Total monthly cost of ownership
Cost to Own a Home in Lucedale, Mississippi
A $151,000 home here costs
$1,403per 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 $60,000 a year.
A standard mortgage calculator would have told you $823. The real number is $580 higher every month, 70% more than the payment most buyers budget for.
Compare George County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lucedale from a five-year rolling sample, and with about 2,944 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 George 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.
Lucedale against George County and Mississippi
| Measure | Lucedale | George County |
|---|---|---|
| Median home value | $151,200 | $168,100 |
| Median property tax | $991 | $1,086 |
| Effective tax rate | 0.655% | 0.646% |
| Median gross rent | $919 | $868 |
| Population | 2,944 | 24,870 |
The weather behind that power bill
Lucedale sits in George County, which averages a high of 90.9°F in its hottest month and a low of 40.7°F in its coldest, with 67.08" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,598 cooling and 1,616 heating degree days, which is what sets the $167 electricity line above.
See the full climate breakdown for George County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in George County
No other places of this size are published in George County.
Full George County cost breakdown · Every county in Mississippi
Talk to someone who works this market
These are Lucedale 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 Lucedale every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lucedale I already own here and may sell
Common questions
How much does it cost to own a home in Lucedale?
A $151,000 home in Lucedale, Mississippi costs approximately $1,403 per month with 20% down at 7.24%. That is $823 principal and interest, $82 property tax, $137 homeowners insurance, $235 utilities and $126 set aside for maintenance.
What is the property tax rate in Lucedale?
Lucedale has an effective property tax rate of 0.655%, based on a median home value of $151,200 and median real estate taxes of $991. That is in line with the George County average of 0.646%.
What is the average home price in Lucedale?
The median owner-occupied home value in Lucedale, Mississippi is $151,200, against $168,100 across George County.
Is it cheaper to rent or buy in Lucedale?
Median gross rent in Lucedale is $919 a month, against $1,403 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 Lucedale?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lucedale, Mississippi at today's rate takes a household income of roughly $60,000 a year. That covers the full $1,403 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lucedale, 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.