Total monthly cost of ownership
Cost to Own a Home in Houston, Mississippi
A $121,000 home here costs
$1,151per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $622. The real number is $529 higher every month — 85% 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.
Houston against Chickasaw County and Mississippi
| Measure | Houston | Chickasaw County |
|---|---|---|
| Median home value | $121,300 | $100,400 |
| Median property tax | $1,265 | $746 |
| Effective tax rate | 1.043% | 0.743% |
| Median gross rent | $720 | $702 |
| Population | 3,757 | 16,994 |
The weather behind that power bill
Houston sits in Chickasaw County, which averages a high of 90.6°F in its hottest month and a low of 32.3°F in its coldest, with 59.34" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,964 cooling and 2,913 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Chickasaw County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Chickasaw County
Full Chickasaw County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Houston?
A $121,000 home in Houston, Mississippi costs approximately $1,151 per month with 20% down at 6.66%. That is $622 principal and interest, $105 property tax, $110 homeowners insurance, $213 utilities and $101 set aside for maintenance.
What is the property tax rate in Houston?
Houston has an effective property tax rate of 1.043%, based on a median home value of $121,300 and median real estate taxes of $1,265. That is higher than the Chickasaw County average of 0.743%.
What is the average home price in Houston?
The median owner-occupied home value in Houston, Mississippi is $121,300, against $100,400 across Chickasaw County.
Is it cheaper to rent or buy in Houston?
Median gross rent in Houston is $720 a month, against $1,151 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 Houston — 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.