Total monthly cost of ownership
Cost to Own a Home in Savannah, Missouri
A $143,000 home here costs
$1,310per 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 $56,000 a year.
A standard mortgage calculator would have told you $780. The real number is $531 higher every month, 68% more than the payment most buyers budget for.
Compare Andrew County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Savannah against Andrew County and Missouri
| Measure | Savannah | Andrew County |
|---|---|---|
| Median home value | $143,100 | $196,200 |
| Median property tax | $1,304 | $1,495 |
| Effective tax rate | 0.911% | 0.762% |
| Median gross rent | $835 | $944 |
| Population | 5,062 | 18,086 |
The weather behind that power bill
Savannah sits in Andrew County, which averages a high of 88.1°F in its hottest month and a low of 17.1°F in its coldest, with 34.76" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 1,288 cooling and 5,385 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Andrew County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Andrew County
Full Andrew County cost breakdown · Every county in Missouri
Talk to someone who works this market
These are Savannah 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 Savannah every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Savannah I already own here and may sell
Common questions
How much does it cost to own a home in Savannah?
A $143,000 home in Savannah, Missouri costs approximately $1,310 per month with 20% down at 7.24%. That is $780 principal and interest, $109 property tax, $74 homeowners insurance, $228 utilities and $119 set aside for maintenance.
What is the property tax rate in Savannah?
Savannah has an effective property tax rate of 0.911%, based on a median home value of $143,100 and median real estate taxes of $1,304. That is higher than the Andrew County average of 0.762%.
What is the average home price in Savannah?
The median owner-occupied home value in Savannah, Missouri is $143,100, against $196,200 across Andrew County.
Is it cheaper to rent or buy in Savannah?
Median gross rent in Savannah is $835 a month, against $1,310 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 Savannah?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Savannah, Missouri at today's rate takes a household income of roughly $56,000 a year. That covers the full $1,310 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Savannah, 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.