Total monthly cost of ownership
Cost to Own a Home in Chillicothe, Missouri
A $120,000 home here costs
$1,056per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $617. The real number is $439 higher every month — 71% 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.
Chillicothe against Livingston County and Missouri
| Measure | Chillicothe | Livingston County |
|---|---|---|
| Median home value | $119,900 | $138,300 |
| Median property tax | $1,026 | $1,243 |
| Effective tax rate | 0.856% | 0.899% |
| Median gross rent | $767 | $747 |
| Population | 9,129 | 14,330 |
The weather behind that power bill
Chillicothe sits in Livingston County, which averages a high of 87.3°F in its hottest month and a low of 16.3°F in its coldest, with 41.19" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 1,196 cooling and 5,682 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Livingston County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Livingston County
No other places of this size are published in Livingston County.
Full Livingston County cost breakdown · Every county in Missouri
Common questions
How much does it cost to own a home in Chillicothe?
A $120,000 home in Chillicothe, Missouri costs approximately $1,056 per month with 20% down at 6.66%. That is $617 principal and interest, $86 property tax, $63 homeowners insurance, $191 utilities and $100 set aside for maintenance.
What is the property tax rate in Chillicothe?
Chillicothe has an effective property tax rate of 0.856%, based on a median home value of $119,900 and median real estate taxes of $1,026. That is lower than the Livingston County average of 0.899%.
What is the average home price in Chillicothe?
The median owner-occupied home value in Chillicothe, Missouri is $119,900, against $138,300 across Livingston County.
Is it cheaper to rent or buy in Chillicothe?
Median gross rent in Chillicothe is $767 a month, against $1,056 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 Chillicothe — 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.