Total monthly cost of ownership
Cost to Own a Home in Hannibal, Missouri
A $126,000 home here costs
$1,110per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $648. The real number is $462 higher every month — 71% 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.
Hannibal against Marion County and Missouri
| Measure | Hannibal | Marion County |
|---|---|---|
| Median home value | $126,300 | $158,100 |
| Median property tax | $1,205 | $1,373 |
| Effective tax rate | 0.954% | 0.868% |
| Median gross rent | $821 | $813 |
| Population | 16,825 | 28,493 |
Hannibal extends across 2 counties. Figures here use Marion County, where most of its housing sits.
The weather behind that power bill
Hannibal sits in Marion County, which averages a high of 86.0°F in its hottest month and a low of 18.6°F in its coldest, with 36.43" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 1,153 cooling and 5,486 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Marion County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marion County
Full Marion County cost breakdown · Every county in Missouri
Common questions
How much does it cost to own a home in Hannibal?
A $126,000 home in Hannibal, Missouri costs approximately $1,110 per month with 20% down at 6.66%. That is $648 principal and interest, $100 property tax, $66 homeowners insurance, $191 utilities and $105 set aside for maintenance.
What is the property tax rate in Hannibal?
Hannibal has an effective property tax rate of 0.954%, based on a median home value of $126,300 and median real estate taxes of $1,205. That is higher than the Marion County average of 0.868%.
What is the average home price in Hannibal?
The median owner-occupied home value in Hannibal, Missouri is $126,300, against $158,100 across Marion County.
Is it cheaper to rent or buy in Hannibal?
Median gross rent in Hannibal is $821 a month, against $1,110 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 Hannibal — 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.