Total monthly cost of ownership
Cost to Own a Home in Pearl River, Mississippi
A $55,000 home here costs
$608per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $283. The real number is $326 higher every month — 115% 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 River against Neshoba County and Mississippi
| Measure | Pearl River | Neshoba County |
|---|---|---|
| Median home value | $55,000 | $96,600 |
| Median property tax | $199 | $856 |
| Effective tax rate | 0.362% | 0.886% |
| Median gross rent | $545 | $759 |
| Population | 4,403 | 28,927 |
The weather behind that power bill
Pearl River sits in Neshoba 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 Neshoba County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Neshoba County
Full Neshoba County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Pearl River?
A $55,000 home in Pearl River, Mississippi costs approximately $608 per month with 20% down at 6.66%. That is $283 principal and interest, $17 property tax, $50 homeowners insurance, $213 utilities and $46 set aside for maintenance.
What is the property tax rate in Pearl River?
Pearl River has an effective property tax rate of 0.362%, based on a median home value of $55,000 and median real estate taxes of $199. That is lower than the Neshoba County average of 0.886%.
What is the average home price in Pearl River?
The median owner-occupied home value in Pearl River, Mississippi is $55,000, against $96,600 across Neshoba County.
Is it cheaper to rent or buy in Pearl River?
Median gross rent in Pearl River is $545 a month, against $608 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 River — 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.