Total monthly cost of ownership
Cost to Own a Home in Hamilton, Missouri
A $139,000 home here costs
$1,282per 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 $55,000 a year.
A standard mortgage calculator would have told you $758. The real number is $524 higher every month, 69% more than the payment most buyers budget for.
Compare Caldwell County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Hamilton from a five-year rolling sample, and with about 1,909 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 Caldwell 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.
Hamilton against Caldwell County and Missouri
| Measure | Hamilton | Caldwell County |
|---|---|---|
| Median home value | $139,200 | $156,700 |
| Median property tax | $1,296 | $1,230 |
| Effective tax rate | 0.931% | 0.785% |
| Median gross rent | $614 | $628 |
| Population | 1,909 | 8,890 |
The weather behind that power bill
Hamilton sits in Caldwell County, which averages a high of 86.8°F in its hottest month and a low of 15.6°F in its coldest, with 39.92" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 1,101 cooling and 5,790 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Caldwell County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Caldwell County
No other places of this size are published in Caldwell County.
Full Caldwell County cost breakdown · Every county in Missouri
Talk to someone who works this market
These are Hamilton 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 Hamilton every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Hamilton I already own here and may sell
Common questions
How much does it cost to own a home in Hamilton?
A $139,000 home in Hamilton, Missouri costs approximately $1,282 per month with 20% down at 7.24%. That is $758 principal and interest, $108 property tax, $72 homeowners insurance, $228 utilities and $116 set aside for maintenance.
What is the property tax rate in Hamilton?
Hamilton has an effective property tax rate of 0.931%, based on a median home value of $139,200 and median real estate taxes of $1,296. That is higher than the Caldwell County average of 0.785%.
What is the average home price in Hamilton?
The median owner-occupied home value in Hamilton, Missouri is $139,200, against $156,700 across Caldwell County.
Is it cheaper to rent or buy in Hamilton?
Median gross rent in Hamilton is $614 a month, against $1,282 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 Hamilton?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hamilton, Missouri at today's rate takes a household income of roughly $55,000 a year. That covers the full $1,282 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hamilton, 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.