Total monthly cost of ownership
Cost to Own a Home in Shaw, Mississippi
A $84,000 home here costs
$835per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $432. The real number is $403 higher every month — 93% 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.
Shaw against Bolivar County and Mississippi
| Measure | Shaw | Bolivar County |
|---|---|---|
| Median home value | $84,200 | $123,600 |
| Median property tax | $526 | $961 |
| Effective tax rate | 0.625% | 0.778% |
| Median gross rent | $518 | $671 |
| Population | 1,586 | 30,163 |
Shaw extends across 2 counties. Figures here use Bolivar County, where most of its housing sits.
The weather behind that power bill
Shaw sits in Bolivar County, which averages a high of 93.1°F in its hottest month and a low of 33.2°F in its coldest, with 59.29" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,334 cooling and 2,824 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Bolivar County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bolivar County
Full Bolivar County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Shaw?
A $84,000 home in Shaw, Mississippi costs approximately $835 per month with 20% down at 6.66%. That is $432 principal and interest, $44 property tax, $76 homeowners insurance, $213 utilities and $70 set aside for maintenance.
What is the property tax rate in Shaw?
Shaw has an effective property tax rate of 0.625%, based on a median home value of $84,200 and median real estate taxes of $526. That is lower than the Bolivar County average of 0.778%.
What is the average home price in Shaw?
The median owner-occupied home value in Shaw, Mississippi is $84,200, against $123,600 across Bolivar County.
Is it cheaper to rent or buy in Shaw?
Median gross rent in Shaw is $518 a month, against $835 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 Shaw — 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.