Total monthly cost of ownership
Cost to Own a Home in Hide-A-Way Lake, Mississippi
A $196,000 home here costs
$1,747per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $75,000 a year.
A standard mortgage calculator would have told you $1,069. The real number is $678 higher every month, 63% more than the payment most buyers budget for.
Compare Pearl River County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Hide-A-Way Lake from a five-year rolling sample, and with about 2,615 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Pearl River County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Hide-A-Way Lake against Pearl River County and Mississippi
| Measure | Hide-A-Way Lake | Pearl River County |
|---|---|---|
| Median home value | $195,500 | $174,500 |
| Median property tax | $1,228 | $1,181 |
| Effective tax rate | 0.628% | 0.677% |
| Median gross rent | — | $887 |
| Population | 2,615 | 56,781 |
The weather behind that power bill
Hide-A-Way Lake sits in Pearl River County, which averages a high of 91.0°F in its hottest month and a low of 38.6°F in its coldest, with 64.98" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,320 cooling and 1,931 heating degree days, which is what sets the $167 electricity line above.
See the full climate breakdown for Pearl River County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pearl River County
Full Pearl River County cost breakdown · Every county in Mississippi
Talk to someone who works this market
These are Hide-A-Way Lake averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Hide-A-Way Lake every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Hide-A-Way Lake I already own here and may sell
Common questions
How much does it cost to own a home in Hide-A-Way Lake?
A $196,000 home in Hide-A-Way Lake, Mississippi costs approximately $1,747 per month with 20% down at 7.24%. That is $1,069 principal and interest, $103 property tax, $178 homeowners insurance, $235 utilities and $163 set aside for maintenance.
What is the property tax rate in Hide-A-Way Lake?
Hide-A-Way Lake has an effective property tax rate of 0.628%, based on a median home value of $195,500 and median real estate taxes of $1,228. That is lower than the Pearl River County average of 0.677%.
What is the average home price in Hide-A-Way Lake?
The median owner-occupied home value in Hide-A-Way Lake, Mississippi is $195,500, against $174,500 across Pearl River County.
Is it cheaper to rent or buy in Hide-A-Way Lake?
Rent data is not published for Hide-A-Way Lake at this level of detail.
What salary do you need to buy a home in Hide-A-Way Lake?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hide-A-Way Lake, Mississippi at today's rate takes a household income of roughly $75,000 a year. That covers the full $1,747 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hide-A-Way Lake, 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.