Total monthly cost of ownership
Cost to Own a Home in Ruleville, Mississippi
A $95,000 home here costs
$972per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $488. The real number is $484 higher every month — 99% 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.
Ruleville against Sunflower County and Mississippi
| Measure | Ruleville | Sunflower County |
|---|---|---|
| Median home value | $94,700 | $103,400 |
| Median property tax | $1,259 | $909 |
| Effective tax rate | 1.329% | 0.879% |
| Median gross rent | $633 | $670 |
| Population | 2,859 | 25,328 |
The weather behind that power bill
Ruleville sits in Sunflower County, which averages a high of 91.3°F in its hottest month and a low of 35.1°F in its coldest, with 55.76" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,353 cooling and 2,601 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Sunflower County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sunflower County
Full Sunflower County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Ruleville?
A $95,000 home in Ruleville, Mississippi costs approximately $972 per month with 20% down at 6.66%. That is $488 principal and interest, $105 property tax, $86 homeowners insurance, $213 utilities and $79 set aside for maintenance.
What is the property tax rate in Ruleville?
Ruleville has an effective property tax rate of 1.329%, based on a median home value of $94,700 and median real estate taxes of $1,259. That is higher than the Sunflower County average of 0.879%.
What is the average home price in Ruleville?
The median owner-occupied home value in Ruleville, Mississippi is $94,700, against $103,400 across Sunflower County.
Is it cheaper to rent or buy in Ruleville?
Median gross rent in Ruleville is $633 a month, against $972 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 Ruleville — 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.