Total monthly cost of ownership
Cost to Own a Home in Wade, Mississippi
A $208,000 home here costs
$1,837per 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 $78,500 a year.
A standard mortgage calculator would have told you $1,134. The real number is $703 higher every month, 62% more than the payment most buyers budget for.
Compare Jackson County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Wade from a five-year rolling sample, and with about 1,380 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 Jackson 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.
Wade against Jackson County and Mississippi
| Measure | Wade | Jackson County |
|---|---|---|
| Median home value | $207,900 | $181,700 |
| Median property tax | $1,273 | $1,332 |
| Effective tax rate | 0.612% | 0.733% |
| Median gross rent | — | $1,087 |
| Population | 1,380 | 144,437 |
The weather behind that power bill
Wade sits in Jackson County, which averages a high of 90.9°F in its hottest month and a low of 40.9°F in its coldest, with 61.73" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 2,614 cooling and 1,558 heating degree days, which is what sets the $167 electricity line above.
See the full climate breakdown for Jackson County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jackson County
Full Jackson County cost breakdown · Every county in Mississippi
Talk to someone who works this market
These are Wade 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 Wade every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Wade?
A $208,000 home in Wade, Mississippi costs approximately $1,837 per month with 20% down at 7.24%. That is $1,134 principal and interest, $106 property tax, $188 homeowners insurance, $235 utilities and $173 set aside for maintenance.
What is the property tax rate in Wade?
Wade has an effective property tax rate of 0.612%, based on a median home value of $207,900 and median real estate taxes of $1,273. That is lower than the Jackson County average of 0.733%.
What is the average home price in Wade?
The median owner-occupied home value in Wade, Mississippi is $207,900, against $181,700 across Jackson County.
Is it cheaper to rent or buy in Wade?
Rent data is not published for Wade at this level of detail.
What salary do you need to buy a home in Wade?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Wade, Mississippi at today's rate takes a household income of roughly $78,500 a year. That covers the full $1,837 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Wade, 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.