Total monthly cost of ownership
Cost to Own a Home in Caruthersville, Missouri
A $119,000 home here costs
$1,079per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $612. The real number is $467 higher every month — 76% 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.
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 $123 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
Common questions
How much does it cost to own a home in Caruthersville?
A $119,000 home in Caruthersville, Missouri costs approximately $1,079 per month with 20% down at 6.66%. That is $612 principal and interest, $115 property tax, $62 homeowners insurance, $191 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 $1,079 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 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.