Total monthly cost of ownership
Cost to Own a Home in Ellisville, Mississippi
A $97,000 home here costs
$1,028per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $44,000 a year.
A standard mortgage calculator would have told you $529. The real number is $499 higher every month, 94% more than the payment most buyers budget for.
Compare Jones County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Ellisville from a five-year rolling sample, and with about 4,593 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Jones County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Ellisville against Jones County and Mississippi
| Measure | Ellisville | Jones County |
|---|---|---|
| Median home value | $97,000 | $126,800 |
| Median property tax | $1,146 | $1,116 |
| Effective tax rate | 1.181% | 0.880% |
| Median gross rent | $797 | $810 |
| Population | 4,593 | 66,839 |
The weather behind that power bill
Ellisville sits in Jones County, which averages a high of 93.2°F in its hottest month and a low of 34.6°F in its coldest, with 59.64" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,342 cooling and 2,138 heating degree days, which is what sets the $167 electricity line above.
See the full climate breakdown for Jones County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jones County
Full Jones County cost breakdown · Every county in Mississippi
Talk to someone who works this market
These are Ellisville averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Ellisville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Ellisville I already own here and may sell
Common questions
How much does it cost to own a home in Ellisville?
A $97,000 home in Ellisville, Mississippi costs approximately $1,028 per month with 20% down at 7.24%. That is $529 principal and interest, $95 property tax, $88 homeowners insurance, $235 utilities and $81 set aside for maintenance.
What is the property tax rate in Ellisville?
Ellisville has an effective property tax rate of 1.181%, based on a median home value of $97,000 and median real estate taxes of $1,146. That is higher than the Jones County average of 0.880%.
What is the average home price in Ellisville?
The median owner-occupied home value in Ellisville, Mississippi is $97,000, against $126,800 across Jones County.
Is it cheaper to rent or buy in Ellisville?
Median gross rent in Ellisville is $797 a month, against $1,028 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Ellisville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Ellisville, Mississippi at today's rate takes a household income of roughly $44,000 a year. That covers the full $1,028 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ellisville, 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.