Total monthly cost of ownership
Cost to Own a Home in Paris, Missouri
A $100,000 home here costs
$914per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $514. The real number is $400 higher every month — 78% 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.
Paris against Monroe County and Missouri
| Measure | Paris | Monroe County |
|---|---|---|
| Median home value | $99,500 | $147,400 |
| Median property tax | $882 | $1,086 |
| Effective tax rate | 0.886% | 0.737% |
| Median gross rent | $670 | $667 |
| Population | 1,326 | 8,672 |
The weather behind that power bill
Paris sits in Monroe County, which averages a high of 86.6°F in its hottest month and a low of 17.1°F in its coldest, with 42.08" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 1,092 cooling and 5,573 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Monroe County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Monroe County
No other places of this size are published in Monroe County.
Full Monroe County cost breakdown · Every county in Missouri
Common questions
How much does it cost to own a home in Paris?
A $100,000 home in Paris, Missouri costs approximately $914 per month with 20% down at 6.66%. That is $514 principal and interest, $74 property tax, $52 homeowners insurance, $191 utilities and $83 set aside for maintenance.
What is the property tax rate in Paris?
Paris has an effective property tax rate of 0.886%, based on a median home value of $99,500 and median real estate taxes of $882. That is higher than the Monroe County average of 0.737%.
What is the average home price in Paris?
The median owner-occupied home value in Paris, Missouri is $99,500, against $147,400 across Monroe County.
Is it cheaper to rent or buy in Paris?
Median gross rent in Paris is $670 a month, against $914 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 Paris — 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.