Total monthly cost of ownership
Cost to Own a Home in Higginsville, Missouri
A $164,000 home here costs
$1,364per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $843. The real number is $521 higher every month — 62% 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.
Higginsville against Lafayette County and Missouri
| Measure | Higginsville | Lafayette County |
|---|---|---|
| Median home value | $163,700 | $200,300 |
| Median property tax | $1,296 | $1,534 |
| Effective tax rate | 0.792% | 0.766% |
| Median gross rent | $901 | $848 |
| Population | 4,775 | 32,974 |
The weather behind that power bill
Higginsville sits in Lafayette County, which averages a high of 86.7°F in its hottest month and a low of 18.4°F in its coldest, with 40.87" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 1,231 cooling and 5,347 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Lafayette County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lafayette County
Full Lafayette County cost breakdown · Every county in Missouri
Common questions
How much does it cost to own a home in Higginsville?
A $164,000 home in Higginsville, Missouri costs approximately $1,364 per month with 20% down at 6.66%. That is $843 principal and interest, $108 property tax, $85 homeowners insurance, $191 utilities and $137 set aside for maintenance.
What is the property tax rate in Higginsville?
Higginsville has an effective property tax rate of 0.792%, based on a median home value of $163,700 and median real estate taxes of $1,296. That is higher than the Lafayette County average of 0.766%.
What is the average home price in Higginsville?
The median owner-occupied home value in Higginsville, Missouri is $163,700, against $200,300 across Lafayette County.
Is it cheaper to rent or buy in Higginsville?
Median gross rent in Higginsville is $901 a month, against $1,364 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 Higginsville — 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.