Total monthly cost of ownership
Cost to Own a Home in Glasgow, Missouri
A $115,000 home here costs
$1,021per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $591. The real number is $430 higher every month — 73% 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.
Glasgow against Howard County and Missouri
| Measure | Glasgow | Howard County |
|---|---|---|
| Median home value | $115,400 | $145,300 |
| Median property tax | $1,006 | $1,262 |
| Effective tax rate | 0.872% | 0.869% |
| Median gross rent | $445 | $807 |
| Population | 1,054 | 10,141 |
Glasgow extends across 2 counties. Figures here use Howard County, where most of its housing sits.
The weather behind that power bill
Glasgow sits in Howard County, which averages a high of 87.2°F in its hottest month and a low of 18.3°F in its coldest, with 41.48" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,244 cooling and 5,215 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Howard County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Howard County
Full Howard County cost breakdown · Every county in Missouri
Common questions
How much does it cost to own a home in Glasgow?
A $115,000 home in Glasgow, Missouri costs approximately $1,021 per month with 20% down at 6.66%. That is $591 principal and interest, $84 property tax, $60 homeowners insurance, $191 utilities and $96 set aside for maintenance.
What is the property tax rate in Glasgow?
Glasgow has an effective property tax rate of 0.872%, based on a median home value of $115,400 and median real estate taxes of $1,006. That is in line with the Howard County average of 0.869%.
What is the average home price in Glasgow?
The median owner-occupied home value in Glasgow, Missouri is $115,400, against $145,300 across Howard County.
Is it cheaper to rent or buy in Glasgow?
Median gross rent in Glasgow is $445 a month, against $1,021 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 Glasgow — 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.