Total monthly cost of ownership
Cost to Own a Home in Moorhead, Mississippi
A $86,000 home here costs
$868per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $442. The real number is $426 higher every month — 96% 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.
Moorhead against Sunflower County and Mississippi
| Measure | Moorhead | Sunflower County |
|---|---|---|
| Median home value | $85,600 | $103,400 |
| Median property tax | — | $909 |
| Effective tax rate | 0.879% | 0.879% |
| Median gross rent | $780 | $670 |
| Population | 1,370 | 25,328 |
The weather behind that power bill
Moorhead sits in Sunflower County, which averages a high of 91.3°F in its hottest month and a low of 35.1°F in its coldest, with 55.76" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,353 cooling and 2,601 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Sunflower County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sunflower County
Full Sunflower County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Moorhead?
A $86,000 home in Moorhead, Mississippi costs approximately $868 per month with 20% down at 6.66%. That is $442 principal and interest, $63 property tax, $78 homeowners insurance, $213 utilities and $72 set aside for maintenance.
What is the property tax rate in Moorhead?
Place-level tax data is not published for Moorhead, so the Sunflower County rate of 0.879% applies here.
What is the average home price in Moorhead?
The median owner-occupied home value in Moorhead, Mississippi is $85,600, against $103,400 across Sunflower County.
Is it cheaper to rent or buy in Moorhead?
Median gross rent in Moorhead is $780 a month, against $868 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 Moorhead — 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.