Total monthly cost of ownership
Cost to Own a Home in Byhalia, Mississippi
A $111,000 home here costs
$1,135per 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 $48,500 a year.
A standard mortgage calculator would have told you $605. The real number is $530 higher every month, 88% more than the payment most buyers budget for.
Compare Marshall County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Byhalia from a five-year rolling sample, and with about 1,935 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 Marshall 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.
Byhalia against Marshall County and Mississippi
| Measure | Byhalia | Marshall County |
|---|---|---|
| Median home value | $111,300 | $172,200 |
| Median property tax | $1,224 | $1,286 |
| Effective tax rate | 1.100% | 0.747% |
| Median gross rent | $641 | $926 |
| Population | 1,935 | 33,899 |
The weather behind that power bill
Byhalia sits in Marshall County, which averages a high of 88.7°F in its hottest month and a low of 29.0°F in its coldest, with 55.48" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,534 cooling and 3,480 heating degree days, which is what sets the $167 electricity line above.
See the full climate breakdown for Marshall County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marshall County
Full Marshall County cost breakdown · Every county in Mississippi
Talk to someone who works this market
These are Byhalia 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 Byhalia every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Byhalia I already own here and may sell
Common questions
How much does it cost to own a home in Byhalia?
A $111,000 home in Byhalia, Mississippi costs approximately $1,135 per month with 20% down at 7.24%. That is $605 principal and interest, $102 property tax, $101 homeowners insurance, $235 utilities and $93 set aside for maintenance.
What is the property tax rate in Byhalia?
Byhalia has an effective property tax rate of 1.100%, based on a median home value of $111,300 and median real estate taxes of $1,224. That is higher than the Marshall County average of 0.747%.
What is the average home price in Byhalia?
The median owner-occupied home value in Byhalia, Mississippi is $111,300, against $172,200 across Marshall County.
Is it cheaper to rent or buy in Byhalia?
Median gross rent in Byhalia is $641 a month, against $1,135 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 Byhalia?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Byhalia, Mississippi at today's rate takes a household income of roughly $48,500 a year. That covers the full $1,135 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Byhalia, 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.