Total monthly cost of ownership
Cost to Own a Home in Collins, Mississippi
A $90,000 home here costs
$873per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $463. The real number is $410 higher every month — 89% 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.
Collins against Covington County and Mississippi
| Measure | Collins | Covington County |
|---|---|---|
| Median home value | $90,400 | $98,500 |
| Median property tax | $485 | $683 |
| Effective tax rate | 0.537% | 0.693% |
| Median gross rent | $757 | $639 |
| Population | 2,180 | 18,226 |
The weather behind that power bill
Collins sits in Covington County, which averages a high of 94.1°F in its hottest month and a low of 34.0°F in its coldest, with 58.07" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,448 cooling and 2,046 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Covington County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Covington County
Full Covington County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Collins?
A $90,000 home in Collins, Mississippi costs approximately $873 per month with 20% down at 6.66%. That is $463 principal and interest, $40 property tax, $82 homeowners insurance, $213 utilities and $75 set aside for maintenance.
What is the property tax rate in Collins?
Collins has an effective property tax rate of 0.537%, based on a median home value of $90,400 and median real estate taxes of $485. That is lower than the Covington County average of 0.693%.
What is the average home price in Collins?
The median owner-occupied home value in Collins, Mississippi is $90,400, against $98,500 across Covington County.
Is it cheaper to rent or buy in Collins?
Median gross rent in Collins is $757 a month, against $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 Collins — 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.