Total monthly cost of ownership
Cost to Own a Home in Lumberton, Mississippi
A $78,000 home here costs
$824per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $401. The real number is $423 higher every month — 106% 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.
Lumberton against Lamar County and Mississippi
| Measure | Lumberton | Lamar County |
|---|---|---|
| Median home value | $78,000 | $218,700 |
| Median property tax | $895 | $1,459 |
| Effective tax rate | 1.147% | 0.667% |
| Median gross rent | $832 | $1,061 |
| Population | 1,515 | 65,081 |
Lumberton extends across 2 counties. Figures here use Lamar County, where most of its housing sits.
The weather behind that power bill
Lumberton sits in Lamar County, which averages a high of 91.8°F in its hottest month and a low of 38.1°F in its coldest, with 58.91" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,479 cooling and 1,920 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Lamar County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lamar County
Full Lamar County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Lumberton?
A $78,000 home in Lumberton, Mississippi costs approximately $824 per month with 20% down at 6.66%. That is $401 principal and interest, $75 property tax, $71 homeowners insurance, $213 utilities and $65 set aside for maintenance.
What is the property tax rate in Lumberton?
Lumberton has an effective property tax rate of 1.147%, based on a median home value of $78,000 and median real estate taxes of $895. That is higher than the Lamar County average of 0.667%.
What is the average home price in Lumberton?
The median owner-occupied home value in Lumberton, Mississippi is $78,000, against $218,700 across Lamar County.
Is it cheaper to rent or buy in Lumberton?
Median gross rent in Lumberton is $832 a month, against $824 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lumberton — 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.