Total monthly cost of ownership
Cost to Own a Home in Union, Mississippi
A $106,000 home here costs
$993per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $545. The real number is $448 higher every month — 82% 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.
Union against Neshoba County and Mississippi
| Measure | Union | Neshoba County |
|---|---|---|
| Median home value | $105,600 | $96,600 |
| Median property tax | $599 | $856 |
| Effective tax rate | 0.567% | 0.886% |
| Median gross rent | $464 | $759 |
| Population | 2,289 | 28,927 |
Union extends across 2 counties. Figures here use Neshoba County, where most of its housing sits.
The weather behind that power bill
Union sits in Neshoba County, which averages a high of 89.7°F in its hottest month and a low of 34.3°F in its coldest, with 58.22" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,910 cooling and 2,532 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Neshoba County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Neshoba County
Full Neshoba County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Union?
A $106,000 home in Union, Mississippi costs approximately $993 per month with 20% down at 6.66%. That is $545 principal and interest, $50 property tax, $96 homeowners insurance, $213 utilities and $88 set aside for maintenance.
What is the property tax rate in Union?
Union has an effective property tax rate of 0.567%, based on a median home value of $105,600 and median real estate taxes of $599. That is lower than the Neshoba County average of 0.886%.
What is the average home price in Union?
The median owner-occupied home value in Union, Mississippi is $105,600, against $96,600 across Neshoba County.
Is it cheaper to rent or buy in Union?
Median gross rent in Union is $464 a month, against $993 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 Union — 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.