Total monthly cost of ownership
Cost to Own a Home in Odessa, Missouri
A $210,000 home here costs
$1,794per 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 $77,000 a year.
A standard mortgage calculator would have told you $1,145. The real number is $649 higher every month, 57% more than the payment most buyers budget for.
Compare Lafayette County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Odessa against Lafayette County and Missouri
| Measure | Odessa | Lafayette County |
|---|---|---|
| Median home value | $209,600 | $200,300 |
| Median property tax | $1,632 | $1,534 |
| Effective tax rate | 0.779% | 0.766% |
| Median gross rent | $998 | $848 |
| Population | 5,589 | 32,974 |
The weather behind that power bill
Odessa sits in Lafayette County, which averages a high of 86.7°F in its hottest month and a low of 18.4°F in its coldest, with 40.87" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 1,231 cooling and 5,347 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Lafayette County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lafayette County
Full Lafayette County cost breakdown · Every county in Missouri
Talk to someone who works this market
These are Odessa 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 Odessa every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Odessa I already own here and may sell
Common questions
How much does it cost to own a home in Odessa?
A $210,000 home in Odessa, Missouri costs approximately $1,794 per month with 20% down at 7.24%. That is $1,145 principal and interest, $136 property tax, $109 homeowners insurance, $228 utilities and $175 set aside for maintenance.
What is the property tax rate in Odessa?
Odessa has an effective property tax rate of 0.779%, based on a median home value of $209,600 and median real estate taxes of $1,632. That is higher than the Lafayette County average of 0.766%.
What is the average home price in Odessa?
The median owner-occupied home value in Odessa, Missouri is $209,600, against $200,300 across Lafayette County.
Is it cheaper to rent or buy in Odessa?
Median gross rent in Odessa is $998 a month, against $1,794 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 Odessa?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Odessa, Missouri at today's rate takes a household income of roughly $77,000 a year. That covers the full $1,794 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Odessa, 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.