Total monthly cost of ownership
Cost to Own a Home in West Point, Mississippi
A $119,000 home here costs
$1,115per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $612. The real number is $503 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.
West Point against Clay County and Mississippi
| Measure | West Point | Clay County |
|---|---|---|
| Median home value | $119,300 | $115,600 |
| Median property tax | $992 | $797 |
| Effective tax rate | 0.832% | 0.689% |
| Median gross rent | $678 | $718 |
| Population | 9,967 | 18,462 |
The weather behind that power bill
West Point sits in Clay County, which averages a high of 91.7°F in its hottest month and a low of 33.2°F in its coldest, with 57.98" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,207 cooling and 2,699 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Clay County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clay County
No other places of this size are published in Clay County.
Full Clay County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in West Point?
A $119,000 home in West Point, Mississippi costs approximately $1,115 per month with 20% down at 6.66%. That is $612 principal and interest, $83 property tax, $108 homeowners insurance, $213 utilities and $99 set aside for maintenance.
What is the property tax rate in West Point?
West Point has an effective property tax rate of 0.832%, based on a median home value of $119,300 and median real estate taxes of $992. That is higher than the Clay County average of 0.689%.
What is the average home price in West Point?
The median owner-occupied home value in West Point, Mississippi is $119,300, against $115,600 across Clay County.
Is it cheaper to rent or buy in West Point?
Median gross rent in West Point is $678 a month, against $1,115 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 West Point — 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.