Total monthly cost of ownership
Cost to Own a Home in Marshall, Missouri
A $146,000 home here costs
$1,321per 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 $56,500 a year.
A standard mortgage calculator would have told you $796. The real number is $525 higher every month, 66% more than the payment most buyers budget for.
Compare Saline County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Marshall against Saline County and Missouri
| Measure | Marshall | Saline County |
|---|---|---|
| Median home value | $145,900 | $139,600 |
| Median property tax | $1,185 | $1,138 |
| Effective tax rate | 0.812% | 0.815% |
| Median gross rent | $769 | $733 |
| Population | 13,699 | 23,177 |
The weather behind that power bill
Marshall sits in Saline County, which averages a high of 87.5°F in its hottest month and a low of 18.9°F in its coldest, with 41.77" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 1,280 cooling and 5,263 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Saline County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Saline County
Full Saline County cost breakdown · Every county in Missouri
Talk to someone who works this market
These are Marshall 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 Marshall every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Marshall I already own here and may sell
Common questions
How much does it cost to own a home in Marshall?
A $146,000 home in Marshall, Missouri costs approximately $1,321 per month with 20% down at 7.24%. That is $796 principal and interest, $99 property tax, $76 homeowners insurance, $228 utilities and $122 set aside for maintenance.
What is the property tax rate in Marshall?
Marshall has an effective property tax rate of 0.812%, based on a median home value of $145,900 and median real estate taxes of $1,185. That is in line with the Saline County average of 0.815%.
What is the average home price in Marshall?
The median owner-occupied home value in Marshall, Missouri is $145,900, against $139,600 across Saline County.
Is it cheaper to rent or buy in Marshall?
Median gross rent in Marshall is $769 a month, against $1,321 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 Marshall?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Marshall, Missouri at today's rate takes a household income of roughly $56,500 a year. That covers the full $1,321 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Marshall, 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.