Total monthly cost of ownership
Cost to Own a Home in Calhoun City, Mississippi
A $86,000 home here costs
$868per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $442. The real number is $426 higher every month — 96% 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.
Calhoun City against Calhoun County and Mississippi
| Measure | Calhoun City | Calhoun County |
|---|---|---|
| Median home value | $85,600 | $82,900 |
| Median property tax | $750 | $566 |
| Effective tax rate | 0.876% | 0.683% |
| Median gross rent | $582 | $674 |
| Population | 1,804 | 13,029 |
The weather behind that power bill
Calhoun City 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 Calhoun City?
A $86,000 home in Calhoun City, Mississippi costs approximately $868 per month with 20% down at 6.66%. That is $442 principal and interest, $63 property tax, $78 homeowners insurance, $213 utilities and $72 set aside for maintenance.
What is the property tax rate in Calhoun City?
Calhoun City has an effective property tax rate of 0.876%, based on a median home value of $85,600 and median real estate taxes of $750. That is higher than the Calhoun County average of 0.683%.
What is the average home price in Calhoun City?
The median owner-occupied home value in Calhoun City, Mississippi is $85,600, against $82,900 across Calhoun County.
Is it cheaper to rent or buy in Calhoun City?
Median gross rent in Calhoun City is $582 a month, against $868 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 Calhoun City — 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.