Total monthly cost of ownership
Cost to Own a Home in Greenville, Mississippi
A $101,000 home here costs
$989per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $519. The real number is $470 higher every month — 90% 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.
Greenville against Washington County and Mississippi
| Measure | Greenville | Washington County |
|---|---|---|
| Median home value | $100,800 | $99,300 |
| Median property tax | $967 | $837 |
| Effective tax rate | 0.959% | 0.843% |
| Median gross rent | $824 | $786 |
| Population | 28,833 | 43,674 |
The weather behind that power bill
Greenville sits in Washington County, which averages a high of 92.5°F in its hottest month and a low of 35.1°F in its coldest, with 49" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,295 cooling and 2,619 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Washington County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Washington County
Full Washington County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Greenville?
A $101,000 home in Greenville, Mississippi costs approximately $989 per month with 20% down at 6.66%. That is $519 principal and interest, $81 property tax, $91 homeowners insurance, $213 utilities and $84 set aside for maintenance.
What is the property tax rate in Greenville?
Greenville has an effective property tax rate of 0.959%, based on a median home value of $100,800 and median real estate taxes of $967. That is higher than the Washington County average of 0.843%.
What is the average home price in Greenville?
The median owner-occupied home value in Greenville, Mississippi is $100,800, against $99,300 across Washington County.
Is it cheaper to rent or buy in Greenville?
Median gross rent in Greenville is $824 a month, against $989 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 Greenville — 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.