Total monthly cost of ownership
Cost to Own a Home in Taylorsville, Mississippi
A $135,000 home here costs
$1,211per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $694. The real number is $516 higher every month — 74% 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.
Taylorsville against Smith County and Mississippi
| Measure | Taylorsville | Smith County |
|---|---|---|
| Median home value | $134,500 | $114,000 |
| Median property tax | $818 | $521 |
| Effective tax rate | 0.608% | 0.457% |
| Median gross rent | $658 | $664 |
| Population | 1,997 | 14,193 |
The weather behind that power bill
Taylorsville sits in Smith County, which averages a high of 89.8°F in its hottest month and a low of 33.2°F in its coldest, with 61.61" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,808 cooling and 2,733 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Smith County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Smith County
Full Smith County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Taylorsville?
A $135,000 home in Taylorsville, Mississippi costs approximately $1,211 per month with 20% down at 6.66%. That is $694 principal and interest, $68 property tax, $122 homeowners insurance, $213 utilities and $113 set aside for maintenance.
What is the property tax rate in Taylorsville?
Taylorsville has an effective property tax rate of 0.608%, based on a median home value of $134,500 and median real estate taxes of $818. That is higher than the Smith County average of 0.457%.
What is the average home price in Taylorsville?
The median owner-occupied home value in Taylorsville, Mississippi is $134,500, against $114,000 across Smith County.
Is it cheaper to rent or buy in Taylorsville?
Median gross rent in Taylorsville is $658 a month, against $1,211 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 Taylorsville — 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.