Total monthly cost of ownership
Cost to Own a Home in Tchula, Mississippi
A $58,000 home here costs
$656per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $298. The real number is $358 higher every month — 120% 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.
Tchula against Holmes County and Mississippi
| Measure | Tchula | Holmes County |
|---|---|---|
| Median home value | $57,500 | $76,500 |
| Median property tax | — | $695 |
| Effective tax rate | 0.908% | 0.908% |
| Median gross rent | $557 | $589 |
| Population | 2,154 | 16,491 |
The weather behind that power bill
Tchula sits in Holmes County, which averages a high of 89.8°F in its hottest month and a low of 31.0°F in its coldest, with 56.55" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,786 cooling and 2,966 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Holmes County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Holmes County
Full Holmes County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Tchula?
A $58,000 home in Tchula, Mississippi costs approximately $656 per month with 20% down at 6.66%. That is $298 principal and interest, $44 property tax, $53 homeowners insurance, $213 utilities and $48 set aside for maintenance.
What is the property tax rate in Tchula?
Place-level tax data is not published for Tchula, so the Holmes County rate of 0.908% applies here.
What is the average home price in Tchula?
The median owner-occupied home value in Tchula, Mississippi is $57,500, against $76,500 across Holmes County.
Is it cheaper to rent or buy in Tchula?
Median gross rent in Tchula is $557 a month, against $656 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 Tchula — 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.