Total monthly cost of ownership
Cost to Own a Home in Caruthersville, Missouri
A $119,000 home here costs
$1,153per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $49,500 a year.
A standard mortgage calculator would have told you $649. The real number is $504 higher every month, 78% more than the payment most buyers budget for.
Compare Pemiscot County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Caruthersville against Pemiscot County and Missouri
| Measure | Caruthersville | Pemiscot County |
|---|---|---|
| Median home value | $118,700 | $95,900 |
| Median property tax | $1,375 | $970 |
| Effective tax rate | 1.158% | 1.011% |
| Median gross rent | $771 | $708 |
| Population | 5,426 | 15,232 |
The weather behind that power bill
Caruthersville sits in Pemiscot County, which averages a high of 90.1°F in its hottest month and a low of 29.6°F in its coldest, with 55.26" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,908 cooling and 3,595 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Pemiscot County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pemiscot County
Full Pemiscot County cost breakdown · Every county in Missouri
Talk to someone who works this market
These are Caruthersville averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Caruthersville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Caruthersville I already own here and may sell
Common questions
How much does it cost to own a home in Caruthersville?
A $119,000 home in Caruthersville, Missouri costs approximately $1,153 per month with 20% down at 7.24%. That is $649 principal and interest, $115 property tax, $62 homeowners insurance, $228 utilities and $99 set aside for maintenance.
What is the property tax rate in Caruthersville?
Caruthersville has an effective property tax rate of 1.158%, based on a median home value of $118,700 and median real estate taxes of $1,375. That is higher than the Pemiscot County average of 1.011%.
What is the average home price in Caruthersville?
The median owner-occupied home value in Caruthersville, Missouri is $118,700, against $95,900 across Pemiscot County.
Is it cheaper to rent or buy in Caruthersville?
Median gross rent in Caruthersville is $771 a month, against $1,153 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Caruthersville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Caruthersville, Missouri at today's rate takes a household income of roughly $49,500 a year. That covers the full $1,153 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Caruthersville, 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.