Total monthly cost of ownership
Cost to Own a Home in Winona, Mississippi
A $94,000 home here costs
$926per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $483. The real number is $442 higher every month — 92% 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.
Winona against Montgomery County and Mississippi
| Measure | Winona | Montgomery County |
|---|---|---|
| Median home value | $93,500 | $110,700 |
| Median property tax | $783 | $992 |
| Effective tax rate | 0.837% | 0.896% |
| Median gross rent | $691 | $682 |
| Population | 4,319 | 9,708 |
The weather behind that power bill
Winona sits in Montgomery County, which averages a high of 89.6°F in its hottest month and a low of 29.2°F in its coldest, with 59.03" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,603 cooling and 3,305 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Montgomery County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Montgomery County
No other places of this size are published in Montgomery County.
Full Montgomery County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Winona?
A $94,000 home in Winona, Mississippi costs approximately $926 per month with 20% down at 6.66%. That is $483 principal and interest, $66 property tax, $85 homeowners insurance, $213 utilities and $78 set aside for maintenance.
What is the property tax rate in Winona?
Winona has an effective property tax rate of 0.837%, based on a median home value of $93,500 and median real estate taxes of $783. That is lower than the Montgomery County average of 0.896%.
What is the average home price in Winona?
The median owner-occupied home value in Winona, Mississippi is $93,500, against $110,700 across Montgomery County.
Is it cheaper to rent or buy in Winona?
Median gross rent in Winona is $691 a month, against $926 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 Winona — 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.