Mortgage payment estimates, closing cost breakdowns, and homebuying data for Columbus, Mississippi.
Pre-filled with Columbus median home price and Mississippi tax/insurance rates. Adjust for your property.
Estimated closing costs based on Mississippi rates and fees applied to Columbus prices.
The median home price in Columbus is $155,000, 11% below the Mississippi state median of $175,000. With a population of 23,640, Columbus is a smaller market where home prices tend to be more accessible than in many parts of Mississippi.
Property taxes in Mississippi average 0.8% annually. This moderate property tax rate means a $155,000 home in Columbus would carry roughly $103/month in property taxes. Homeowners insurance in Mississippi runs approximately $2,400 per year. This is within the normal range nationally.
Average rent in Columbus is $820/month. The price-to-rent ratio in Columbus is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Columbus offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Mississippi's MHC Smart Solution program.