Total monthly cost of ownership
Cost to Own a Home in Marks, Mississippi
A $99,000 home here costs
$1,058per 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 $540. The real number is $519 higher every month, 96% more than the payment most buyers budget for.
Compare Quitman County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Marks from a five-year rolling sample, and with about 1,483 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 Quitman 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.
Marks against Quitman County and Mississippi
| Measure | Marks | Quitman County |
|---|---|---|
| Median home value | $99,300 | $68,600 |
| Median property tax | $1,345 | $792 |
| Effective tax rate | 1.354% | 1.155% |
| Median gross rent | $852 | $650 |
| Population | 1,483 | 5,908 |
The weather behind that power bill
Marks sits in Quitman County, which averages a high of 92.1°F in its hottest month and a low of 31.8°F in its coldest, with 56.71" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,158 cooling and 3,029 heating degree days, which is what sets the $167 electricity line above.
See the full climate breakdown for Quitman County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Quitman County
No other places of this size are published in Quitman County.
Full Quitman County cost breakdown · Every county in Mississippi
Talk to someone who works this market
These are Marks 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 Marks 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 Marks?
A $99,000 home in Marks, Mississippi costs approximately $1,058 per month with 20% down at 7.24%. That is $540 principal and interest, $112 property tax, $90 homeowners insurance, $235 utilities and $83 set aside for maintenance.
What is the property tax rate in Marks?
Marks has an effective property tax rate of 1.354%, based on a median home value of $99,300 and median real estate taxes of $1,345. That is higher than the Quitman County average of 1.155%.
What is the average home price in Marks?
The median owner-occupied home value in Marks, Mississippi is $99,300, against $68,600 across Quitman County.
Is it cheaper to rent or buy in Marks?
Median gross rent in Marks is $852 a month, against $1,058 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 Marks?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Marks, Mississippi at today's rate takes a household income of roughly $45,500 a year. That covers the full $1,058 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Marks, 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.