Total monthly cost of ownership
Cost to Own a Home in Pearl, Mississippi
A $171,000 home here costs
$1,485per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $879. The real number is $606 higher every month — 69% 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.
Pearl against Rankin County and Mississippi
| Measure | Pearl | Rankin County |
|---|---|---|
| Median home value | $170,900 | $223,400 |
| Median property tax | $1,140 | $1,384 |
| Effective tax rate | 0.667% | 0.620% |
| Median gross rent | $1,152 | $1,210 |
| Population | 27,458 | 158,218 |
The weather behind that power bill
Pearl sits in Rankin County, which averages a high of 92.2°F in its hottest month and a low of 36.6°F in its coldest, with 57.35" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,402 cooling and 2,222 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Rankin County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Rankin County
Full Rankin County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Pearl?
A $171,000 home in Pearl, Mississippi costs approximately $1,485 per month with 20% down at 6.66%. That is $879 principal and interest, $95 property tax, $155 homeowners insurance, $213 utilities and $143 set aside for maintenance.
What is the property tax rate in Pearl?
Pearl has an effective property tax rate of 0.667%, based on a median home value of $170,900 and median real estate taxes of $1,140. That is higher than the Rankin County average of 0.620%.
What is the average home price in Pearl?
The median owner-occupied home value in Pearl, Mississippi is $170,900, against $223,400 across Rankin County.
Is it cheaper to rent or buy in Pearl?
Median gross rent in Pearl is $1,152 a month, against $1,485 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 Pearl — 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.