Total monthly cost of ownership
Cost to Own a Home in Montgomery City, Missouri
A $138,000 home here costs
$1,190per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $709. The real number is $481 higher every month — 68% 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.
Montgomery City against Montgomery County and Missouri
| Measure | Montgomery City | Montgomery County |
|---|---|---|
| Median home value | $137,500 | $171,300 |
| Median property tax | $1,234 | $1,282 |
| Effective tax rate | 0.897% | 0.748% |
| Median gross rent | $723 | $767 |
| Population | 2,810 | 11,422 |
The weather behind that power bill
Montgomery City sits in Montgomery County, which averages a high of 87.8°F in its hottest month and a low of 19.6°F in its coldest, with 41.47" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,253 cooling and 5,041 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Montgomery County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Montgomery County
Full Montgomery County cost breakdown · Every county in Missouri
Common questions
How much does it cost to own a home in Montgomery City?
A $138,000 home in Montgomery City, Missouri costs approximately $1,190 per month with 20% down at 6.66%. That is $709 principal and interest, $103 property tax, $72 homeowners insurance, $191 utilities and $115 set aside for maintenance.
What is the property tax rate in Montgomery City?
Montgomery City has an effective property tax rate of 0.897%, based on a median home value of $137,500 and median real estate taxes of $1,234. That is higher than the Montgomery County average of 0.748%.
What is the average home price in Montgomery City?
The median owner-occupied home value in Montgomery City, Missouri is $137,500, against $171,300 across Montgomery County.
Is it cheaper to rent or buy in Montgomery City?
Median gross rent in Montgomery City is $723 a month, against $1,190 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 Montgomery City — 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.