Total monthly cost of ownership
Cost to Own a Home in Eldon, Missouri
A $117,000 home here costs
$1,019per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $601. The real number is $418 higher every month — 69% 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.
Eldon against Miller County and Missouri
| Measure | Eldon | Miller County |
|---|---|---|
| Median home value | $116,900 | $169,800 |
| Median property tax | $822 | $1,065 |
| Effective tax rate | 0.703% | 0.627% |
| Median gross rent | $809 | $724 |
| Population | 4,486 | 25,081 |
The weather behind that power bill
Eldon sits in Miller County, which averages a high of 87.9°F in its hottest month and a low of 20.7°F in its coldest, with 42.96" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,315 cooling and 4,760 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Miller County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Miller County
No other places of this size are published in Miller County.
Full Miller County cost breakdown · Every county in Missouri
Common questions
How much does it cost to own a home in Eldon?
A $117,000 home in Eldon, Missouri costs approximately $1,019 per month with 20% down at 6.66%. That is $601 principal and interest, $69 property tax, $61 homeowners insurance, $191 utilities and $98 set aside for maintenance.
What is the property tax rate in Eldon?
Eldon has an effective property tax rate of 0.703%, based on a median home value of $116,900 and median real estate taxes of $822. That is higher than the Miller County average of 0.627%.
What is the average home price in Eldon?
The median owner-occupied home value in Eldon, Missouri is $116,900, against $169,800 across Miller County.
Is it cheaper to rent or buy in Eldon?
Median gross rent in Eldon is $809 a month, against $1,019 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 Eldon — 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.