.
Calculate Your Pearl Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Pearl
What are the current mortgage rates in Pearl, MS?
As of March 2026, the average 30-year fixed mortgage rate in Pearl, Mississippi is 6.68%, while the 15-year fixed rate is 5.94%. FHA loans average 6.47% and VA loans 6.22%. These rates are 0.03% above the national average of 6.65%.
How much is a monthly mortgage payment in Pearl?
Based on the median home price of $142,000 with 20% down, the estimated monthly mortgage payment in Pearl is $732 for principal and interest. Including property taxes of $99/month, the total monthly housing cost is approximately $831.
What income do I need to buy a home in Pearl?
Using the 28% rule, you would need an annual income of approximately $35,614 to afford the median-priced home in Pearl at $142,000. The median household income in Pearl is $46,800. The median income is currently sufficient to meet this threshold.
Is Pearl a good place to buy a home in 2026?
Pearl offers a below-average cost of living with a cost of living index of 80.7 (national average = 100). The property tax rate in Mississippi is 0.84%, which is near the national average. Pearl has a population of 26,462 and offers a very affordable lifestyle.
Mortgage Rates in Other Mississippi Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Pearl, Mississippi area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.