Total monthly cost of ownership
Cost to Own a Home in Blue Mountain, Mississippi
A $79,000 home here costs
$818per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $406. The real number is $412 higher every month — 101% 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.
Blue Mountain against Tippah County and Mississippi
| Measure | Blue Mountain | Tippah County |
|---|---|---|
| Median home value | $78,600 | $128,400 |
| Median property tax | $734 | $963 |
| Effective tax rate | 0.934% | 0.750% |
| Median gross rent | $627 | $720 |
| Population | 1,452 | 21,621 |
The weather behind that power bill
Blue Mountain sits in Tippah County, which averages a high of 89.6°F in its hottest month and a low of 29.1°F in its coldest, with 57.63" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,662 cooling and 3,541 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Tippah County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tippah County
Full Tippah County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Blue Mountain?
A $79,000 home in Blue Mountain, Mississippi costs approximately $818 per month with 20% down at 6.66%. That is $406 principal and interest, $61 property tax, $72 homeowners insurance, $213 utilities and $66 set aside for maintenance.
What is the property tax rate in Blue Mountain?
Blue Mountain has an effective property tax rate of 0.934%, based on a median home value of $78,600 and median real estate taxes of $734. That is higher than the Tippah County average of 0.750%.
What is the average home price in Blue Mountain?
The median owner-occupied home value in Blue Mountain, Mississippi is $78,600, against $128,400 across Tippah County.
Is it cheaper to rent or buy in Blue Mountain?
Median gross rent in Blue Mountain is $627 a month, against $818 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 Blue Mountain — 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.