Total monthly cost of ownership
Cost to Own a Home in Fulton, Missouri
A $145,000 home here costs
$1,257per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $745. The real number is $511 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.
Fulton against Callaway County and Missouri
| Measure | Fulton | Callaway County |
|---|---|---|
| Median home value | $144,500 | $196,200 |
| Median property tax | $1,483 | $1,549 |
| Effective tax rate | 1.026% | 0.790% |
| Median gross rent | $831 | $850 |
| Population | 12,611 | 44,541 |
The weather behind that power bill
Fulton sits in Callaway County, which averages a high of 85.5°F in its hottest month and a low of 19.6°F in its coldest, with 44.26" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,083 cooling and 5,281 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Callaway County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Callaway County
Full Callaway County cost breakdown · Every county in Missouri
Common questions
How much does it cost to own a home in Fulton?
A $145,000 home in Fulton, Missouri costs approximately $1,257 per month with 20% down at 6.66%. That is $745 principal and interest, $124 property tax, $76 homeowners insurance, $191 utilities and $121 set aside for maintenance.
What is the property tax rate in Fulton?
Fulton has an effective property tax rate of 1.026%, based on a median home value of $144,500 and median real estate taxes of $1,483. That is higher than the Callaway County average of 0.790%.
What is the average home price in Fulton?
The median owner-occupied home value in Fulton, Missouri is $144,500, against $196,200 across Callaway County.
Is it cheaper to rent or buy in Fulton?
Median gross rent in Fulton is $831 a month, against $1,257 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 Fulton — 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.