Total monthly cost of ownership
Cost to Own a Home in Starkville, Mississippi
A $266,000 home here costs
$2,360per 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 $101,000 a year.
A standard mortgage calculator would have told you $1,450. The real number is $910 higher every month, 63% more than the payment most buyers budget for.
Compare Oktibbeha County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Starkville against Oktibbeha County and Mississippi
| Measure | Starkville | Oktibbeha County |
|---|---|---|
| Median home value | $265,900 | $219,500 |
| Median property tax | $2,548 | $1,685 |
| Effective tax rate | 0.958% | 0.768% |
| Median gross rent | $875 | $873 |
| Population | 25,611 | 51,473 |
The weather behind that power bill
Starkville sits in Oktibbeha County, which averages a high of 91.7°F in its hottest month and a low of 33.2°F in its coldest, with 57.98" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,207 cooling and 2,699 heating degree days, which is what sets the $167 electricity line above.
See the full climate breakdown for Oktibbeha County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Oktibbeha County
Full Oktibbeha County cost breakdown · Every county in Mississippi
Talk to someone who works this market
These are Starkville 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 Starkville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Starkville I already own here and may sell
Common questions
How much does it cost to own a home in Starkville?
A $266,000 home in Starkville, Mississippi costs approximately $2,360 per month with 20% down at 7.24%. That is $1,450 principal and interest, $212 property tax, $241 homeowners insurance, $235 utilities and $222 set aside for maintenance.
What is the property tax rate in Starkville?
Starkville has an effective property tax rate of 0.958%, based on a median home value of $265,900 and median real estate taxes of $2,548. That is higher than the Oktibbeha County average of 0.768%.
What is the average home price in Starkville?
The median owner-occupied home value in Starkville, Mississippi is $265,900, against $219,500 across Oktibbeha County.
Is it cheaper to rent or buy in Starkville?
Median gross rent in Starkville is $875 a month, against $2,360 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 Starkville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Starkville, Mississippi at today's rate takes a household income of roughly $101,000 a year. That covers the full $2,360 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Starkville, 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.