Total monthly cost of ownership
Cost to Own a Home in Corinth, Mississippi
A $164,000 home here costs
$1,439per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $843. The real number is $596 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.
Corinth against Alcorn County and Mississippi
| Measure | Corinth | Alcorn County |
|---|---|---|
| Median home value | $164,200 | $132,300 |
| Median property tax | $1,173 | $788 |
| Effective tax rate | 0.714% | 0.596% |
| Median gross rent | $638 | $728 |
| Population | 14,450 | 34,500 |
The weather behind that power bill
Corinth sits in Alcorn County, which averages a high of 90.0°F in its hottest month and a low of 30.4°F in its coldest, with 58.82" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,771 cooling and 3,392 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Alcorn County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Alcorn County
Full Alcorn County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Corinth?
A $164,000 home in Corinth, Mississippi costs approximately $1,439 per month with 20% down at 6.66%. That is $843 principal and interest, $98 property tax, $149 homeowners insurance, $213 utilities and $137 set aside for maintenance.
What is the property tax rate in Corinth?
Corinth has an effective property tax rate of 0.714%, based on a median home value of $164,200 and median real estate taxes of $1,173. That is higher than the Alcorn County average of 0.596%.
What is the average home price in Corinth?
The median owner-occupied home value in Corinth, Mississippi is $164,200, against $132,300 across Alcorn County.
Is it cheaper to rent or buy in Corinth?
Median gross rent in Corinth is $638 a month, against $1,439 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 Corinth — 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.