Total monthly cost of ownership
Cost to Own a Home in Brookhaven, Mississippi
A $112,000 home here costs
$1,094per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $576. The real number is $518 higher every month — 90% 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.
Brookhaven against Lincoln County and Mississippi
| Measure | Brookhaven | Lincoln County |
|---|---|---|
| Median home value | $111,500 | $131,800 |
| Median property tax | $1,312 | $945 |
| Effective tax rate | 1.177% | 0.717% |
| Median gross rent | $736 | $754 |
| Population | 11,656 | 34,830 |
The weather behind that power bill
Brookhaven sits in Lincoln County, which averages a high of 90.1°F in its hottest month and a low of 36.1°F in its coldest, with 61.58" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,122 cooling and 2,300 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Lincoln County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lincoln County
Full Lincoln County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Brookhaven?
A $112,000 home in Brookhaven, Mississippi costs approximately $1,094 per month with 20% down at 6.66%. That is $576 principal and interest, $110 property tax, $101 homeowners insurance, $213 utilities and $93 set aside for maintenance.
What is the property tax rate in Brookhaven?
Brookhaven has an effective property tax rate of 1.177%, based on a median home value of $111,500 and median real estate taxes of $1,312. That is higher than the Lincoln County average of 0.717%.
What is the average home price in Brookhaven?
The median owner-occupied home value in Brookhaven, Mississippi is $111,500, against $131,800 across Lincoln County.
Is it cheaper to rent or buy in Brookhaven?
Median gross rent in Brookhaven is $736 a month, against $1,094 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 Brookhaven — 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.