Total monthly cost of ownership
Cost to Own a Home in Portageville, Missouri
A $150,000 home here costs
$1,246per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $771. The real number is $475 higher every month — 62% 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.
Portageville against New Madrid County and Missouri
| Measure | Portageville | New Madrid County |
|---|---|---|
| Median home value | $150,000 | $105,500 |
| Median property tax | $967 | $746 |
| Effective tax rate | 0.645% | 0.707% |
| Median gross rent | $788 | $734 |
| Population | 2,869 | 16,041 |
Portageville extends across 2 counties. Figures here use New Madrid County, where most of its housing sits.
The weather behind that power bill
Portageville sits in New Madrid County, which averages a high of 90.3°F in its hottest month and a low of 27.5°F in its coldest, with 49.29" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,755 cooling and 3,949 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for New Madrid County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in New Madrid County
Full New Madrid County cost breakdown · Every county in Missouri
Common questions
How much does it cost to own a home in Portageville?
A $150,000 home in Portageville, Missouri costs approximately $1,246 per month with 20% down at 6.66%. That is $771 principal and interest, $81 property tax, $78 homeowners insurance, $191 utilities and $125 set aside for maintenance.
What is the property tax rate in Portageville?
Portageville has an effective property tax rate of 0.645%, based on a median home value of $150,000 and median real estate taxes of $967. That is lower than the New Madrid County average of 0.707%.
What is the average home price in Portageville?
The median owner-occupied home value in Portageville, Missouri is $150,000, against $105,500 across New Madrid County.
Is it cheaper to rent or buy in Portageville?
Median gross rent in Portageville is $788 a month, against $1,246 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 Portageville — 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.