Total monthly cost of ownership
Cost to Own a Home in Hattiesburg, Mississippi
A $154,000 home here costs
$1,388per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $792. The real number is $596 higher every month — 75% 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.
Hattiesburg against Forrest County and Mississippi
| Measure | Hattiesburg | Forrest County |
|---|---|---|
| Median home value | $153,600 | $152,900 |
| Median property tax | $1,373 | $1,284 |
| Effective tax rate | 0.894% | 0.840% |
| Median gross rent | $995 | $960 |
| Population | 48,507 | 78,027 |
Hattiesburg extends across 2 counties. Figures here use Forrest County, where most of its housing sits.
The weather behind that power bill
Hattiesburg sits in Forrest County, which averages a high of 91.8°F in its hottest month and a low of 38.1°F in its coldest, with 58.91" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,479 cooling and 1,920 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Forrest County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Forrest County
Full Forrest County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Hattiesburg?
A $154,000 home in Hattiesburg, Mississippi costs approximately $1,388 per month with 20% down at 6.66%. That is $792 principal and interest, $115 property tax, $139 homeowners insurance, $213 utilities and $128 set aside for maintenance.
What is the property tax rate in Hattiesburg?
Hattiesburg has an effective property tax rate of 0.894%, based on a median home value of $153,600 and median real estate taxes of $1,373. That is higher than the Forrest County average of 0.840%.
What is the average home price in Hattiesburg?
The median owner-occupied home value in Hattiesburg, Mississippi is $153,600, against $152,900 across Forrest County.
Is it cheaper to rent or buy in Hattiesburg?
Median gross rent in Hattiesburg is $995 a month, against $1,388 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 Hattiesburg — 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.