Total monthly cost of ownership
Cost to Own a Home in Marshall, Missouri
A $146,000 home here costs
$1,238per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $751. The real number is $487 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.
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 $123 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
Common questions
How much does it cost to own a home in Marshall?
A $146,000 home in Marshall, Missouri costs approximately $1,238 per month with 20% down at 6.66%. That is $751 principal and interest, $99 property tax, $76 homeowners insurance, $191 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 $1,238 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 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.