Total monthly cost of ownership
Cost to Own a Home in Blue Mountain, Mississippi
A $79,000 home here costs
$864per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $37,000 a year.
A standard mortgage calculator would have told you $431. The real number is $434 higher every month, 101% more than the payment most buyers budget for.
Compare Tippah County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Blue Mountain from a five-year rolling sample, and with about 1,452 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Tippah County figures are drawn from a far larger sample if you want a steadier number.
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 $167 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
Talk to someone who works this market
These are Blue Mountain averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Blue Mountain every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Blue Mountain I already own here and may sell
Common questions
How much does it cost to own a home in Blue Mountain?
A $79,000 home in Blue Mountain, Mississippi costs approximately $864 per month with 20% down at 7.24%. That is $431 principal and interest, $61 property tax, $72 homeowners insurance, $235 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 $864 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Blue Mountain?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Blue Mountain, Mississippi at today's rate takes a household income of roughly $37,000 a year. That covers the full $864 monthly cost, not just the mortgage payment.
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.