Total monthly cost of ownership
Cost to Own a Home in Collinsville, Mississippi
A $177,000 home here costs
$1,553per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $910. The real number is $643 higher every month — 71% 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.
Collinsville against Lauderdale County and Mississippi
| Measure | Collinsville | Lauderdale County |
|---|---|---|
| Median home value | $177,000 | $124,500 |
| Median property tax | $1,468 | $1,223 |
| Effective tax rate | 0.829% | 0.982% |
| Median gross rent | — | $897 |
| Population | 1,849 | 71,984 |
The weather behind that power bill
Collinsville sits in Lauderdale County, which averages a high of 93.3°F in its hottest month and a low of 36.4°F in its coldest, with 57" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,478 cooling and 2,115 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Lauderdale County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lauderdale County
Full Lauderdale County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Collinsville?
A $177,000 home in Collinsville, Mississippi costs approximately $1,553 per month with 20% down at 6.66%. That is $910 principal and interest, $122 property tax, $160 homeowners insurance, $213 utilities and $148 set aside for maintenance.
What is the property tax rate in Collinsville?
Collinsville has an effective property tax rate of 0.829%, based on a median home value of $177,000 and median real estate taxes of $1,468. That is lower than the Lauderdale County average of 0.982%.
What is the average home price in Collinsville?
The median owner-occupied home value in Collinsville, Mississippi is $177,000, against $124,500 across Lauderdale County.
Is it cheaper to rent or buy in Collinsville?
Rent data is not published for Collinsville at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Collinsville — 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.