Total monthly cost of ownership
Cost to Own a Home in Chaffee, Missouri
A $121,000 home here costs
$1,039per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $622. The real number is $416 higher every month — 67% 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.
Chaffee against Scott County and Missouri
| Measure | Chaffee | Scott County |
|---|---|---|
| Median home value | $120,900 | $143,700 |
| Median property tax | $739 | $936 |
| Effective tax rate | 0.611% | 0.651% |
| Median gross rent | $713 | $809 |
| Population | 3,039 | 37,967 |
The weather behind that power bill
Chaffee sits in Scott County, which averages a high of 89.2°F in its hottest month and a low of 26.2°F in its coldest, with 47.91" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,566 cooling and 4,177 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Scott County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Scott County
Common questions
How much does it cost to own a home in Chaffee?
A $121,000 home in Chaffee, Missouri costs approximately $1,039 per month with 20% down at 6.66%. That is $622 principal and interest, $62 property tax, $63 homeowners insurance, $191 utilities and $101 set aside for maintenance.
What is the property tax rate in Chaffee?
Chaffee has an effective property tax rate of 0.611%, based on a median home value of $120,900 and median real estate taxes of $739. That is lower than the Scott County average of 0.651%.
What is the average home price in Chaffee?
The median owner-occupied home value in Chaffee, Missouri is $120,900, against $143,700 across Scott County.
Is it cheaper to rent or buy in Chaffee?
Median gross rent in Chaffee is $713 a month, against $1,039 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 Chaffee — 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.