Total monthly cost of ownership
Cost to Own a Home in Vardaman, Mississippi
A $55,000 home here costs
$645per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $283. The real number is $362 higher every month — 128% 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.
Vardaman against Calhoun County and Mississippi
| Measure | Vardaman | Calhoun County |
|---|---|---|
| Median home value | $55,000 | $82,900 |
| Median property tax | $639 | $566 |
| Effective tax rate | 1.162% | 0.683% |
| Median gross rent | $569 | $674 |
| Population | 1,004 | 13,029 |
The weather behind that power bill
Vardaman sits in Calhoun County, which averages a high of 91.1°F in its hottest month and a low of 31.9°F in its coldest, with 57.9" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,057 cooling and 2,813 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Calhoun County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Calhoun County
Full Calhoun County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Vardaman?
A $55,000 home in Vardaman, Mississippi costs approximately $645 per month with 20% down at 6.66%. That is $283 principal and interest, $53 property tax, $50 homeowners insurance, $213 utilities and $46 set aside for maintenance.
What is the property tax rate in Vardaman?
Vardaman has an effective property tax rate of 1.162%, based on a median home value of $55,000 and median real estate taxes of $639. That is higher than the Calhoun County average of 0.683%.
What is the average home price in Vardaman?
The median owner-occupied home value in Vardaman, Mississippi is $55,000, against $82,900 across Calhoun County.
Is it cheaper to rent or buy in Vardaman?
Median gross rent in Vardaman is $569 a month, against $645 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 Vardaman — 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.