Total monthly cost of ownership
Cost to Own a Home in Nellieburg, Mississippi
A $120,000 home here costs
$1,130per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $617. The real number is $513 higher every month — 83% 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.
Nellieburg against Lauderdale County and Mississippi
| Measure | Nellieburg | Lauderdale County |
|---|---|---|
| Median home value | $120,200 | $124,500 |
| Median property tax | $1,098 | $1,223 |
| Effective tax rate | 0.913% | 0.982% |
| Median gross rent | $785 | $897 |
| Population | 1,297 | 71,984 |
The weather behind that power bill
Nellieburg sits in Lauderdale County, which averages a high of 93.3°F in its hottest month and a low of 36.4°F in its coldest, with 57" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,478 cooling and 2,115 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Lauderdale County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lauderdale County
Full Lauderdale County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Nellieburg?
A $120,000 home in Nellieburg, Mississippi costs approximately $1,130 per month with 20% down at 6.66%. That is $617 principal and interest, $91 property tax, $109 homeowners insurance, $213 utilities and $100 set aside for maintenance.
What is the property tax rate in Nellieburg?
Nellieburg has an effective property tax rate of 0.913%, based on a median home value of $120,200 and median real estate taxes of $1,098. That is lower than the Lauderdale County average of 0.982%.
What is the average home price in Nellieburg?
The median owner-occupied home value in Nellieburg, Mississippi is $120,200, against $124,500 across Lauderdale County.
Is it cheaper to rent or buy in Nellieburg?
Median gross rent in Nellieburg is $785 a month, against $1,130 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 Nellieburg — 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.