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City · 9,062 residents · Sunflower County, Mississippi

Indianola , Mississippi

In Indianola, a typical home is worth $108,800 and typical rent is $720 a month. Compared with all of Sunflower County, the typical home value is 8% higher.

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  • Typical home value

    $108,800

    8% above the county

    36% below Mississippi

    • Indianola
    • Sunflower
    • Mississippi

  • Typical rent

    $720a month

    4% above the county

    25% below Mississippi

    • Indianola
    • Sunflower
    • Mississippi

  • Typical household income

    $41,708a year

    4% above the county

    26% below Mississippi

    • Indianola
    • Sunflower
    • Mississippi

  • Households that own their home

    52%

    3 points below the county

    18 points below Mississippi

    • Indianola
    • Sunflower
    • Mississippi

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$96,836
8.5% less than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Indianola is in Sunflower County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Sunflower County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Indianola apart

What this place has that others do not, from public data, most unusual first.

  1. According to Zillow, in the 12 months to September 2026 the typical home value in Indianola fell 8.5%; in Mississippi, it rose 2.2%.

  2. Nearby, in Clarksdale, the typical home value is $83,900: 23% less than in Indianola ($108,800).

  3. Indianola has the 5th lowest typical rent of the 66 cities in Mississippi with more than 5,000 people ($720).

  4. Indianola has the 6th largest share of rent-burdened renters of the 63 cities in Mississippi with more than 5,000 people (62%).

  5. Indianola has the 7th lowest typical home value of the 67 cities in Mississippi with more than 5,000 people ($108,800).

Sources: Zillow (September 2026 data); U.S. Census Bureau (Average 2020–2024). Zillow data

The homes here

Housing in Indianola

What homes there are in Indianola, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Indianola: 80% of homes, more than in Sunflower County (75%).

Year built

In Indianola, half of the homes were built before 1971; in Sunflower County, before 1977.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for Sunflower County is $905: about 63% of rents in Indianola are below it.

With a mortgage

$1,070 a month

Sunflower County: $1,100 a month

Without a mortgage

$445 a month

Sunflower County: $425 a month

Owners with a mortgage

42%

Sunflower County: 43%

Owning costs about the same in Indianola as in Sunflower County: with a mortgage, $1,070 a month; without one, $445.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Indianola gained value faster than in Sunflower County: 42% against 28%.

Since 2015–2019, the typical rent in Indianola did not change clearly, according to the Census.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureIndianolaSunflower CountyMississippiUnited States
Rental vacancy Unreliable estimate10.4%8.2%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.2%3.4%
People per household 2.562.642.492.53
Drive alone 81%81%82%69%
Carpool 12%11%9%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimateUnreliable estimate1%3%
Work from home Unreliable estimate6%6%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

A household in Indianola has 2.56 people on average, about the same as in Sunflower County (2.64).

To get to work, 81% of workers in Indianola drive alone; in Sunflower County, 81%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Indianola?

A typical home is within reach of the typical income

We start with a typical home in Indianola, worth $108,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 26% of the typical household income in Indianola, which is $41,708 a year.

The calculator's FHA and conventional loan limits are those of all of Sunflower County.

Your numbers

Local data
$

Starts at the typical home value in Indianola. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $3,808 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$902

at 7.18% · 30 years

Loan amount
$106,829
Total interest
$153,702
Paid off in
November 2056

Includes $1,837 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $973 a month

    Your payment · 26%

  • Tight

    $973 to $1,251 a month

  • Hard

    more than $1,251 a month

Compared with the typical household income in Indianola ($41,708 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$902
Principal & interest$724
Property tax$85
Home insurance$45
FHA mortgage insurance (MIP)$48

You need at least $3,808 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Indianola and Sunflower County

Indianola is in Sunflower County, Mississippi. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Indianola's own numbers

Typical home value
$108,800
Typical monthly rent
$720
Typical yearly household income
$41,708
Households that own their home
52%
Effective property tax rate
0.94%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Sunflower County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$905
Price change over 5 years (FHFA)
+17%
Homes in a high flood-risk zone
6.2%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Sunflower County.

Everything about Sunflower County

Buying

Buying a home in Indianola

A typical home in Indianola is worth $108,800: 8% above the county and 36% below Mississippi. With the typical household income in Indianola ($41,708 a year), a typical home costs 2.6 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Indianola 2.6 years
  • Sunflower 2.5 years
  • Mississippi 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Sunflower County

According to FHFA’s house price index, home prices in Sunflower County rose 28% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Sunflower County.

Period County Mississippi U.S.
Last year (2025) +0.7% +3.5% +2.9%
5 years (2020–2025) +17% +42% +47%
10 years (2015–2025) +28% +62% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Indianola next to Sunflower County, Mississippi and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Indianola $108,800
  • Sunflower $100,300
  • Mississippi $169,800
  • United States $332,700
Typical monthly rent
  • Indianola $720
  • Sunflower $694
  • Mississippi $954
  • United States $1,413
Typical yearly household income
  • Indianola $41,708
  • Sunflower $39,956
  • Mississippi $56,447
  • United States $80,734
See the full table
Indianola next to Sunflower County and Mississippi
Measure Indianola Sunflower County Mississippi U.S.
Typical home value $108,800 $100,300 $169,800 $332,700
Typical monthly rent $720 $694 $954 $1,413
Typical yearly household income $41,708 $39,956 $56,447 $80,734
Households that own their home 52% 55% 70% 65%
Typical yearly property tax $1,021 $930 $1,215 $3,119
Effective property tax rate 0.94% 0.93% 0.72% 0.94%
Renters with high rent for their income 62% 59% 51% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Sunflower County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Indianola

For a typical $108,800 home in Indianola, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Indianola's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $902a month

    Least cash to close
    Down payment
    $3,808
    Cash to close
    $7,072
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $48

  • Conventional, 5% down $882a month

    Down payment
    $5,440
    Cash to close
    $8,704
    Rate
    7.18%
    Mortgage insurance
    PMI · $52

  • Conventional, 20% down, no PMI $720a month

    Down payment
    $21,760
    Cash to close
    $25,024
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $821a month

    Down payment
    $16,320
    Cash to close
    $19,584
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Indianola and for Sunflower County.

