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Starkville, Mississippi

Starkville (population 27,000) sits in northeastern Mississippi and is home to Mississippi State University (25,000 students). MSU is Starkville's lifeblood, giving the town a youthful, academic vibe.

The Starkville-MSU symphony orchestra has a robust schedule, and the University's Lyceum Series presents nationally recognized musicians and dancers. The Magnolia Film Festival, the Old Main Music Festival, the Bulldog Bash, and the Cotton District Arts Festival all draw lively crowds. Locals also enjoy MSU championship football, basketball and baseball games.

Many homes are brick and sit on a large lot. The Cotton District neighborhood sports New Urbanism architecture, as well as shops and eateries.

Oktibbeha County Lake is open for fishing, boating, camping, hiking and swimming. The area is beautiful in the spring when the wisteria blooms.

Cost of Living

Starkville has an overall cost of living 30% less than the national average.

The median household income is $35,048.

Real Estate

The median home price is $198,000. This is a 4% increase over the previous year. For comparison, the national median home price is currently $363,000 (Realtor.com).

Estimates are that Starkville housing prices will increase by 1% over the next year.

The median rental price is $695 per month.



Starkville has grown by 6% during the last decade.

The median age is 27. The national median is 38.

The crime rate meets the national average.

The poverty rate is above the national average, but much of this is attributed to the number of students.

OCH Regional Medical Center is the local hospital.


The combined sales tax rate for Starkville is 7%.

Mississippi does not tax any retiremenet income.

A homestead exemption of $300 is available to everyone. For people age 65 or better, the first $7,500 of a home's value is exempt from property taxes.

The average effective property tax rate (the annual tax payment as a percentage of median home value) in Starkville is .89%. The annual taxes on a $198,000 home are approximately $1,762, without a homestead exemption

Desire a Nicer Home Without a Mortgage Payment?

If so, consider a Home Equity Conversion Mortgage (HECM) for Purchase. This is a reverse mortgage that lets people age 62+ purchase a new home by using a reverse mortgage.

How does it work? Buyers must put down approximately 45% to 62% of the new home's purchase price, depending on the buyer's age and other factors. This money usually comes from the buyer selling his current home. The rest of the purchase funds come from the HECM loan.

For example, a person sells his home and nets $250,000 from the sale. With a HECM for Purchase Loan he can then buy a new $450,000 home by putting down $225,000 (50%), keeping $25,000 cash in his pocket and financing the remaining $225,000 home price with the reverse mortgage loan. Best yet, the buyer has no monthly mortgage payments.

Talk to a reputable reverse mortgage lender for more information.



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