Total monthly cost of ownership
Cost to Own a Home in Pierce City, Missouri
A $112,000 home here costs
$973per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $576. The real number is $397 higher every month — 69% 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.
Pierce City against Lawrence County and Missouri
| Measure | Pierce City | Lawrence County |
|---|---|---|
| Median home value | $112,000 | $159,800 |
| Median property tax | $655 | $969 |
| Effective tax rate | 0.585% | 0.606% |
| Median gross rent | $779 | $785 |
| Population | 1,472 | 38,392 |
Pierce City extends across 2 counties. Figures here use Lawrence County, where most of its housing sits.
The weather behind that power bill
Pierce City sits in Lawrence County, which averages a high of 89.4°F in its hottest month and a low of 22.2°F in its coldest, with 45.45" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,411 cooling and 4,493 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Lawrence County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lawrence County
Full Lawrence County cost breakdown · Every county in Missouri
Common questions
How much does it cost to own a home in Pierce City?
A $112,000 home in Pierce City, Missouri costs approximately $973 per month with 20% down at 6.66%. That is $576 principal and interest, $55 property tax, $58 homeowners insurance, $191 utilities and $93 set aside for maintenance.
What is the property tax rate in Pierce City?
Pierce City has an effective property tax rate of 0.585%, based on a median home value of $112,000 and median real estate taxes of $655. That is lower than the Lawrence County average of 0.606%.
What is the average home price in Pierce City?
The median owner-occupied home value in Pierce City, Missouri is $112,000, against $159,800 across Lawrence County.
Is it cheaper to rent or buy in Pierce City?
Median gross rent in Pierce City is $779 a month, against $973 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 Pierce 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.