Total monthly cost of ownership
Cost to Own a Home in Biloxi, Mississippi
A $203,000 home here costs
$1,717per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,044. The real number is $673 higher every month — 64% 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.
Biloxi against Harrison County and Mississippi
| Measure | Biloxi | Harrison County |
|---|---|---|
| Median home value | $203,200 | $199,300 |
| Median property tax | $1,280 | $1,289 |
| Effective tax rate | 0.630% | 0.647% |
| Median gross rent | $1,051 | $1,074 |
| Population | 49,011 | 209,443 |
The weather behind that power bill
Biloxi sits in Harrison County, which averages a high of 90.7°F in its hottest month and a low of 42.4°F in its coldest, with 62.82" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 2,749 cooling and 1,507 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Harrison County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Harrison County
Full Harrison County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Biloxi?
A $203,000 home in Biloxi, Mississippi costs approximately $1,717 per month with 20% down at 6.66%. That is $1,044 principal and interest, $107 property tax, $184 homeowners insurance, $213 utilities and $169 set aside for maintenance.
What is the property tax rate in Biloxi?
Biloxi has an effective property tax rate of 0.630%, based on a median home value of $203,200 and median real estate taxes of $1,280. That is lower than the Harrison County average of 0.647%.
What is the average home price in Biloxi?
The median owner-occupied home value in Biloxi, Mississippi is $203,200, against $199,300 across Harrison County.
Is it cheaper to rent or buy in Biloxi?
Median gross rent in Biloxi is $1,051 a month, against $1,717 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 Biloxi — 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.