Total monthly cost of ownership
Cost to Own a Home in Holts Summit, Missouri
A $184,000 home here costs
$1,638per 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 $70,000 a year.
A standard mortgage calculator would have told you $1,003. The real number is $635 higher every month, 63% more than the payment most buyers budget for.
Compare Callaway County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Holts Summit from a five-year rolling sample, and with about 4,572 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 Callaway 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.
Holts Summit against Callaway County and Missouri
| Measure | Holts Summit | Callaway County |
|---|---|---|
| Median home value | $184,400 | $196,200 |
| Median property tax | $1,893 | $1,549 |
| Effective tax rate | 1.027% | 0.790% |
| Median gross rent | $1,042 | $850 |
| Population | 4,572 | 44,541 |
The weather behind that power bill
Holts Summit sits in Callaway County, which averages a high of 85.5°F in its hottest month and a low of 19.6°F in its coldest, with 44.26" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,083 cooling and 5,281 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Callaway County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Callaway County
Full Callaway County cost breakdown · Every county in Missouri
Talk to someone who works this market
These are Holts Summit 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 Holts Summit every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Holts Summit I already own here and may sell
Common questions
How much does it cost to own a home in Holts Summit?
A $184,000 home in Holts Summit, Missouri costs approximately $1,638 per month with 20% down at 7.24%. That is $1,003 principal and interest, $157 property tax, $96 homeowners insurance, $228 utilities and $153 set aside for maintenance.
What is the property tax rate in Holts Summit?
Holts Summit has an effective property tax rate of 1.027%, based on a median home value of $184,400 and median real estate taxes of $1,893. That is higher than the Callaway County average of 0.790%.
What is the average home price in Holts Summit?
The median owner-occupied home value in Holts Summit, Missouri is $184,400, against $196,200 across Callaway County.
Is it cheaper to rent or buy in Holts Summit?
Median gross rent in Holts Summit is $1,042 a month, against $1,638 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 Holts Summit?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Holts Summit, Missouri at today's rate takes a household income of roughly $70,000 a year. That covers the full $1,638 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Holts Summit, 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.