Total monthly cost of ownership
Cost to Own a Home in Ackerman, Mississippi
A $131,000 home here costs
$1,170per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $673. The real number is $496 higher every month — 74% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Ackerman against Choctaw County and Mississippi
| Measure | Ackerman | Choctaw County |
|---|---|---|
| Median home value | $131,000 | $104,500 |
| Median property tax | $660 | $472 |
| Effective tax rate | 0.504% | 0.452% |
| Median gross rent | $658 | $661 |
| Population | 1,906 | 8,172 |
The weather behind that power bill
Ackerman sits in Choctaw County, which averages a high of 90.2°F in its hottest month and a low of 31.6°F in its coldest, with 58.7" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,890 cooling and 2,969 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Choctaw County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Choctaw County
No other places of this size are published in Choctaw County.
Full Choctaw County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Ackerman?
A $131,000 home in Ackerman, Mississippi costs approximately $1,170 per month with 20% down at 6.66%. That is $673 principal and interest, $55 property tax, $119 homeowners insurance, $213 utilities and $109 set aside for maintenance.
What is the property tax rate in Ackerman?
Ackerman has an effective property tax rate of 0.504%, based on a median home value of $131,000 and median real estate taxes of $660. That is higher than the Choctaw County average of 0.452%.
What is the average home price in Ackerman?
The median owner-occupied home value in Ackerman, Mississippi is $131,000, against $104,500 across Choctaw County.
Is it cheaper to rent or buy in Ackerman?
Median gross rent in Ackerman is $658 a month, against $1,170 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ackerman — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Mississippi.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.