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City · 6,996 residents · Neshoba County, Mississippi

Philadelphia , Mississippi

In Philadelphia, a typical home is worth $97,300 and typical rent is $791 a month. Compared with all of Neshoba County, typical household income is 11% lower, typical rent is 6% lower, and the share of households that own their home is 8 points lower.

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  • Typical home value

    $97,300

    3% below the county

    43% below Mississippi

    • Philadelphia
    • Neshoba
    • Mississippi

  • Typical rent

    $791a month

    6% below the county

    17% below Mississippi

    • Philadelphia
    • Neshoba
    • Mississippi

  • Typical household income

    $50,788a year

    11% below the county

    10% below Mississippi

    • Philadelphia
    • Neshoba
    • Mississippi

  • Households that own their home

    70%

    8 points below the county

    About the same as Mississippi

    • Philadelphia
    • Neshoba
    • Mississippi

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

Market now, with Zillow data

Zillow data
Typical home value
$133,401
about the same as 12 months ago

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

Philadelphia is in Neshoba 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 Neshoba County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Philadelphia apart

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

  1. Philadelphia has the 2nd lowest typical home value of the 67 cities in Mississippi with more than 5,000 people ($97,300).

  2. Nearby, in Louisville, the typical rent is $617: 22% less than in Philadelphia ($791).

  3. 70% of households in Philadelphia own their home, against 78% in Neshoba County.

  4. 11% of households in Philadelphia have no internet at home (16% in Neshoba County).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Philadelphia

What homes there are in Philadelphia, 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 Philadelphia: 86% of homes, more than in Neshoba County (71%).

Year built

The typical home in Philadelphia was built in 1975, 10 years before the typical one in Neshoba County.

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

With a mortgage

$1,050 a month

Neshoba County: $1,064 a month

Without a mortgage

$396 a month

Neshoba County: $393 a month

Owners with a mortgage

43%

Neshoba County: 37%

Owning costs about the same in Philadelphia as in Neshoba County: with a mortgage, $1,050 a month; without one, $396.

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

From 2015–2019 to 2020–2024, the typical home value in Philadelphia did not change clearly: the difference is within the Census margin of error.

Since 2015–2019, the typical rent in Philadelphia 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

MeasurePhiladelphiaNeshoba CountyMississippiUnited States
Rental vacancy Unreliable estimateUnreliable estimate8.2%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimate5.1%2.2%3.4%
People per household 2.472.772.492.53
Drive alone 73%82%82%69%
Carpool Unreliable estimate10%9%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimateUnreliable estimate1%3%
Work from home Unreliable estimate3%6%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute 10 to 19 minutesUnreliable estimate20 to 29 minutes20 to 29 minutes

Fewer people live in each home here: 2.47 on average, against 2.77 in Neshoba County.

The car rules in Philadelphia: 73% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.

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 Philadelphia?

A typical home is within reach of the typical income

We start with a typical home in Philadelphia, worth $97,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 20% of the typical household income in Philadelphia, which is $50,788 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Philadelphia. 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 $3,406 (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

$827

at 7.18% · 30 years

Loan amount
$95,537
Total interest
$137,456
Paid off in
November 2056

Includes $1,643 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,185 a month

    Your payment · 20%

  • Tight

    $1,185 to $1,524 a month

  • Hard

    more than $1,524 a month

Compared with the typical household income in Philadelphia ($50,788 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$827
Principal & interest$647
Property tax$97
Home insurance$41
FHA mortgage insurance (MIP)$43

You need at least $3,406 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

Philadelphia and Neshoba County

Philadelphia is in Neshoba 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).

Philadelphia's own numbers

Typical home value
$97,300
Typical monthly rent
$791
Typical yearly household income
$50,788
Households that own their home
70%
Effective property tax rate
1.19%

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

Numbers for all of Neshoba 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)
+37%
Homes in a high flood-risk zone
1.6%

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 Neshoba County.

Everything about Neshoba County

Buying

Buying a home in Philadelphia

A typical home in Philadelphia is worth $97,300: 3% below the county and 43% below Mississippi. With the typical household income in Philadelphia ($50,788 a year), a typical home costs 1.9 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.

  • Philadelphia 1.9 years
  • Neshoba 1.8 years
  • Mississippi 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Neshoba County

According to FHFA’s house price index, home prices in Neshoba County rose 51% in the 10 years through 2025.

