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City · 11,900 residents · Pearl River County, Mississippi

Picayune , Mississippi

In Picayune, a typical home is worth $157,100 and typical rent is $931 a month. Compared with all of Pearl River County, typical household income is 29% lower, the typical home value is 14% lower, and the share of households that own their home is 22 points lower.

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  • Typical home value

    $157,100

    14% below the county

    7% below Mississippi

    • Picayune
    • Pearl River
    • Mississippi

  • Typical rent

    $931a month

    3% above the county

    2% below Mississippi

    • Picayune
    • Pearl River
    • Mississippi

  • Typical household income

    $41,213a year

    29% below the county

    27% below Mississippi

    • Picayune
    • Pearl River
    • Mississippi

  • Households that own their home

    59%

    22 points below the county

    11 points below Mississippi

    • Picayune
    • Pearl River
    • Mississippi

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

Market now, with Zillow data

Zillow data
Typical home value
$192,131
1.6% more than 12 months ago

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

Picayune is in Pearl River 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 Pearl River County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Picayune apart

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

  1. 59% of households in Picayune own their home, against 80% in Pearl River County.

  2. The typical household income in Picayune is $41,213, 29% less than in Pearl River County as a whole ($58,135).

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

The homes here

Housing in Picayune

What homes there are in Picayune, 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

In Picayune, 7 in 10 homes are single-family detached houses, about the same as in Pearl River County.

Year built

In Picayune, half of the homes were built before 1976; in Pearl River County, before 1990.

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

With an FHA limit of $541,287, at least 98% of owner-occupied homes in Picayune sit below it: they are worth less than $500,000.

Monthly rent with utilities

With a mortgage

$1,148 a month

Pearl River County: $1,407 a month

Without a mortgage

$437 a month

Pearl River County: $437 a month

Owners with a mortgage

39%

Pearl River County: 44%

The typical cost for an owner with a mortgage in Picayune is $1,148 a month, less than in Pearl River County ($1,407); without one, $437.

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

The typical home value in Picayune rose 43% since 2015–2019, more than in Pearl River County (32%).

Rents in Picayune rose faster than in Pearl River County: 21% since 2015–2019, against 18%.

To compare: typical income in Picayune rose 37%; the home, +43%; the rent, +21%.

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

MeasurePicayunePearl River CountyMississippiUnited States
Rental vacancy Unreliable estimate10.3%8.2%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimate2.3%2.2%3.4%
People per household 2.572.572.492.53
Drive alone 78%77%82%69%
Carpool 11%11%9%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimateUnreliable estimate1%3%
Work from home Unreliable estimate9%6%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

Much as in Pearl River County, a household in Picayune has 2.57 people on average.

To get to work, 78% of workers in Picayune drive alone; in Pearl River County, 77%.

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 Picayune?

A typical home costs more than the typical income allows

We start with a typical home in Picayune, worth $157,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 38% of the typical household income in Picayune, which is $41,213 a year. For that payment to be 28% of income, a household would need to earn about $55,225 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Picayune. 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 $5,499 (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

$1,289

at 7.18% · 30 years

Loan amount
$154,254
Total interest
$221,935
Paid off in
November 2056

Includes $2,653 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $962 a month

  • Tight

    $962 to $1,236 a month

  • Hard

    more than $1,236 a month

    Your payment · 38%

Compared with the typical household income in Picayune ($41,213 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,289
Principal & interest$1,045
Property tax$109
Home insurance$66
FHA mortgage insurance (MIP)$69

You need at least $5,499 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

Picayune and Pearl River County

Picayune is in Pearl River 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).

Picayune's own numbers

Typical home value
$157,100
Typical monthly rent
$931
Typical yearly household income
$41,213
Households that own their home
59%
Effective property tax rate
0.83%

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

Numbers for all of Pearl River County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$967
Price change over 5 years (FHFA)
+42%
Homes in a high flood-risk zone
7.9%

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 Pearl River County.

Everything about Pearl River County

Buying

Buying a home in Picayune

A typical home in Picayune is worth $157,100: 14% below the county and 7% below Mississippi. With the typical household income in Picayune ($41,213 a year), a typical home costs 3.8 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.

  • Picayune 3.8 years
  • Pearl River 3.1 years
  • Mississippi 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Pearl River County

According to FHFA’s house price index, home prices in Pearl River County rose 62% in the 10 years through 2025.

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

Period County Mississippi U.S.
Last year (2025) +0.5% +3.5% +2.9%
5 years (2020–2025) +42% +42% +47%
10 years (2015–2025) +62% +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

Picayune next to Pearl River 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
  • Picayune $157,100
  • Pearl River $182,300
  • Mississippi $169,800
  • United States $332,700
Typical monthly rent
  • Picayune $931
  • Pearl River $906
  • Mississippi $954
  • United States $1,413
Typical yearly household income
  • Picayune $41,213
  • Pearl River $58,135
  • Mississippi $56,447
  • United States $80,734
See the full table
Picayune next to Pearl River County and Mississippi
Measure Picayune Pearl River County Mississippi U.S.
Typical home value $157,100 $182,300 $169,800 $332,700
Typical monthly rent $931 $906 $954 $1,413
Typical yearly household income $41,213 $58,135 $56,447 $80,734
Households that own their home 59% 80% 70% 65%
Typical yearly property tax $1,302 $1,189 $1,215 $3,119
Effective property tax rate 0.83% 0.65% 0.72% 0.94%
Renters with high rent for their income 48% 48% 51% 51%

