Total monthly cost of ownership
Cost to Own a Home in Bruce, Mississippi
A $76,000 home here costs
$815per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $391. The real number is $424 higher every month — 109% 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.
Bruce against Calhoun County and Mississippi
| Measure | Bruce | Calhoun County |
|---|---|---|
| Median home value | $76,100 | $82,900 |
| Median property tax | $948 | $566 |
| Effective tax rate | 1.246% | 0.683% |
| Median gross rent | $647 | $674 |
| Population | 1,445 | 13,029 |
The weather behind that power bill
Bruce sits in Calhoun County, which averages a high of 91.1°F in its hottest month and a low of 31.9°F in its coldest, with 57.9" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,057 cooling and 2,813 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Calhoun County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Calhoun County
Full Calhoun County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Bruce?
A $76,000 home in Bruce, Mississippi costs approximately $815 per month with 20% down at 6.66%. That is $391 principal and interest, $79 property tax, $69 homeowners insurance, $213 utilities and $63 set aside for maintenance.
What is the property tax rate in Bruce?
Bruce has an effective property tax rate of 1.246%, based on a median home value of $76,100 and median real estate taxes of $948. That is higher than the Calhoun County average of 0.683%.
What is the average home price in Bruce?
The median owner-occupied home value in Bruce, Mississippi is $76,100, against $82,900 across Calhoun County.
Is it cheaper to rent or buy in Bruce?
Median gross rent in Bruce is $647 a month, against $815 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 Bruce — 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.