Total monthly cost of ownership
Cost to Own a Home in Gloster, Mississippi
A $73,000 home here costs
$743per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $375. The real number is $368 higher every month — 98% 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.
Gloster against Amite County and Mississippi
| Measure | Gloster | Amite County |
|---|---|---|
| Median home value | $73,400 | $89,800 |
| Median property tax | $333 | $435 |
| Effective tax rate | 0.454% | 0.484% |
| Median gross rent | $576 | $689 |
| Population | 1,189 | 12,611 |
The weather behind that power bill
Gloster sits in Amite County, which averages a high of 91.9°F in its hottest month and a low of 36.7°F in its coldest, with 61.7" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,216 cooling and 2,108 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Amite County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Amite County
Full Amite County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Gloster?
A $73,000 home in Gloster, Mississippi costs approximately $743 per month with 20% down at 6.66%. That is $375 principal and interest, $28 property tax, $66 homeowners insurance, $213 utilities and $61 set aside for maintenance.
What is the property tax rate in Gloster?
Gloster has an effective property tax rate of 0.454%, based on a median home value of $73,400 and median real estate taxes of $333. That is lower than the Amite County average of 0.484%.
What is the average home price in Gloster?
The median owner-occupied home value in Gloster, Mississippi is $73,400, against $89,800 across Amite County.
Is it cheaper to rent or buy in Gloster?
Median gross rent in Gloster is $576 a month, against $743 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 Gloster — 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.