Total monthly cost of ownership
Cost to Own a Home in Richland, Missouri
A $89,000 home here costs
$810per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $458. The real number is $352 higher every month — 77% 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.
Richland against Pulaski County and Missouri
| Measure | Richland | Pulaski County |
|---|---|---|
| Median home value | $89,000 | $189,700 |
| Median property tax | $488 | $1,159 |
| Effective tax rate | 0.548% | 0.611% |
| Median gross rent | $630 | $1,072 |
| Population | 2,256 | 53,850 |
Richland extends across 3 counties. Figures here use Pulaski County, where most of its housing sits.
The weather behind that power bill
Richland sits in Pulaski County, which averages a high of 89.1°F in its hottest month and a low of 22.4°F in its coldest, with 47.46" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,399 cooling and 4,453 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Pulaski County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pulaski County
Full Pulaski County cost breakdown · Every county in Missouri
Common questions
How much does it cost to own a home in Richland?
A $89,000 home in Richland, Missouri costs approximately $810 per month with 20% down at 6.66%. That is $458 principal and interest, $41 property tax, $46 homeowners insurance, $191 utilities and $74 set aside for maintenance.
What is the property tax rate in Richland?
Richland has an effective property tax rate of 0.548%, based on a median home value of $89,000 and median real estate taxes of $488. That is lower than the Pulaski County average of 0.611%.
What is the average home price in Richland?
The median owner-occupied home value in Richland, Missouri is $89,000, against $189,700 across Pulaski County.
Is it cheaper to rent or buy in Richland?
Median gross rent in Richland is $630 a month, against $810 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 Richland — 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.