Total monthly cost of ownership
Cost to Own a Home in Natchez, Mississippi
A $114,000 home here costs
$1,094per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $586. The real number is $508 higher every month — 87% 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.
Natchez against Adams County and Mississippi
| Measure | Natchez | Adams County |
|---|---|---|
| Median home value | $114,100 | $106,300 |
| Median property tax | $1,153 | $941 |
| Effective tax rate | 1.011% | 0.885% |
| Median gross rent | $745 | $720 |
| Population | 14,207 | 29,098 |
The weather behind that power bill
Natchez sits in Adams County, which averages a high of 89.5°F in its hottest month and a low of 35.9°F in its coldest, with 60.13" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,106 cooling and 2,361 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Adams County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Adams County
No other places of this size are published in Adams County.
Full Adams County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Natchez?
A $114,000 home in Natchez, Mississippi costs approximately $1,094 per month with 20% down at 6.66%. That is $586 principal and interest, $96 property tax, $103 homeowners insurance, $213 utilities and $95 set aside for maintenance.
What is the property tax rate in Natchez?
Natchez has an effective property tax rate of 1.011%, based on a median home value of $114,100 and median real estate taxes of $1,153. That is higher than the Adams County average of 0.885%.
What is the average home price in Natchez?
The median owner-occupied home value in Natchez, Mississippi is $114,100, against $106,300 across Adams County.
Is it cheaper to rent or buy in Natchez?
Median gross rent in Natchez is $745 a month, against $1,094 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 Natchez — 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.