Total monthly cost of ownership
Cost to Own a Home in Chaffee, Missouri
A $121,000 home here costs
$1,114per 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 $47,500 a year.
A standard mortgage calculator would have told you $660. The real number is $454 higher every month, 69% more than the payment most buyers budget for.
Compare Scott County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Chaffee from a five-year rolling sample, and with about 3,039 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Scott County figures are drawn from a far larger sample if you want a steadier number.
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 $160 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
Talk to someone who works this market
These are Chaffee 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 Chaffee every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Chaffee?
A $121,000 home in Chaffee, Missouri costs approximately $1,114 per month with 20% down at 7.24%. That is $660 principal and interest, $62 property tax, $63 homeowners insurance, $228 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 $1,114 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 Chaffee?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Chaffee, Missouri at today's rate takes a household income of roughly $47,500 a year. That covers the full $1,114 monthly cost, not just the mortgage payment.
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.