Total monthly cost of ownership
Cost to Own a Home in Diamondhead, Mississippi
A $237,000 home here costs
$1,990per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,218. The real number is $772 higher every month — 63% 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.
Diamondhead against Hancock County and Mississippi
| Measure | Diamondhead | Hancock County |
|---|---|---|
| Median home value | $236,700 | $206,600 |
| Median property tax | $1,756 | $1,485 |
| Effective tax rate | 0.742% | 0.719% |
| Median gross rent | $1,571 | $999 |
| Population | 9,338 | 46,057 |
The weather behind that power bill
Diamondhead sits in Hancock County, which averages a high of 88.8°F in its hottest month and a low of 39.8°F in its coldest, with 64.01" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,140 cooling and 1,911 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Hancock County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hancock County
Full Hancock County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Diamondhead?
A $237,000 home in Diamondhead, Mississippi costs approximately $1,990 per month with 20% down at 6.66%. That is $1,218 principal and interest, $147 property tax, $215 homeowners insurance, $213 utilities and $198 set aside for maintenance.
What is the property tax rate in Diamondhead?
Diamondhead has an effective property tax rate of 0.742%, based on a median home value of $236,700 and median real estate taxes of $1,756. That is higher than the Hancock County average of 0.719%.
What is the average home price in Diamondhead?
The median owner-occupied home value in Diamondhead, Mississippi is $236,700, against $206,600 across Hancock County.
Is it cheaper to rent or buy in Diamondhead?
Median gross rent in Diamondhead is $1,571 a month, against $1,990 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 Diamondhead — 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.