Total monthly cost of ownership
Cost to Own a Home in Richland, Missouri
A $89,000 home here costs
$875per 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 $37,500 a year.
A standard mortgage calculator would have told you $485. The real number is $390 higher every month, 80% more than the payment most buyers budget for.
Compare Pulaski County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Richland from a five-year rolling sample, and with about 2,256 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Pulaski County figures are drawn from a far larger sample if you want a steadier number.
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 $160 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
Talk to someone who works this market
These are Richland 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 Richland every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Richland I already own here and may sell
Common questions
How much does it cost to own a home in Richland?
A $89,000 home in Richland, Missouri costs approximately $875 per month with 20% down at 7.24%. That is $485 principal and interest, $41 property tax, $46 homeowners insurance, $228 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 $875 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 Richland?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Richland, Missouri at today's rate takes a household income of roughly $37,500 a year. That covers the full $875 monthly cost, not just the mortgage payment.
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.