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

Period County Mississippi U.S.
Last year (2025) +3.3% +3.5% +2.9%
5 years (2020–2025) +37% +42% +47%
10 years (2015–2025) +51% +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

Philadelphia next to Neshoba 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
  • Philadelphia $97,300
  • Neshoba $100,000
  • Mississippi $169,800
  • United States $332,700
Typical monthly rent
  • Philadelphia $791
  • Neshoba $839
  • Mississippi $954
  • United States $1,413
Typical yearly household income
  • Philadelphia $50,788
  • Neshoba $57,013
  • Mississippi $56,447
  • United States $80,734
See the full table
Philadelphia next to Neshoba County and Mississippi
Measure Philadelphia Neshoba County Mississippi U.S.
Typical home value $97,300 $100,000 $169,800 $332,700
Typical monthly rent $791 $839 $954 $1,413
Typical yearly household income $50,788 $57,013 $56,447 $80,734
Households that own their home 70% 78% 70% 65%
Typical yearly property tax $1,158 $893 $1,215 $3,119
Effective property tax rate 1.19% 0.89% 0.72% 0.94%
Renters with high rent for their income 43% 46% 51% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Neshoba 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 Philadelphia

For a typical $97,300 home in Philadelphia, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Philadelphia's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $827a month

    Least cash to close
    Down payment
    $3,406
    Cash to close
    $6,325
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $43

  • Conventional, 5% down $809a month

    Down payment
    $4,865
    Cash to close
    $7,784
    Rate
    7.18%
    Mortgage insurance
    PMI · $46

  • Conventional, 20% down, no PMI $664a month

    Down payment
    $19,460
    Cash to close
    $22,379
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $754a month

    Down payment
    $14,595
    Cash to close
    $17,514
    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 Philadelphia and for Neshoba County.

Property tax

Effective rate in Philadelphia

1.19%of the home’s value each year

$1,158 a year for the typical owner in Philadelphia.

  • Philadelphia 1.19%
  • Neshoba 0.89%
  • Mississippi 0.72%

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

Exemptions and deadlines in Mississippi

Flood risk in Neshoba County

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

Homes in the high-risk zone
1.6%
203
Of those, with NFIP insurance
13%
County Mississippi U.S.
Homes in the high-risk zone 1.6% 7.6% 3.5%
Of those, with NFIP insurance 13% 33% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Philadelphia

Typical rent in Philadelphia is $791 a month: 6% below the county. In Philadelphia, 43% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Neshoba 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 Neshoba 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 $761 $14.63 $30,440
1 bedroom $814 $15.65 $32,560
2 bedrooms $905 $17.40 $36,200
3 bedrooms $1,185 $22.79 $47,400
4 bedrooms $1,219 $23.44 $48,760

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 Philadelphia

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Philadelphia is in ZIP code 39350.

For 2 bedrooms it is $910: $5 more than the fair market rent for Neshoba County ($905).

  • 39350 $910$1,180

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Philadelphia 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 Philadelphia

HUD lists 7 buildings with rents for lower incomes in Philadelphia. These are the largest.

  • Reunion Court Apts 1060 Frog Level Ln, Philadelphia 39350 120 homes, 118 low-income · 1 bd: 16 · 2 bd: 72 · 3 bd: 32 · In service since 2007
  • Pendleton Square Apts 1700 Pendleton Sq, Philadelphia 39350 64 low-income homes · For families (601) 656-8052
  • Golf Terrace Apartments 510 Cumberland Ave, Philadelphia 39350 40 low-income homes · For older adults (601) 656-5176
  • Philadelphia Apts 305 Pearl Ave, Philadelphia 39350 40 low-income homes · 2 bd: 40 · In service since 2013 · For people with disabilities, families
  • Wells Place II 560 State Ave, Philadelphia 39350 32 low-income homes · 3 bd: 16 · 4 bd: 16 · In service since 2007

See all 9 buildings in Neshoba County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Philadelphia

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 Neshoba County. The nearest ones are below; many serve by phone or online.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Philadelphia

No down payment, repair or rent-help program on our list is for Philadelphia or Neshoba County. The ones below are statewide in Mississippi: they work in Philadelphia 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 Philadelphia

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

  • NSC (naca Counseling Subsidiary) - Jackson, MS

    405 Briarwood Dr, Jackson · 66 miles away · Spanish

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

  • Mississippi Housing Partnership, Inc.

    1217 N West St, Jackson · 69 miles away

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 4 more
    (601) 969-1895

  • Housing Education and Economic Development, Inc.

    3405 Medgar Evers Blvd, Jackson · 70 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 Philadelphia

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 Philadelphia

HUD lists no housing authority with an office in Neshoba 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 Philadelphia, with the typical home value.

Everything about Neshoba County Housing in Mississippi

Neighboring counties

If Neshoba 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 Philadelphia.

All guides
A smiling girl holds up a small mushroom she found on a forest outing.

Questions

Housing questions about Philadelphia

Short answers with the numbers for Philadelphia and all of Neshoba 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 Philadelphia?

The typical home value in Philadelphia is $97,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Neshoba County it is $100,000.

How much does it cost to rent in Philadelphia?

Typical rent in Philadelphia is $791 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Neshoba County is $905.

What is the FHA loan limit in Philadelphia?

Philadelphia uses the FHA limit for all of Neshoba 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 Philadelphia?

The typical homeowner in Philadelphia pays $1,158 a year, according to the U.S. Census Bureau. That is 1.19% of the home’s value; in Neshoba County, the rate is 0.89%.

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

We found no HUD-approved counseling agencies with an office in Neshoba 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).