Total monthly cost of ownership
Cost to Own a Home in Pickens, Mississippi
A $104,000 home here costs
$1,053per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $45,000 a year.
A standard mortgage calculator would have told you $567. The real number is $486 higher every month, 86% more than the payment most buyers budget for.
Compare Holmes County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Pickens from a five-year rolling sample, and with about 1,235 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Holmes County figures are drawn from a far larger sample if you want a steadier number.
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 $167 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
Talk to someone who works this market
These are Pickens averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Pickens every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Pickens I already own here and may sell
Common questions
How much does it cost to own a home in Pickens?
A $104,000 home in Pickens, Mississippi costs approximately $1,053 per month with 20% down at 7.24%. That is $567 principal and interest, $71 property tax, $94 homeowners insurance, $235 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.
What salary do you need to buy a home in Pickens?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Pickens, Mississippi at today's rate takes a household income of roughly $45,000 a year. That covers the full $1,053 monthly cost, not just the mortgage payment.
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.