Total monthly cost of ownership
Cost to Own a Home in Richton, Mississippi
A $138,000 home here costs
$1,249per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $709. The real number is $540 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.
Richton against Perry County and Mississippi
| Measure | Richton | Perry County |
|---|---|---|
| Median home value | $137,600 | $126,000 |
| Median property tax | — | $947 |
| Effective tax rate | 0.752% | 0.752% |
| Median gross rent | — | $650 |
| Population | 1,180 | 11,459 |
The weather behind that power bill
Richton sits in Perry County, which averages a high of 93.7°F in its hottest month and a low of 35.6°F in its coldest, with 63.86" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 2,501 cooling and 1,987 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Perry County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Perry County
No other places of this size are published in Perry County.
Full Perry County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Richton?
A $138,000 home in Richton, Mississippi costs approximately $1,249 per month with 20% down at 6.66%. That is $709 principal and interest, $86 property tax, $125 homeowners insurance, $213 utilities and $115 set aside for maintenance.
What is the property tax rate in Richton?
Place-level tax data is not published for Richton, so the Perry County rate of 0.752% applies here.
What is the average home price in Richton?
The median owner-occupied home value in Richton, Mississippi is $137,600, against $126,000 across Perry County.
Is it cheaper to rent or buy in Richton?
Rent data is not published for Richton at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Richton — 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.