Total monthly cost of ownership
Cost to Own a Home in Lathrop, Missouri
A $157,000 home here costs
$1,331per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $807. The real number is $524 higher every month — 65% 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.
Lathrop against Clinton County and Missouri
| Measure | Lathrop | Clinton County |
|---|---|---|
| Median home value | $156,500 | $204,300 |
| Median property tax | $1,438 | $1,758 |
| Effective tax rate | 0.919% | 0.860% |
| Median gross rent | $850 | $985 |
| Population | 2,646 | 21,259 |
The weather behind that power bill
Lathrop sits in Clinton County, which averages a high of 87.3°F in its hottest month and a low of 15.1°F in its coldest, with 39.1" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 1,173 cooling and 5,673 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Clinton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clinton County
Full Clinton County cost breakdown · Every county in Missouri
Common questions
How much does it cost to own a home in Lathrop?
A $157,000 home in Lathrop, Missouri costs approximately $1,331 per month with 20% down at 6.66%. That is $807 principal and interest, $120 property tax, $82 homeowners insurance, $191 utilities and $131 set aside for maintenance.
What is the property tax rate in Lathrop?
Lathrop has an effective property tax rate of 0.919%, based on a median home value of $156,500 and median real estate taxes of $1,438. That is higher than the Clinton County average of 0.860%.
What is the average home price in Lathrop?
The median owner-occupied home value in Lathrop, Missouri is $156,500, against $204,300 across Clinton County.
Is it cheaper to rent or buy in Lathrop?
Median gross rent in Lathrop is $850 a month, against $1,331 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 Lathrop — 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.