Total monthly cost of ownership
Cost to Own a Home in Pickens, Mississippi
A $104,000 home here costs
$1,000per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $535. The real number is $465 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.
Pickens against Holmes County and Mississippi
| Measure | Pickens | Holmes County |
|---|---|---|
| Median home value | $104,200 | $76,500 |
| Median property tax | $850 | $695 |
| Effective tax rate | 0.816% | 0.908% |
| Median gross rent | — | $589 |
| Population | 1,235 | 16,491 |
The weather behind that power bill
Pickens sits in Holmes County, which averages a high of 89.8°F in its hottest month and a low of 31.0°F in its coldest, with 56.55" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,786 cooling and 2,966 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Holmes County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Holmes County
Full Holmes County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Pickens?
A $104,000 home in Pickens, Mississippi costs approximately $1,000 per month with 20% down at 6.66%. That is $535 principal and interest, $71 property tax, $94 homeowners insurance, $213 utilities and $87 set aside for maintenance.
What is the property tax rate in Pickens?
Pickens has an effective property tax rate of 0.816%, based on a median home value of $104,200 and median real estate taxes of $850. That is lower than the Holmes County average of 0.908%.
What is the average home price in Pickens?
The median owner-occupied home value in Pickens, Mississippi is $104,200, against $76,500 across Holmes County.
Is it cheaper to rent or buy in Pickens?
Rent data is not published for Pickens at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Pickens — 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.