Total monthly cost of ownership
Cost to Own a Home in Ellington, Missouri
A $70,000 home here costs
$737per 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 $31,500 a year.
A standard mortgage calculator would have told you $382. The real number is $356 higher every month, 93% more than the payment most buyers budget for.
Compare Reynolds County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Ellington from a five-year rolling sample, and with about 1,104 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 Reynolds 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.
Ellington against Reynolds County and Missouri
| Measure | Ellington | Reynolds County |
|---|---|---|
| Median home value | $70,000 | $119,900 |
| Median property tax | $391 | $553 |
| Effective tax rate | 0.559% | 0.461% |
| Median gross rent | $678 | $627 |
| Population | 1,104 | 6,058 |
The weather behind that power bill
Ellington sits in Reynolds County, which averages a high of 89.4°F in its hottest month and a low of 23.0°F in its coldest, with 48.73" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,392 cooling and 4,452 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Reynolds County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Reynolds County
No other places of this size are published in Reynolds County.
Full Reynolds County cost breakdown · Every county in Missouri
Talk to someone who works this market
These are Ellington 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 Ellington every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Ellington I already own here and may sell
Common questions
How much does it cost to own a home in Ellington?
A $70,000 home in Ellington, Missouri costs approximately $737 per month with 20% down at 7.24%. That is $382 principal and interest, $33 property tax, $36 homeowners insurance, $228 utilities and $58 set aside for maintenance.
What is the property tax rate in Ellington?
Ellington has an effective property tax rate of 0.559%, based on a median home value of $70,000 and median real estate taxes of $391. That is higher than the Reynolds County average of 0.461%.
What is the average home price in Ellington?
The median owner-occupied home value in Ellington, Missouri is $70,000, against $119,900 across Reynolds County.
Is it cheaper to rent or buy in Ellington?
Median gross rent in Ellington is $678 a month, against $737 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 Ellington?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Ellington, Missouri at today's rate takes a household income of roughly $31,500 a year. That covers the full $737 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ellington, 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.