Total monthly cost of ownership
Cost to Own a Home in Missouri Valley, Iowa
A $127,000 home here costs
$1,193per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $653. The real number is $540 higher every month — 83% 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.
Missouri Valley against Harrison County and Iowa
| Measure | Missouri Valley | Harrison County |
|---|---|---|
| Median home value | $126,500 | $165,300 |
| Median property tax | $2,192 | $2,214 |
| Effective tax rate | 1.733% | 1.339% |
| Median gross rent | $812 | $854 |
| Population | 2,685 | 14,645 |
The weather behind that power bill
Missouri Valley sits in Harrison County, which averages a high of 85.6°F in its hottest month and a low of 9.9°F in its coldest, with 34.43" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 935 cooling and 6,702 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Harrison County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Harrison County
Common questions
How much does it cost to own a home in Missouri Valley?
A $127,000 home in Missouri Valley, Iowa costs approximately $1,193 per month with 20% down at 6.66%. That is $653 principal and interest, $183 property tax, $55 homeowners insurance, $195 utilities and $106 set aside for maintenance.
What is the property tax rate in Missouri Valley?
Missouri Valley has an effective property tax rate of 1.733%, based on a median home value of $126,500 and median real estate taxes of $2,192. That is higher than the Harrison County average of 1.339%.
What is the average home price in Missouri Valley?
The median owner-occupied home value in Missouri Valley, Iowa is $126,500, against $165,300 across Harrison County.
Is it cheaper to rent or buy in Missouri Valley?
Median gross rent in Missouri Valley is $812 a month, against $1,193 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 Missouri Valley — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Iowa.
- 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.