Total monthly cost of ownership
Cost to Own a Home in Fulton, Mississippi
A $140,000 home here costs
$1,285per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $720. The real number is $565 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.
Fulton against Itawamba County and Mississippi
| Measure | Fulton | Itawamba County |
|---|---|---|
| Median home value | $140,300 | $122,400 |
| Median property tax | $1,307 | $779 |
| Effective tax rate | 0.932% | 0.636% |
| Median gross rent | $738 | $832 |
| Population | 4,511 | 23,942 |
The weather behind that power bill
Fulton sits in Itawamba County, which averages a high of 89.4°F in its hottest month and a low of 29.9°F in its coldest, with 61.5" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,713 cooling and 3,276 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Itawamba County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Itawamba County
Full Itawamba County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Fulton?
A $140,000 home in Fulton, Mississippi costs approximately $1,285 per month with 20% down at 6.66%. That is $720 principal and interest, $109 property tax, $127 homeowners insurance, $213 utilities and $117 set aside for maintenance.
What is the property tax rate in Fulton?
Fulton has an effective property tax rate of 0.932%, based on a median home value of $140,300 and median real estate taxes of $1,307. That is higher than the Itawamba County average of 0.636%.
What is the average home price in Fulton?
The median owner-occupied home value in Fulton, Mississippi is $140,300, against $122,400 across Itawamba County.
Is it cheaper to rent or buy in Fulton?
Median gross rent in Fulton is $738 a month, against $1,285 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 Fulton — 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.