Total monthly cost of ownership
Cost to Own a Home in Macon, Mississippi
A $98,000 home here costs
$1,057per 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 $45,500 a year.
A standard mortgage calculator would have told you $534. The real number is $523 higher every month, 98% more than the payment most buyers budget for.
Compare Noxubee County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Macon from a five-year rolling sample, and with about 3,454 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 Noxubee 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.
Macon against Noxubee County and Mississippi
| Measure | Macon | Noxubee County |
|---|---|---|
| Median home value | $98,200 | $85,200 |
| Median property tax | $1,418 | $861 |
| Effective tax rate | 1.444% | 1.011% |
| Median gross rent | $620 | $590 |
| Population | 3,454 | 10,136 |
The weather behind that power bill
Macon sits in Noxubee County, which averages a high of 90.5°F in its hottest month and a low of 32.7°F in its coldest, with 57.17" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,982 cooling and 2,804 heating degree days, which is what sets the $167 electricity line above.
See the full climate breakdown for Noxubee County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Noxubee County
No other places of this size are published in Noxubee County.
Full Noxubee County cost breakdown · Every county in Mississippi
Talk to someone who works this market
These are Macon 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 Macon 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 Macon?
A $98,000 home in Macon, Mississippi costs approximately $1,057 per month with 20% down at 7.24%. That is $534 principal and interest, $118 property tax, $89 homeowners insurance, $235 utilities and $82 set aside for maintenance.
What is the property tax rate in Macon?
Macon has an effective property tax rate of 1.444%, based on a median home value of $98,200 and median real estate taxes of $1,418. That is higher than the Noxubee County average of 1.011%.
What is the average home price in Macon?
The median owner-occupied home value in Macon, Mississippi is $98,200, against $85,200 across Noxubee County.
Is it cheaper to rent or buy in Macon?
Median gross rent in Macon is $620 a month, against $1,057 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 Macon?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Macon, Mississippi at today's rate takes a household income of roughly $45,500 a year. That covers the full $1,057 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Macon, 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.