Property tax

Effective rate in Indianola

0.94%of the home’s value each year

$1,021 a year for the typical owner in Indianola.

  • Indianola 0.94%
  • Sunflower 0.93%
  • Mississippi 0.72%

What Mississippi publishes Regular homestead exemption (Tier 1) (Mississippi Department of Revenue)

Exemptions and deadlines in Mississippi

Flood risk in Sunflower County

FEMA does not publish these numbers by city: they are for all of Sunflower County.

Homes in the high-risk zone
6.2%
525
Of those, with NFIP insurance
14%
County Mississippi U.S.
Homes in the high-risk zone 6.2% 7.6% 3.5%
Of those, with NFIP insurance 14% 33% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Indianola

Typical rent in Indianola is $720 a month: 4% above the county. In Indianola, 62% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Sunflower County, by unit size. To pay the 2-bedroom one ($905 a month) without spending more than 30% of your income, you would need to earn $17.40 an hour working full time.

HUD fair market rent for all of Sunflower County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $646 $12.42 $25,840
1 bedroom $692 $13.31 $27,680
2 bedrooms $905 $17.40 $36,200
3 bedrooms $1,249 $24.02 $49,960
4 bedrooms $1,283 $24.67 $51,320

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Indianola

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Indianola is in ZIP code 38751.

For 2 bedrooms it is $960: $55 more than the fair market rent for Sunflower County ($905).

  • 38751 $960$1,320

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Indianola when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Indianola

HUD lists 3 buildings with rents for lower incomes in Indianola. These are the largest.

  • Sunflower Estates 13 Crane St, Indianola 38751 65 low-income homes · 2 bd: 1 · 3 bd: 64 · In service since 2008 · For people with disabilities
  • Matthews Retirement CNTR 702 Kinlock Ave, Indianola 38751 50 homes, 49 low-income · For older adults (662) 887-4022
  • Canterbury Apts 810 Airport Rd, Indianola 38751 48 low-income homes · 1 bd: 8 · 2 bd: 40 · In service since 1989 · For families

See all 19 buildings in Sunflower County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Indianola

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Sunflower County. The nearest ones are below; many serve by phone or online.

A man smiles on a bench outside his apartment building.

HUD counseling is free or low-cost

Assistance programs in Indianola

No down payment, repair or rent-help program on our list is for Indianola or Sunflower County. The ones below are statewide in Mississippi: they work in Indianola the same as in the rest of the state.

Which programs do I qualify for? All programs in Mississippi

  • Smart7 Mortgage Program

    Statewide in Mississippi

    Mississippi state corporation 30-year mortgage with $7,000 for the down payment or closing costs as a 0% second mortgage, repaid when you sell, refinance, stop living in the home or pay off the mortgage; no first-time buyer requirement. Offered by Mississippi Home Corporation (MHC).

    Deferred

    See the program Official page

  • Easy8

    Statewide in Mississippi

    Mississippi state corporation 30-year mortgage with $8,000 at 0% as a second mortgage for the down payment, closing costs or prepaid expenses, repaid when you sell, refinance, stop living in the home or pay off the mortgage; for first-time buyers, except in designated areas and for veterans. Offered by Mississippi Home Corporation (MHC).

    Deferred

    See the program Official page

  • Home4All

    Statewide in Mississippi

    Mississippi state corporation forgivable grant, with federal HOME funds, of up to $25,000 for the down payment, closing costs or to reduce the principal; for first-time buyers with incomes under 80% of the area median and a fixed-rate mortgage; if you sell before 5 or 10 years (depending on the amount), you may repay part of it. Offered by Mississippi Home Corporation (MHC).

    Grant

    See the program Official page

Housing counselors near Indianola

The HUD-approved agencies closest to the center of Indianola, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Southern Bancorp Community Partners

    875 S State St, Clarksdale · 51 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    662-624-5776-3112

  • NSC (naca Counseling Subsidiary) - Jackson, MS

    405 Briarwood Dr, Jackson · 79 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (601) 922-4008

  • Housing Education and Economic Development, Inc.

    3405 Medgar Evers Blvd, Jackson · 81 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (601) 981-1960

All counseling agencies in Mississippi

Help in Spanish near Indianola

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Indianola

HUD lists no housing authority with an office in Sunflower County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Mississippi Source: HUD

Cities

Nearby cities

The cities closest to Indianola, with the typical home value.

Everything about Sunflower County Housing in Mississippi

Neighboring counties

If Sunflower County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Indianola.

All guides
Three women of one family talk as they cook vegetables in the kitchen.

Questions

Housing questions about Indianola

Short answers with the numbers for Indianola and all of Sunflower County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Indianola?

The typical home value in Indianola is $108,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Sunflower County it is $100,300.

How much does it cost to rent in Indianola?

Typical rent in Indianola is $720 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Sunflower County is $905.

What is the FHA loan limit in Indianola?

Indianola uses the FHA limit for all of Sunflower County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Indianola?

The typical homeowner in Indianola pays $1,021 a year, according to the U.S. Census Bureau. That is 0.94% of the home’s value; in Sunflower County, the rate is 0.93%.

Where can I find free help to buy or rent in Indianola?

We found no HUD-approved counseling agencies with an office in Sunflower County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).