Total monthly cost of ownership
Cost to Own a Home in Victoria, Mississippi
A $176,000 home here costs
$1,598per 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 $68,500 a year.
A standard mortgage calculator would have told you $960. The real number is $639 higher every month, 67% more than the payment most buyers budget for.
Compare Marshall County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Victoria from a five-year rolling sample, and with about 1,208 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Marshall County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Victoria against Marshall County and Mississippi
| Measure | Victoria | Marshall County |
|---|---|---|
| Median home value | $175,600 | $172,200 |
| Median property tax | $1,169 | $1,286 |
| Effective tax rate | 0.666% | 0.747% |
| Median gross rent | — | $926 |
| Population | 1,208 | 33,899 |
The weather behind that power bill
Victoria sits in Marshall County, which averages a high of 88.7°F in its hottest month and a low of 29.0°F in its coldest, with 55.48" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,534 cooling and 3,480 heating degree days, which is what sets the $167 electricity line above.
See the full climate breakdown for Marshall County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marshall County
Full Marshall County cost breakdown · Every county in Mississippi
Talk to someone who works this market
These are Victoria 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 Victoria every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Victoria I already own here and may sell
Common questions
How much does it cost to own a home in Victoria?
A $176,000 home in Victoria, Mississippi costs approximately $1,598 per month with 20% down at 7.24%. That is $960 principal and interest, $98 property tax, $159 homeowners insurance, $235 utilities and $147 set aside for maintenance.
What is the property tax rate in Victoria?
Victoria has an effective property tax rate of 0.666%, based on a median home value of $175,600 and median real estate taxes of $1,169. That is lower than the Marshall County average of 0.747%.
What is the average home price in Victoria?
The median owner-occupied home value in Victoria, Mississippi is $175,600, against $172,200 across Marshall County.
Is it cheaper to rent or buy in Victoria?
Rent data is not published for Victoria at this level of detail.
What salary do you need to buy a home in Victoria?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Victoria, Mississippi at today's rate takes a household income of roughly $68,500 a year. That covers the full $1,598 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Victoria, 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.