Total monthly cost of ownership
Cost to Own a Home in Leakesville, Mississippi
A $111,000 home here costs
$1,039per 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 $468 higher every month — 82% 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.
Leakesville against Greene County and Mississippi
| Measure | Leakesville | Greene County |
|---|---|---|
| Median home value | $111,300 | $94,200 |
| Median property tax | $748 | $767 |
| Effective tax rate | 0.672% | 0.814% |
| Median gross rent | $826 | $811 |
| Population | 5,564 | 13,595 |
The weather behind that power bill
Leakesville sits in Greene County, which averages a high of 93.7°F in its hottest month and a low of 35.6°F in its coldest, with 63.86" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 2,501 cooling and 1,987 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Greene County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Greene County
No other places of this size are published in Greene County.
Full Greene County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Leakesville?
A $111,000 home in Leakesville, Mississippi costs approximately $1,039 per month with 20% down at 6.66%. That is $571 principal and interest, $62 property tax, $101 homeowners insurance, $213 utilities and $93 set aside for maintenance.
What is the property tax rate in Leakesville?
Leakesville has an effective property tax rate of 0.672%, based on a median home value of $111,300 and median real estate taxes of $748. That is lower than the Greene County average of 0.814%.
What is the average home price in Leakesville?
The median owner-occupied home value in Leakesville, Mississippi is $111,300, against $94,200 across Greene County.
Is it cheaper to rent or buy in Leakesville?
Median gross rent in Leakesville is $826 a month, against $1,039 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 Leakesville — 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.