Total monthly cost of ownership
Cost to Own a Home in Coldwater, Mississippi
A $85,000 home here costs
$894per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $437. The real number is $457 higher every month — 105% 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.
Coldwater against Tate County and Mississippi
| Measure | Coldwater | Tate County |
|---|---|---|
| Median home value | $85,400 | $173,000 |
| Median property tax | $1,156 | $1,328 |
| Effective tax rate | 1.354% | 0.768% |
| Median gross rent | $951 | $897 |
| Population | 1,293 | 28,135 |
The weather behind that power bill
Coldwater sits in Tate County, which averages a high of 91.6°F in its hottest month and a low of 30.8°F in its coldest, with 57.89" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,023 cooling and 3,106 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Tate County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tate County
Full Tate County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Coldwater?
A $85,000 home in Coldwater, Mississippi costs approximately $894 per month with 20% down at 6.66%. That is $437 principal and interest, $96 property tax, $77 homeowners insurance, $213 utilities and $71 set aside for maintenance.
What is the property tax rate in Coldwater?
Coldwater has an effective property tax rate of 1.354%, based on a median home value of $85,400 and median real estate taxes of $1,156. That is higher than the Tate County average of 0.768%.
What is the average home price in Coldwater?
The median owner-occupied home value in Coldwater, Mississippi is $85,400, against $173,000 across Tate County.
Is it cheaper to rent or buy in Coldwater?
Median gross rent in Coldwater is $951 a month, against $894 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Coldwater — 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.