Total monthly cost of ownership
Cost to Own a Home in Clinton, Mississippi
A $220,000 home here costs
$1,873per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,131. The real number is $742 higher every month — 66% 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.
Clinton against Hinds County and Mississippi
| Measure | Clinton | Hinds County |
|---|---|---|
| Median home value | $220,400 | $151,200 |
| Median property tax | $1,752 | $1,389 |
| Effective tax rate | 0.795% | 0.919% |
| Median gross rent | $1,135 | $1,032 |
| Population | 27,418 | 222,494 |
The weather behind that power bill
Clinton 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 Clinton?
A $220,000 home in Clinton, Mississippi costs approximately $1,873 per month with 20% down at 6.66%. That is $1,131 principal and interest, $146 property tax, $199 homeowners insurance, $213 utilities and $183 set aside for maintenance.
What is the property tax rate in Clinton?
Clinton has an effective property tax rate of 0.795%, based on a median home value of $220,400 and median real estate taxes of $1,752. That is lower than the Hinds County average of 0.919%.
What is the average home price in Clinton?
The median owner-occupied home value in Clinton, Mississippi is $220,400, against $151,200 across Hinds County.
Is it cheaper to rent or buy in Clinton?
Median gross rent in Clinton is $1,135 a month, against $1,873 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 Clinton — 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.