Total monthly cost of ownership
Cost to Own a Home in Waynesboro, Mississippi
A $84,000 home here costs
$902per 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 $38,500 a year.
A standard mortgage calculator would have told you $458. The real number is $444 higher every month, 97% more than the payment most buyers budget for.
Compare Wayne County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Waynesboro from a five-year rolling sample, and with about 4,552 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 Wayne 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.
Waynesboro against Wayne County and Mississippi
| Measure | Waynesboro | Wayne County |
|---|---|---|
| Median home value | $84,400 | $88,000 |
| Median property tax | $759 | $686 |
| Effective tax rate | 0.899% | 0.780% |
| Median gross rent | $810 | $786 |
| Population | 4,552 | 19,699 |
The weather behind that power bill
Waynesboro sits in Wayne County, which averages a high of 91.8°F in its hottest month and a low of 36.1°F in its coldest, with 60.05" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,281 cooling and 2,194 heating degree days, which is what sets the $167 electricity line above.
See the full climate breakdown for Wayne County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wayne County
No other places of this size are published in Wayne County.
Full Wayne County cost breakdown · Every county in Mississippi
Talk to someone who works this market
These are Waynesboro 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 Waynesboro every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Waynesboro I already own here and may sell
Common questions
How much does it cost to own a home in Waynesboro?
A $84,000 home in Waynesboro, Mississippi costs approximately $902 per month with 20% down at 7.24%. That is $458 principal and interest, $63 property tax, $76 homeowners insurance, $235 utilities and $70 set aside for maintenance.
What is the property tax rate in Waynesboro?
Waynesboro has an effective property tax rate of 0.899%, based on a median home value of $84,400 and median real estate taxes of $759. That is higher than the Wayne County average of 0.780%.
What is the average home price in Waynesboro?
The median owner-occupied home value in Waynesboro, Mississippi is $84,400, against $88,000 across Wayne County.
Is it cheaper to rent or buy in Waynesboro?
Median gross rent in Waynesboro is $810 a month, against $902 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Waynesboro?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Waynesboro, Mississippi at today's rate takes a household income of roughly $38,500 a year. That covers the full $902 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Waynesboro, 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.