Total monthly cost of ownership
Cost to Own a Home in Itta Bena, Mississippi
A $100,000 home here costs
$968per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $514. The real number is $453 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.
Itta Bena against Leflore County and Mississippi
| Measure | Itta Bena | Leflore County |
|---|---|---|
| Median home value | $100,200 | $98,200 |
| Median property tax | $797 | $1,037 |
| Effective tax rate | 0.795% | 1.056% |
| Median gross rent | $548 | $701 |
| Population | 1,735 | 27,432 |
The weather behind that power bill
Itta Bena sits in Leflore County, which averages a high of 91.9°F in its hottest month and a low of 34.7°F in its coldest, with 51.78" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,243 cooling and 2,573 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Leflore County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Leflore County
Full Leflore County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Itta Bena?
A $100,000 home in Itta Bena, Mississippi costs approximately $968 per month with 20% down at 6.66%. That is $514 principal and interest, $66 property tax, $91 homeowners insurance, $213 utilities and $83 set aside for maintenance.
What is the property tax rate in Itta Bena?
Itta Bena has an effective property tax rate of 0.795%, based on a median home value of $100,200 and median real estate taxes of $797. That is lower than the Leflore County average of 1.056%.
What is the average home price in Itta Bena?
The median owner-occupied home value in Itta Bena, Mississippi is $100,200, against $98,200 across Leflore County.
Is it cheaper to rent or buy in Itta Bena?
Median gross rent in Itta Bena is $548 a month, against $968 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 Itta Bena — 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.