Total monthly cost of ownership
Cost to Own a Home in Clarksdale, Mississippi
A $84,000 home here costs
$909per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $432. The real number is $478 higher every month — 111% 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.
Clarksdale against Coahoma County and Mississippi
| Measure | Clarksdale | Coahoma County |
|---|---|---|
| Median home value | $84,200 | $86,400 |
| Median property tax | $1,422 | $1,071 |
| Effective tax rate | 1.689% | 1.240% |
| Median gross rent | $762 | $719 |
| Population | 14,423 | 20,808 |
The weather behind that power bill
Clarksdale sits in Coahoma County, which averages a high of 90.7°F in its hottest month and a low of 32.0°F in its coldest, with 55.86" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,089 cooling and 3,010 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Coahoma County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Coahoma County
No other places of this size are published in Coahoma County.
Full Coahoma County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Clarksdale?
A $84,000 home in Clarksdale, Mississippi costs approximately $909 per month with 20% down at 6.66%. That is $432 principal and interest, $118 property tax, $76 homeowners insurance, $213 utilities and $70 set aside for maintenance.
What is the property tax rate in Clarksdale?
Clarksdale has an effective property tax rate of 1.689%, based on a median home value of $84,200 and median real estate taxes of $1,422. That is higher than the Coahoma County average of 1.240%.
What is the average home price in Clarksdale?
The median owner-occupied home value in Clarksdale, Mississippi is $84,200, against $86,400 across Coahoma County.
Is it cheaper to rent or buy in Clarksdale?
Median gross rent in Clarksdale is $762 a month, against $909 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 Clarksdale — 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.