Total monthly cost of ownership
Cost to Own a Home in Pontotoc, Mississippi
A $144,000 home here costs
$1,265per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $740. The real number is $525 higher every month — 71% 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.
Pontotoc against Pontotoc County and Mississippi
| Measure | Pontotoc | Pontotoc County |
|---|---|---|
| Median home value | $144,300 | $141,700 |
| Median property tax | $739 | $935 |
| Effective tax rate | 0.512% | 0.660% |
| Median gross rent | $830 | $848 |
| Population | 5,717 | 31,312 |
The weather behind that power bill
Pontotoc sits in Pontotoc County, which averages a high of 89.5°F in its hottest month and a low of 31.4°F in its coldest, with 60.83" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,856 cooling and 3,066 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Pontotoc County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pontotoc County
Full Pontotoc County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Pontotoc?
A $144,000 home in Pontotoc, Mississippi costs approximately $1,265 per month with 20% down at 6.66%. That is $740 principal and interest, $61 property tax, $130 homeowners insurance, $213 utilities and $120 set aside for maintenance.
What is the property tax rate in Pontotoc?
Pontotoc has an effective property tax rate of 0.512%, based on a median home value of $144,300 and median real estate taxes of $739. That is lower than the Pontotoc County average of 0.660%.
What is the average home price in Pontotoc?
The median owner-occupied home value in Pontotoc, Mississippi is $144,300, against $141,700 across Pontotoc County.
Is it cheaper to rent or buy in Pontotoc?
Median gross rent in Pontotoc is $830 a month, against $1,265 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 Pontotoc — 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.