Total monthly cost of ownership
Cost to Own a Home in Fredericktown, Missouri
A $120,000 home here costs
$1,063per 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 $446 higher every month — 72% 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.
Fredericktown against Madison County and Missouri
| Measure | Fredericktown | Madison County |
|---|---|---|
| Median home value | $120,200 | $155,900 |
| Median property tax | $1,117 | $1,146 |
| Effective tax rate | 0.929% | 0.735% |
| Median gross rent | $845 | $817 |
| Population | 4,464 | 12,665 |
The weather behind that power bill
Fredericktown sits in Madison County, which averages a high of 87.9°F in its hottest month and a low of 20.8°F in its coldest, with 46.3" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,137 cooling and 4,931 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Madison County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Madison County
No other places of this size are published in Madison County.
Full Madison County cost breakdown · Every county in Missouri
Common questions
How much does it cost to own a home in Fredericktown?
A $120,000 home in Fredericktown, Missouri costs approximately $1,063 per month with 20% down at 6.66%. That is $617 principal and interest, $93 property tax, $63 homeowners insurance, $191 utilities and $100 set aside for maintenance.
What is the property tax rate in Fredericktown?
Fredericktown has an effective property tax rate of 0.929%, based on a median home value of $120,200 and median real estate taxes of $1,117. That is higher than the Madison County average of 0.735%.
What is the average home price in Fredericktown?
The median owner-occupied home value in Fredericktown, Missouri is $120,200, against $155,900 across Madison County.
Is it cheaper to rent or buy in Fredericktown?
Median gross rent in Fredericktown is $845 a month, against $1,063 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 Fredericktown — 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.