Total monthly cost of ownership
Cost to Own a Home in Holly Springs, Mississippi
A $111,000 home here costs
$1,074per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $571. The real number is $503 higher every month — 88% 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.
Holly Springs against Marshall County and Mississippi
| Measure | Holly Springs | Marshall County |
|---|---|---|
| Median home value | $110,900 | $172,200 |
| Median property tax | $1,163 | $1,286 |
| Effective tax rate | 1.049% | 0.747% |
| Median gross rent | $754 | $926 |
| Population | 6,861 | 33,899 |
The weather behind that power bill
Holly Springs sits in Marshall County, which averages a high of 88.7°F in its hottest month and a low of 29.0°F in its coldest, with 55.48" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,534 cooling and 3,480 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Marshall County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marshall County
Full Marshall County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Holly Springs?
A $111,000 home in Holly Springs, Mississippi costs approximately $1,074 per month with 20% down at 6.66%. That is $571 principal and interest, $97 property tax, $101 homeowners insurance, $213 utilities and $93 set aside for maintenance.
What is the property tax rate in Holly Springs?
Holly Springs has an effective property tax rate of 1.049%, based on a median home value of $110,900 and median real estate taxes of $1,163. That is higher than the Marshall County average of 0.747%.
What is the average home price in Holly Springs?
The median owner-occupied home value in Holly Springs, Mississippi is $110,900, against $172,200 across Marshall County.
Is it cheaper to rent or buy in Holly Springs?
Median gross rent in Holly Springs is $754 a month, against $1,074 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 Holly Springs — 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.