Total monthly cost of ownership
Cost to Own a Home in Decatur, Mississippi
A $126,000 home here costs
$1,161per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $648. The real number is $513 higher every month — 79% 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.
Decatur against Newton County and Mississippi
| Measure | Decatur | Newton County |
|---|---|---|
| Median home value | $125,800 | $102,700 |
| Median property tax | $969 | $821 |
| Effective tax rate | 0.770% | 0.799% |
| Median gross rent | $826 | $722 |
| Population | 2,025 | 21,151 |
The weather behind that power bill
Decatur sits in Newton County, which averages a high of 89.7°F in its hottest month and a low of 34.3°F in its coldest, with 58.22" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,910 cooling and 2,532 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Newton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Newton County
Full Newton County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Decatur?
A $126,000 home in Decatur, Mississippi costs approximately $1,161 per month with 20% down at 6.66%. That is $648 principal and interest, $81 property tax, $114 homeowners insurance, $213 utilities and $105 set aside for maintenance.
What is the property tax rate in Decatur?
Decatur has an effective property tax rate of 0.770%, based on a median home value of $125,800 and median real estate taxes of $969. That is lower than the Newton County average of 0.799%.
What is the average home price in Decatur?
The median owner-occupied home value in Decatur, Mississippi is $125,800, against $102,700 across Newton County.
Is it cheaper to rent or buy in Decatur?
Median gross rent in Decatur is $826 a month, against $1,161 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 Decatur — 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.