Total monthly cost of ownership
Cost to Own a Home in Sardis, Mississippi
A $72,000 home here costs
$806per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $34,500 a year.
A standard mortgage calculator would have told you $393. The real number is $413 higher every month, 105% more than the payment most buyers budget for.
Compare Panola County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Sardis from a five-year rolling sample, and with about 2,525 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Panola County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Sardis against Panola County and Mississippi
| Measure | Sardis | Panola County |
|---|---|---|
| Median home value | $72,100 | $121,500 |
| Median property tax | $638 | $935 |
| Effective tax rate | 0.885% | 0.770% |
| Median gross rent | $716 | $859 |
| Population | 2,525 | 32,965 |
The weather behind that power bill
Sardis sits in Panola County, which averages a high of 91.6°F in its hottest month and a low of 30.8°F in its coldest, with 57.89" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,023 cooling and 3,106 heating degree days, which is what sets the $167 electricity line above.
See the full climate breakdown for Panola County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Panola County
Full Panola County cost breakdown · Every county in Mississippi
Talk to someone who works this market
These are Sardis averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Sardis every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Sardis I already own here and may sell
Common questions
How much does it cost to own a home in Sardis?
A $72,000 home in Sardis, Mississippi costs approximately $806 per month with 20% down at 7.24%. That is $393 principal and interest, $53 property tax, $65 homeowners insurance, $235 utilities and $60 set aside for maintenance.
What is the property tax rate in Sardis?
Sardis has an effective property tax rate of 0.885%, based on a median home value of $72,100 and median real estate taxes of $638. That is higher than the Panola County average of 0.770%.
What is the average home price in Sardis?
The median owner-occupied home value in Sardis, Mississippi is $72,100, against $121,500 across Panola County.
Is it cheaper to rent or buy in Sardis?
Median gross rent in Sardis is $716 a month, against $806 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Sardis?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Sardis, Mississippi at today's rate takes a household income of roughly $34,500 a year. That covers the full $806 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Sardis, 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.