Total monthly cost of ownership
Cost to Own a Home in Gower, Missouri
A $190,000 home here costs
$1,663per month, all in, with 20% down at today's 7.32% 30-year fixed rate. By the 28% rule that takes a household income of about $71,500 a year.
A standard mortgage calculator would have told you $1,044. The real number is $619 higher every month, 59% more than the payment most buyers budget for.
Compare Buchanan County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Gower from a five-year rolling sample, and with about 1,677 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 Buchanan 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.
Gower against Buchanan County and Missouri
| Measure | Gower | Buchanan County |
|---|---|---|
| Median home value | $189,900 | $156,600 |
| Median property tax | $1,598 | $1,253 |
| Effective tax rate | 0.841% | 0.800% |
| Median gross rent | $820 | $889 |
| Population | 1,677 | 83,855 |
Gower extends across 2 counties. Figures here use Buchanan County, where most of its housing sits.
The weather behind that power bill
Gower sits in Buchanan County, which averages a high of 88.1°F in its hottest month and a low of 17.1°F in its coldest, with 34.76" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 1,288 cooling and 5,385 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Buchanan County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Buchanan County
Full Buchanan County cost breakdown · Every county in Missouri
Talk to someone who works this market
These are Gower 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 Gower every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Gower?
A $190,000 home in Gower, Missouri costs approximately $1,663 per month with 20% down at 7.32%. That is $1,044 principal and interest, $133 property tax, $99 homeowners insurance, $228 utilities and $158 set aside for maintenance.
What is the property tax rate in Gower?
Gower has an effective property tax rate of 0.841%, based on a median home value of $189,900 and median real estate taxes of $1,598. That is higher than the Buchanan County average of 0.800%.
What is the average home price in Gower?
The median owner-occupied home value in Gower, Missouri is $189,900, against $156,600 across Buchanan County.
Is it cheaper to rent or buy in Gower?
Median gross rent in Gower is $820 a month, against $1,663 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 Gower?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Gower, Missouri at today's rate takes a household income of roughly $71,500 a year. That covers the full $1,663 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Gower, 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.