Total monthly cost of ownership
Cost to Own a Home in Gulf Hills, Mississippi
A $192,000 home here costs
$1,657per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $987. The real number is $670 higher every month — 68% 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.
Gulf Hills against Jackson County and Mississippi
| Measure | Gulf Hills | Jackson County |
|---|---|---|
| Median home value | $191,800 | $181,700 |
| Median property tax | $1,468 | $1,332 |
| Effective tax rate | 0.765% | 0.733% |
| Median gross rent | $1,201 | $1,087 |
| Population | 8,193 | 144,437 |
The weather behind that power bill
Gulf Hills sits in Jackson County, which averages a high of 90.9°F in its hottest month and a low of 40.9°F in its coldest, with 61.73" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 2,614 cooling and 1,558 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Jackson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jackson County
Full Jackson County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Gulf Hills?
A $192,000 home in Gulf Hills, Mississippi costs approximately $1,657 per month with 20% down at 6.66%. That is $987 principal and interest, $122 property tax, $174 homeowners insurance, $213 utilities and $160 set aside for maintenance.
What is the property tax rate in Gulf Hills?
Gulf Hills has an effective property tax rate of 0.765%, based on a median home value of $191,800 and median real estate taxes of $1,468. That is higher than the Jackson County average of 0.733%.
What is the average home price in Gulf Hills?
The median owner-occupied home value in Gulf Hills, Mississippi is $191,800, against $181,700 across Jackson County.
Is it cheaper to rent or buy in Gulf Hills?
Median gross rent in Gulf Hills is $1,201 a month, against $1,657 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 Gulf Hills — 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.