Total monthly cost of ownership
Cost to Own a Home in Quitman, Mississippi
A $123,000 home here costs
$1,101per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $632. The real number is $469 higher every month — 74% 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.
Quitman against Clarke County and Mississippi
| Measure | Quitman | Clarke County |
|---|---|---|
| Median home value | $123,000 | $114,300 |
| Median property tax | $496 | $570 |
| Effective tax rate | 0.403% | 0.499% |
| Median gross rent | $925 | $803 |
| Population | 1,949 | 15,424 |
The weather behind that power bill
Quitman sits in Clarke County, which averages a high of 91.8°F in its hottest month and a low of 35.5°F in its coldest, with 61.46" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,340 cooling and 2,302 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Clarke County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clarke County
Full Clarke County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Quitman?
A $123,000 home in Quitman, Mississippi costs approximately $1,101 per month with 20% down at 6.66%. That is $632 principal and interest, $41 property tax, $111 homeowners insurance, $213 utilities and $103 set aside for maintenance.
What is the property tax rate in Quitman?
Quitman has an effective property tax rate of 0.403%, based on a median home value of $123,000 and median real estate taxes of $496. That is lower than the Clarke County average of 0.499%.
What is the average home price in Quitman?
The median owner-occupied home value in Quitman, Mississippi is $123,000, against $114,300 across Clarke County.
Is it cheaper to rent or buy in Quitman?
Median gross rent in Quitman is $925 a month, against $1,101 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 Quitman — 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.