Total monthly cost of ownership
Cost to Own a Home in Morton, Mississippi
A $90,000 home here costs
$902per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $463. The real number is $440 higher every month — 95% 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.
Morton against Scott County and Mississippi
| Measure | Morton | Scott County |
|---|---|---|
| Median home value | $90,000 | $89,900 |
| Median property tax | $838 | $718 |
| Effective tax rate | 0.931% | 0.799% |
| Median gross rent | $932 | $888 |
| Population | 3,661 | 27,754 |
The weather behind that power bill
Morton sits in Scott County, which averages a high of 89.7°F in its hottest month and a low of 34.3°F in its coldest, with 58.22" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,910 cooling and 2,532 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Scott County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Scott County
Full Scott County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Morton?
A $90,000 home in Morton, Mississippi costs approximately $902 per month with 20% down at 6.66%. That is $463 principal and interest, $70 property tax, $82 homeowners insurance, $213 utilities and $75 set aside for maintenance.
What is the property tax rate in Morton?
Morton has an effective property tax rate of 0.931%, based on a median home value of $90,000 and median real estate taxes of $838. That is higher than the Scott County average of 0.799%.
What is the average home price in Morton?
The median owner-occupied home value in Morton, Mississippi is $90,000, against $89,900 across Scott County.
Is it cheaper to rent or buy in Morton?
Median gross rent in Morton is $932 a month, against $902 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Morton — 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.