Total monthly cost of ownership
Cost to Own a Home in Scott City, Missouri
A $135,000 home here costs
$1,221per 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 $52,500 a year.
A standard mortgage calculator would have told you $736. The real number is $485 higher every month, 66% more than the payment most buyers budget for.
Compare Cape Girardeau County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Scott City from a five-year rolling sample, and with about 4,354 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 Cape Girardeau 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.
Scott City against Cape Girardeau County and Missouri
| Measure | Scott City | Cape Girardeau County |
|---|---|---|
| Median home value | $134,900 | $208,300 |
| Median property tax | $891 | $1,404 |
| Effective tax rate | 0.660% | 0.674% |
| Median gross rent | $791 | $881 |
| Population | 4,354 | 82,180 |
Scott City extends across 2 counties. Figures here use Cape Girardeau County, where most of its housing sits.
The weather behind that power bill
Scott City sits in Cape Girardeau County, which averages a high of 90.2°F in its hottest month and a low of 23.7°F in its coldest, with 50.49" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,592 cooling and 4,499 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Cape Girardeau County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cape Girardeau County
Full Cape Girardeau County cost breakdown · Every county in Missouri
Talk to someone who works this market
These are Scott City 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 Scott City every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Scott City I already own here and may sell
Common questions
How much does it cost to own a home in Scott City?
A $135,000 home in Scott City, Missouri costs approximately $1,221 per month with 20% down at 7.24%. That is $736 principal and interest, $74 property tax, $70 homeowners insurance, $228 utilities and $113 set aside for maintenance.
What is the property tax rate in Scott City?
Scott City has an effective property tax rate of 0.660%, based on a median home value of $134,900 and median real estate taxes of $891. That is lower than the Cape Girardeau County average of 0.674%.
What is the average home price in Scott City?
The median owner-occupied home value in Scott City, Missouri is $134,900, against $208,300 across Cape Girardeau County.
Is it cheaper to rent or buy in Scott City?
Median gross rent in Scott City is $791 a month, against $1,221 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 Scott City?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Scott City, Missouri at today's rate takes a household income of roughly $52,500 a year. That covers the full $1,221 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Scott 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.