Total monthly cost of ownership
Cost to Own a Home in Noel, Missouri
A $117,000 home here costs
$996per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $601. The real number is $394 higher every month — 66% 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.
Noel against McDonald County and Missouri
| Measure | Noel | McDonald County |
|---|---|---|
| Median home value | $117,000 | $134,100 |
| Median property tax | $539 | $723 |
| Effective tax rate | 0.461% | 0.539% |
| Median gross rent | $599 | $764 |
| Population | 1,679 | 23,492 |
The weather behind that power bill
Noel sits in McDonald County, which averages a high of 87.9°F in its hottest month and a low of 25.0°F in its coldest, with 44.33" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 1,341 cooling and 4,138 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for McDonald County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in McDonald County
Full McDonald County cost breakdown · Every county in Missouri
Common questions
How much does it cost to own a home in Noel?
A $117,000 home in Noel, Missouri costs approximately $996 per month with 20% down at 6.66%. That is $601 principal and interest, $45 property tax, $61 homeowners insurance, $191 utilities and $98 set aside for maintenance.
What is the property tax rate in Noel?
Noel has an effective property tax rate of 0.461%, based on a median home value of $117,000 and median real estate taxes of $539. That is lower than the McDonald County average of 0.539%.
What is the average home price in Noel?
The median owner-occupied home value in Noel, Missouri is $117,000, against $134,100 across McDonald County.
Is it cheaper to rent or buy in Noel?
Median gross rent in Noel is $599 a month, against $996 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 Noel — 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.