Total monthly cost of ownership
Cost to Own a Home in Ashland, Missouri
A $232,000 home here costs
$1,877per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,193. The real number is $684 higher every month — 57% 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.
Ashland against Boone County and Missouri
| Measure | Ashland | Boone County |
|---|---|---|
| Median home value | $231,700 | $254,100 |
| Median property tax | $2,148 | $2,232 |
| Effective tax rate | 0.927% | 0.878% |
| Median gross rent | $1,188 | $1,060 |
| Population | 4,811 | 185,874 |
The weather behind that power bill
Ashland sits in Boone County, which averages a high of 88.6°F in its hottest month and a low of 22.5°F in its coldest, with 44.82" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,487 cooling and 4,668 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Boone County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Boone County
Common questions
How much does it cost to own a home in Ashland?
A $232,000 home in Ashland, Missouri costs approximately $1,877 per month with 20% down at 6.66%. That is $1,193 principal and interest, $179 property tax, $121 homeowners insurance, $191 utilities and $193 set aside for maintenance.
What is the property tax rate in Ashland?
Ashland has an effective property tax rate of 0.927%, based on a median home value of $231,700 and median real estate taxes of $2,148. That is higher than the Boone County average of 0.878%.
What is the average home price in Ashland?
The median owner-occupied home value in Ashland, Missouri is $231,700, against $254,100 across Boone County.
Is it cheaper to rent or buy in Ashland?
Median gross rent in Ashland is $1,188 a month, against $1,877 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 Ashland — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Missouri.
- 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.