Total monthly cost of ownership
Cost to Own a Home in Houston, Missouri
A $115,000 home here costs
$988per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $591. The real number is $397 higher every month — 67% 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.
Houston against Texas County and Missouri
| Measure | Houston | Texas County |
|---|---|---|
| Median home value | $115,200 | $123,300 |
| Median property tax | $606 | $652 |
| Effective tax rate | 0.526% | 0.529% |
| Median gross rent | $728 | $647 |
| Population | 2,407 | 24,956 |
The weather behind that power bill
Houston sits in Texas County, which averages a high of 87.1°F in its hottest month and a low of 24.3°F in its coldest, with 46.79" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,256 cooling and 4,532 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Texas County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Texas County
Common questions
How much does it cost to own a home in Houston?
A $115,000 home in Houston, Missouri costs approximately $988 per month with 20% down at 6.66%. That is $591 principal and interest, $50 property tax, $60 homeowners insurance, $191 utilities and $96 set aside for maintenance.
What is the property tax rate in Houston?
Houston has an effective property tax rate of 0.526%, based on a median home value of $115,200 and median real estate taxes of $606. That is in line with the Texas County average of 0.529%.
What is the average home price in Houston?
The median owner-occupied home value in Houston, Missouri is $115,200, against $123,300 across Texas County.
Is it cheaper to rent or buy in Houston?
Median gross rent in Houston is $728 a month, against $988 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 Houston — 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.