What are the median closing costs in Mississippi?

Median total closing costs — lender and third-party charges — on a home-purchase loan in Mississippi are about $6,243, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.

What is the effective property-tax rate in Mississippi?

The effective property-tax rate in Mississippi is about 0.72%, from the Census American Community Survey (median real estate taxes divided by median home value).

What does a median home cost to own each month in Mississippi?

A median $169,800 home in Mississippi costs about $1,439 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $1,298. Every figure is from public data.

Cost of Ownership · Mississippi

The true cost of owning a home in Mississippi

For a median $169,800 home in Mississippi, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.

As of Jul 8, 2026Methodology true-cost-v3

Lender-approved payment

$1,298/mo

PITI + PMI

True monthly cost

$1,439/mo

everything, incl. upkeep

The gap

+$142/mo

what approval leaves out

Principal & interest$974/mo

Property tax$101/mo

Homeowners insurance$159/mo

PMI (LTV > 80%)$64/mo

Maintenance reserve$142/mo

True monthly cost$1,439/mo

Effective property-tax rate

0.72%

Avg. homeowners premium

$1,907/yr

NFIP flood claims on record

64,278

Closing costs in Mississippi

Median closing costs and lender origination charges on real home-purchase loans in Mississippi, from public CFPB HMDA data. Cells with fewer than 25 loans aren't shown.

Median total closing costs

$6,243

Typically $4,142–$8,840

Median origination charges

$2,277

Typically $1,261–$3,948

Loan size	p25	Median	p75	Loans
All	$4,142	$6,243	$8,840	20,906
All	$3,833	$5,862	$8,423	20,242
< $250k	$3,864	$5,735	$7,643	11,758
< $250k	$3,562	$5,331	$7,268	12,453
$250k–$500k	$4,517	$7,517	$10,887	8,112
$250k–$500k	$4,299	$7,479	$11,006	7,016
$500k–$750k	$4,654	$6,089	$10,656	653
$500k–$750k	$4,751	$5,830	$10,548	816
> $750k	$5,792	$6,821	$10,548	220
> $750k	$5,359	$6,769	$8,913	120

Compare your own Loan Estimate with the Loan Estimate Decoder, or see every state in the Fee & Rate Index.

Common questions about buying a home in Mississippi

What are the median closing costs in Mississippi?: Median total closing costs — lender and third-party charges — on a home-purchase loan in Mississippi are about $6,243, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.
What is the effective property-tax rate in Mississippi?: The effective property-tax rate in Mississippi is about 0.72%, from the Census American Community Survey (median real estate taxes divided by median home value).
What does a median home cost to own each month in Mississippi?: A median $169,800 home in Mississippi costs about $1,439 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $1,298. Every figure is from public data.

These figures use Mississippi's median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how Mississippi ranks on property tax and insurance, or browse every state.