Total monthly cost of ownership
Cost to Own a Home in Byram, Mississippi
A $177,000 home here costs
$1,555per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $910. The real number is $645 higher every month — 71% 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.
Byram against Hinds County and Mississippi
| Measure | Byram | Hinds County |
|---|---|---|
| Median home value | $177,200 | $151,200 |
| Median property tax | $1,490 | $1,389 |
| Effective tax rate | 0.841% | 0.919% |
| Median gross rent | $1,318 | $1,032 |
| Population | 12,847 | 222,494 |
The weather behind that power bill
Byram sits in Hinds County, which averages a high of 93.3°F in its hottest month and a low of 35.2°F in its coldest, with 60.15" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,425 cooling and 2,234 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Hinds County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hinds County
Full Hinds County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Byram?
A $177,000 home in Byram, Mississippi costs approximately $1,555 per month with 20% down at 6.66%. That is $910 principal and interest, $124 property tax, $160 homeowners insurance, $213 utilities and $148 set aside for maintenance.
What is the property tax rate in Byram?
Byram has an effective property tax rate of 0.841%, based on a median home value of $177,200 and median real estate taxes of $1,490. That is lower than the Hinds County average of 0.919%.
What is the average home price in Byram?
The median owner-occupied home value in Byram, Mississippi is $177,200, against $151,200 across Hinds County.
Is it cheaper to rent or buy in Byram?
Median gross rent in Byram is $1,318 a month, against $1,555 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 Byram — 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.