2026 data · 0.88% property tax · Median home $207,400
Missouri Mortgage Calculator
A median-priced home in Missouri ($207,400) costs roughly $1,399 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. Missouri's effective property tax rate is 0.88% — close to the US average of about 1.0%.
Missouri median-home monthly payment
$1,399/mo
P&I $1,104 · Tax $152 · Insurance $143
@ $207,400 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in Missouri
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $200,000 | $40,000 | $1,064 | $147 | $138 | $1,349 |
| $207,400 (state median) | $41,480 | $1,104 | $152 | $143 | $1,399 |
| $300,000 | $60,000 | $1,597 | $220 | $208 | $2,024 |
| $400,000 | $80,000 | $2,129 | $293 | $277 | $2,699 |
| $500,000 | $100,000 | $2,661 | $367 | $346 | $3,374 |
| $750,000 | $150,000 | $3,992 | $550 | $519 | $5,061 |
Calculations use Missouri's 0.88% effective property tax rate, estimated homeowners insurance at 0.83%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
Missouri property tax
Effective rate
0.88%
Median home value
$207,400
Median property tax
$1,808/yr
Missouri property tax rates are slightly below average. Senior/disabled credit (Circuit Breaker) provides up to $750 for renters or $1,100 for homeowners.
See our property tax calculator for a state-by-state property tax breakdown, and our Missouri paycheck calculator to estimate take-home pay against this monthly housing cost.
Missouri vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| Missouri (this page) | 0.88% | $207,400 | $1,808 | |
| Iowa | 1.40% | $185,100 | $2,650 | Iowa mortgage → |
| Illinois | 1.97% | $240,100 | $4,942 | Illinois mortgage → |
| Kentucky | 0.80% | $177,400 | $1,382 | Kentucky mortgage → |
| Tennessee | 0.56% | $269,600 | $1,520 | Tennessee mortgage → |
FAQs about Missouri mortgages
What is the property tax rate in Missouri?
Missouri's effective property tax rate is 0.88%, meaning the average homeowner pays roughly 0.88% of their home's value in property tax annually. On a $207,400 home (the state median), that's about $1,808 per year, or $151 per month added to your mortgage payment.
What is the average monthly mortgage payment in Missouri?
For a home at Missouri's median value of $207,400, assuming 20% down, a 30-year fixed mortgage at 7.0%, and Missouri's 0.88% property tax + estimated insurance, the typical monthly PITI payment is approximately $1,399. This includes $1,104 principal & interest, $152 property tax, and $143 homeowners insurance.
How much income do I need to buy a house in Missouri?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $59,957 to comfortably afford Missouri's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $39,042 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is Missouri a good state to buy a house?
Missouri's combination of 0.88% property tax (near the national average of ~1.0%) and median home value of $207,400 make it one of the more affordable states for homeowners. Missouri property tax rates are slightly below average.
How does Missouri property tax compare to neighboring states?
Missouri's 0.88% rate compares to: Iowa at 1.40%, Illinois at 1.97%, Kentucky at 0.80%, Tennessee at 0.56%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does Missouri have a homestead exemption?
Missouri offers various property tax relief programs. Missouri property tax rates are slightly below average. Senior/disabled credit (Circuit Breaker) provides up to $750 for renters or $1,100 for homeowners. Check with your county assessor for primary-residence exemptions and senior/disabled programs that may reduce your annual property tax bill.
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your Missouri mortgage, the breakdown on a median-priced home would be: Principal & Interest $1,104, Property Tax $152, Homeowners Insurance $143. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.