Total monthly cost of ownership
Cost to Own a Home in Mountain Grove, Missouri
A $89,000 home here costs
$870per 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 $37,500 a year.
A standard mortgage calculator would have told you $485. The real number is $385 higher every month, 79% more than the payment most buyers budget for.
Compare Texas County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Mountain Grove from a five-year rolling sample, and with about 4,494 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Texas County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Mountain Grove against Texas County and Missouri
| Measure | Mountain Grove | Texas County |
|---|---|---|
| Median home value | $89,300 | $123,300 |
| Median property tax | $436 | $652 |
| Effective tax rate | 0.488% | 0.529% |
| Median gross rent | $548 | $647 |
| Population | 4,494 | 24,956 |
Mountain Grove extends across 2 counties. Figures here use Texas County, where most of its housing sits.
The weather behind that power bill
Mountain Grove sits in Texas County, which averages a high of 87.1°F in its hottest month and a low of 24.3°F in its coldest, with 46.79" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,256 cooling and 4,532 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Texas County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Texas County
Talk to someone who works this market
These are Mountain Grove 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 Mountain Grove every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Mountain Grove I already own here and may sell
Common questions
How much does it cost to own a home in Mountain Grove?
A $89,000 home in Mountain Grove, Missouri costs approximately $870 per month with 20% down at 7.24%. That is $485 principal and interest, $36 property tax, $46 homeowners insurance, $228 utilities and $74 set aside for maintenance.
What is the property tax rate in Mountain Grove?
Mountain Grove has an effective property tax rate of 0.488%, based on a median home value of $89,300 and median real estate taxes of $436. That is lower than the Texas County average of 0.529%.
What is the average home price in Mountain Grove?
The median owner-occupied home value in Mountain Grove, Missouri is $89,300, against $123,300 across Texas County.
Is it cheaper to rent or buy in Mountain Grove?
Median gross rent in Mountain Grove is $548 a month, against $870 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 Mountain Grove?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Mountain Grove, Missouri at today's rate takes a household income of roughly $37,500 a year. That covers the full $870 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Mountain Grove, 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.