Grace, MS — income, home value, property tax, and sales tax.
In ZIP code 38745, near Grace, per-capita income stands at $11,343, which shapes how local households approach homeownership. A combined sales tax rate of 7.00% applies to purchases here. Because earnings are limited, property taxes take a meaningful share of annual income, and even a lower-priced home can strain a budget once the effective rate is applied to its assessed value. Buyers weighing a move into this area should compare their expected tax bill against what they bring in each year, since the gap between income and housing costs determines how comfortably a mortgage and its taxes can be carried.
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