Mortgage Rates in Tupelo, Mississippi — March 2026
Updated March 2026 | Based on Tupelo market data and regional lending conditions
Tupelo is a growing city in Mississippi with a population of 38,300. The current 30-year fixed mortgage rate in Tupelo is 6.75%, which is 0.1% above the national average. With a median home price of $195,000 and a 20% down payment of $39,000, homebuyers can expect a monthly principal and interest payment of approximately $1,012.
Current Mortgage Rates in Tupelo, MS
Below are the current average mortgage rates available in the Tupelo 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 | 6.75% | 6.65% | +0.1% |
| 15-Year Fixed | 5.99% | 5.89% | +0.1% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.35% | 6.25% | +0.1% |
| VA | 6.15% | 6.05% | +0.1% |
| Jumbo | 6.95% | 6.85% | +0.1% |
Tupelo Housing Market Overview
The Tupelo housing market offers relatively affordable housing compared to many major cities. The median household income in Tupelo is $48,250, and the cost of living index is 82.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $48,943 to comfortably afford the median-priced home in Tupelo, which exceeds the current median household income.
Monthly Payment Breakdown for Tupelo
Based on the median home price of $195,000 with 20% down ($39,000), here is what you can expect to pay monthly in Tupelo:
15-Year vs. 30-Year Mortgage in Tupelo
Choosing a 15-year mortgage in Tupelo at 5.99% instead of a 30-year at 6.75% would save you $127,440 in total interest over the life of the loan. However, your monthly payment would be $1,316 instead of $1,012 — an increase of $304 per month.
Calculate Your Tupelo 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 Tupelo
What are the current mortgage rates in Tupelo, MS?
As of March 2026, the average 30-year fixed mortgage rate in Tupelo, Mississippi is 6.75%, while the 15-year fixed rate is 5.99%. FHA loans average 6.35% and VA loans 6.15%. These rates are 0.1% above the national average of 6.65%.
How much is a monthly mortgage payment in Tupelo?
Based on the median home price of $195,000 with 20% down, the estimated monthly mortgage payment in Tupelo is $1,012 for principal and interest. Including property taxes of $130/month, the total monthly housing cost is approximately $1,142.
What income do I need to buy a home in Tupelo?
Using the 28% rule, you would need an annual income of approximately $48,943 to afford the median-priced home in Tupelo at $195,000. The median household income in Tupelo is $48,250. This means most households would need to either earn above the median or consider homes below $195,000.
Is Tupelo a good place to buy a home in 2026?
Tupelo offers a below-average cost of living with a cost of living index of 82.5 (national average = 100). The property tax rate in Mississippi is 0.8%, which is below the national average. Tupelo has a population of 38,300 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 Tupelo, Mississippi area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.