Total monthly cost of ownership
Cost to Own a Home in Charleston, Missouri
A $108,000 home here costs
$967per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $555. The real number is $412 higher every month — 74% 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.
Charleston against Mississippi County and Missouri
| Measure | Charleston | Mississippi County |
|---|---|---|
| Median home value | $107,700 | $100,300 |
| Median property tax | $897 | $880 |
| Effective tax rate | 0.833% | 0.877% |
| Median gross rent | $734 | $782 |
| Population | 4,565 | 12,079 |
The weather behind that power bill
Charleston sits in Mississippi County, which averages a high of 88.7°F in its hottest month and a low of 26.0°F in its coldest, with 51" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,592 cooling and 4,075 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Mississippi County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Mississippi County
Full Mississippi County cost breakdown · Every county in Missouri
Common questions
How much does it cost to own a home in Charleston?
A $108,000 home in Charleston, Missouri costs approximately $967 per month with 20% down at 6.66%. That is $555 principal and interest, $75 property tax, $56 homeowners insurance, $191 utilities and $90 set aside for maintenance.
What is the property tax rate in Charleston?
Charleston has an effective property tax rate of 0.833%, based on a median home value of $107,700 and median real estate taxes of $897. That is lower than the Mississippi County average of 0.877%.
What is the average home price in Charleston?
The median owner-occupied home value in Charleston, Missouri is $107,700, against $100,300 across Mississippi County.
Is it cheaper to rent or buy in Charleston?
Median gross rent in Charleston is $734 a month, against $967 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 Charleston — 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.