Total monthly cost of ownership
Cost to Own a Home in Amory, Mississippi
A $141,000 home here costs
$1,257per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $725. The real number is $532 higher every month — 73% 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.
Amory against Monroe County and Mississippi
| Measure | Amory | Monroe County |
|---|---|---|
| Median home value | $140,700 | $115,200 |
| Median property tax | $877 | $859 |
| Effective tax rate | 0.623% | 0.746% |
| Median gross rent | $769 | $721 |
| Population | 6,564 | 33,928 |
The weather behind that power bill
Amory sits in Monroe County, which averages a high of 90.4°F in its hottest month and a low of 30.7°F in its coldest, with 54.26" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,803 cooling and 3,101 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Monroe County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Monroe County
Full Monroe County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Amory?
A $141,000 home in Amory, Mississippi costs approximately $1,257 per month with 20% down at 6.66%. That is $725 principal and interest, $73 property tax, $128 homeowners insurance, $213 utilities and $118 set aside for maintenance.
What is the property tax rate in Amory?
Amory has an effective property tax rate of 0.623%, based on a median home value of $140,700 and median real estate taxes of $877. That is lower than the Monroe County average of 0.746%.
What is the average home price in Amory?
The median owner-occupied home value in Amory, Mississippi is $140,700, against $115,200 across Monroe County.
Is it cheaper to rent or buy in Amory?
Median gross rent in Amory is $769 a month, against $1,257 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 Amory — 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.