Total monthly cost of ownership
Cost to Own a Home in Houston, Mississippi
A $121,000 home here costs
$1,210per 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 $52,000 a year.
A standard mortgage calculator would have told you $660. The real number is $550 higher every month, 83% more than the payment most buyers budget for.
Compare Chickasaw County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Houston from a five-year rolling sample, and with about 3,757 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 Chickasaw 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.
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 $167 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
Talk to someone who works this market
These are Houston 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 Houston every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Houston I already own here and may sell
Common questions
How much does it cost to own a home in Houston?
A $121,000 home in Houston, Mississippi costs approximately $1,210 per month with 20% down at 7.24%. That is $660 principal and interest, $105 property tax, $110 homeowners insurance, $235 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 $1,210 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Houston?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Houston, Mississippi at today's rate takes a household income of roughly $52,000 a year. That covers the full $1,210 monthly cost, not just the mortgage payment.
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.