Total monthly cost of ownership
Cost to Own a Home in Maben, Mississippi
A $72,000 home here costs
$799per 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 $34,000 a year.
A standard mortgage calculator would have told you $393. The real number is $406 higher every month, 103% more than the payment most buyers budget for.
Compare Oktibbeha County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Maben from a five-year rolling sample, and with about 1,435 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 Oktibbeha 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.
Maben against Oktibbeha County and Mississippi
| Measure | Maben | Oktibbeha County |
|---|---|---|
| Median home value | $72,200 | $219,500 |
| Median property tax | — | $1,685 |
| Effective tax rate | 0.768% | 0.768% |
| Median gross rent | $533 | $873 |
| Population | 1,435 | 51,473 |
Maben extends across 2 counties. Figures here use Oktibbeha County, where most of its housing sits.
The weather behind that power bill
Maben sits in Oktibbeha County, which averages a high of 91.7°F in its hottest month and a low of 33.2°F in its coldest, with 57.98" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,207 cooling and 2,699 heating degree days, which is what sets the $167 electricity line above.
See the full climate breakdown for Oktibbeha County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Oktibbeha County
Full Oktibbeha County cost breakdown · Every county in Mississippi
Talk to someone who works this market
These are Maben 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 Maben every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Maben?
A $72,000 home in Maben, Mississippi costs approximately $799 per month with 20% down at 7.24%. That is $393 principal and interest, $46 property tax, $65 homeowners insurance, $235 utilities and $60 set aside for maintenance.
What is the property tax rate in Maben?
Place-level tax data is not published for Maben, so the Oktibbeha County rate of 0.768% applies here.
What is the average home price in Maben?
The median owner-occupied home value in Maben, Mississippi is $72,200, against $219,500 across Oktibbeha County.
Is it cheaper to rent or buy in Maben?
Median gross rent in Maben is $533 a month, against $799 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 Maben?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Maben, Mississippi at today's rate takes a household income of roughly $34,000 a year. That covers the full $799 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Maben, 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.