Total monthly cost of ownership
Cost to Own a Home in Port Gibson, Mississippi
A $127,000 home here costs
$1,152per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $653. The real number is $499 higher every month — 76% 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.
Port Gibson against Claiborne County and Mississippi
| Measure | Port Gibson | Claiborne County |
|---|---|---|
| Median home value | $127,100 | $80,800 |
| Median property tax | $774 | $470 |
| Effective tax rate | 0.609% | 0.582% |
| Median gross rent | $499 | $651 |
| Population | 1,114 | 8,908 |
The weather behind that power bill
Port Gibson sits in Claiborne County, which averages a high of 93.4°F in its hottest month and a low of 35.7°F in its coldest, with 56.26" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,471 cooling and 2,163 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Claiborne County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Claiborne County
No other places of this size are published in Claiborne County.
Full Claiborne County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Port Gibson?
A $127,000 home in Port Gibson, Mississippi costs approximately $1,152 per month with 20% down at 6.66%. That is $653 principal and interest, $64 property tax, $115 homeowners insurance, $213 utilities and $106 set aside for maintenance.
What is the property tax rate in Port Gibson?
Port Gibson has an effective property tax rate of 0.609%, based on a median home value of $127,100 and median real estate taxes of $774. That is higher than the Claiborne County average of 0.582%.
What is the average home price in Port Gibson?
The median owner-occupied home value in Port Gibson, Mississippi is $127,100, against $80,800 across Claiborne County.
Is it cheaper to rent or buy in Port Gibson?
Median gross rent in Port Gibson is $499 a month, against $1,152 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 Port Gibson — 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.