Total monthly cost of ownership
Cost to Own a Home in Mantachie, Mississippi
A $132,000 home here costs
$1,195per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $679. The real number is $516 higher every month — 76% 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.
Mantachie against Itawamba County and Mississippi
| Measure | Mantachie | Itawamba County |
|---|---|---|
| Median home value | $131,900 | $122,400 |
| Median property tax | $880 | $779 |
| Effective tax rate | 0.667% | 0.636% |
| Median gross rent | $953 | $832 |
| Population | 1,745 | 23,942 |
The weather behind that power bill
Mantachie sits in Itawamba County, which averages a high of 89.4°F in its hottest month and a low of 29.9°F in its coldest, with 61.5" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,713 cooling and 3,276 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Itawamba County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Itawamba County
Full Itawamba County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Mantachie?
A $132,000 home in Mantachie, Mississippi costs approximately $1,195 per month with 20% down at 6.66%. That is $679 principal and interest, $73 property tax, $120 homeowners insurance, $213 utilities and $110 set aside for maintenance.
What is the property tax rate in Mantachie?
Mantachie has an effective property tax rate of 0.667%, based on a median home value of $131,900 and median real estate taxes of $880. That is higher than the Itawamba County average of 0.636%.
What is the average home price in Mantachie?
The median owner-occupied home value in Mantachie, Mississippi is $131,900, against $122,400 across Itawamba County.
Is it cheaper to rent or buy in Mantachie?
Median gross rent in Mantachie is $953 a month, against $1,195 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 Mantachie — 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.