Total monthly cost of ownership
Cost to Own a Home in Flora, Mississippi
A $214,000 home here costs
$1,747per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,100. The real number is $647 higher every month — 59% 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.
Flora against Madison County and Mississippi
| Measure | Flora | Madison County |
|---|---|---|
| Median home value | $213,700 | $286,300 |
| Median property tax | $733 | $2,071 |
| Effective tax rate | 0.343% | 0.723% |
| Median gross rent | $536 | $1,097 |
| Population | 2,399 | 110,303 |
The weather behind that power bill
Flora sits in Madison County, which averages a high of 91.8°F in its hottest month and a low of 33.6°F in its coldest, with 57.05" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,083 cooling and 2,629 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Madison County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Madison County
Full Madison County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Flora?
A $214,000 home in Flora, Mississippi costs approximately $1,747 per month with 20% down at 6.66%. That is $1,100 principal and interest, $61 property tax, $194 homeowners insurance, $213 utilities and $178 set aside for maintenance.
What is the property tax rate in Flora?
Flora has an effective property tax rate of 0.343%, based on a median home value of $213,700 and median real estate taxes of $733. That is lower than the Madison County average of 0.723%.
What is the average home price in Flora?
The median owner-occupied home value in Flora, Mississippi is $213,700, against $286,300 across Madison County.
Is it cheaper to rent or buy in Flora?
Median gross rent in Flora is $536 a month, against $1,747 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 Flora — 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.