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

For a typical $157,100 home in Picayune, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Picayune's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,289a month

    Least cash to close
    Down payment
    $5,499
    Cash to close
    $10,212
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $69

  • Conventional, 5% down $1,260a month

    Down payment
    $7,855
    Cash to close
    $12,568
    Rate
    7.18%
    Mortgage insurance
    PMI · $75

  • Conventional, 20% down, no PMI $1,026a month

    Down payment
    $31,420
    Cash to close
    $36,133
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,171a month

    Down payment
    $23,565
    Cash to close
    $28,278
    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 Picayune and for Pearl River County.

Property tax

Effective rate in Picayune

0.83%of the home’s value each year

$1,302 a year for the typical owner in Picayune.

  • Picayune 0.83%
  • Pearl River 0.65%
  • Mississippi 0.72%

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

Exemptions and deadlines in Mississippi

Flood risk in Pearl River County

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

Homes in the high-risk zone
7.9%
1,926
Of those, with NFIP insurance
18%
County Mississippi U.S.
Homes in the high-risk zone 7.9% 7.6% 3.5%
Of those, with NFIP insurance 18% 33% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Picayune

Typical rent in Picayune is $931 a month: 3% above the county. In Picayune, 48% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Pearl River County, by unit size. To pay the 2-bedroom one ($967 a month) without spending more than 30% of your income, you would need to earn $18.60 an hour working full time.

HUD fair market rent for all of Pearl River 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 $789 $15.17 $31,560
1 bedroom $794 $15.27 $31,760
2 bedrooms $967 $18.60 $38,680
3 bedrooms $1,288 $24.77 $51,520
4 bedrooms $1,346 $25.88 $53,840

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 Picayune

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Picayune is in ZIP code 39466.

For 2 bedrooms it is $1,030: $63 more than the fair market rent for Pearl River County ($967).

  • 39466 $1,030$1,330

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

HUD lists 8 buildings with rents for lower incomes in Picayune. These are the largest.

  • Mae Williams/George Weems 1500 Bogan Cir, Picayune 39466 192 low-income homes · Run by The Housing Authority of the City of Picayune · Average payment: $374 a month · Average wait: 8 months · Homes at several sites (601) 798-3281
  • The Pines 1201 Kingsway Dr, Picayune 39466 92 low-income homes · Run by The Housing Authority of the City of Picayune · Average payment: $374 a month · Average wait: 13 months · Homes at several sites (601) 798-3281
  • Picayune Apts II 1223 Kingsway Dr Ofc, Picayune 39466 48 low-income homes · 2 bd: 48 · In service since 1994 · For families
  • Blue Spruce Apts 2801 Cooper Rd, Picayune 39466 48 homes, 47 low-income · 1 bd: 16 · 2 bd: 24 · 3 bd: 8 · In service since 1996 · For people with disabilities, families
  • Elmwood Manor Apts 3000 Wildwood Dr, Picayune 39466 24 low-income homes · 1 bd: 20 · 2 bd: 4 · In service since 1992 · For older adults, people with disabilities

See all 11 buildings in Pearl River County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Picayune

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

A pregnant woman reads paperwork on the sofa while the grandmother plays with the girl on the floor.

HUD counseling is free or low-cost

Assistance programs in Picayune

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

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

  • Hancock Housing Resource Center

    887 Washington St, Bay Saint Louis · 24 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 8 more
    (228) 463-8887

  • Renaissance Community Loan Fund

    8917 Lorraine Rd, Gulfport · 39 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 4 more
    (228) 896-3386

  • Mercy Housing and Human Development

    1135 Ford St, Gulfport · 40 miles away · Spanish

    Also serves in Vietnamese.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (228) 896-1945

All counseling agencies in Mississippi

Help in Spanish near Picayune

1 of the 3 agencies on this list says it serves 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 Picayune

HUD’s record names them for Picayune or Pearl River County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • The Housing Authority of the City of Picayune Public housing (601) 798-3281

All housing agencies in Mississippi Source: HUD

Cities

Nearby cities

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

Everything about Pearl River County Housing in Mississippi

Neighboring counties

If Pearl River 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 Picayune.

All guides
A father holds his baby and his young son by a white picket fence.

Questions

Housing questions about Picayune

Short answers with the numbers for Picayune and all of Pearl River 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 Picayune?

The typical home value in Picayune is $157,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Pearl River County it is $182,300.

How much does it cost to rent in Picayune?

Typical rent in Picayune is $931 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Pearl River County is $967.

What is the FHA loan limit in Picayune?

Picayune uses the FHA limit for all of Pearl River 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 Picayune?

The typical homeowner in Picayune pays $1,302 a year, according to the U.S. Census Bureau. That is 0.83% of the home’s value; in Pearl River County, the rate is 0.65%.

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

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