Total monthly cost of ownership
Cost to Own a Home in Sedalia, Missouri
A $137,000 home here costs
$1,248per 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 $53,500 a year.
A standard mortgage calculator would have told you $747. The real number is $501 higher every month, 67% more than the payment most buyers budget for.
Compare Pettis 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.
Sedalia against Pettis County and Missouri
| Measure | Sedalia | Pettis County |
|---|---|---|
| Median home value | $136,500 | $161,500 |
| Median property tax | $1,040 | $1,259 |
| Effective tax rate | 0.762% | 0.780% |
| Median gross rent | $854 | $863 |
| Population | 21,869 | 43,205 |
The weather behind that power bill
Sedalia sits in Pettis County, which averages a high of 87.3°F in its hottest month and a low of 21.2°F in its coldest, with 36.2" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 1,266 cooling and 4,948 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Pettis County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pettis County
Full Pettis County cost breakdown · Every county in Missouri
Talk to someone who works this market
These are Sedalia 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 Sedalia every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Sedalia I already own here and may sell
Common questions
How much does it cost to own a home in Sedalia?
A $137,000 home in Sedalia, Missouri costs approximately $1,248 per month with 20% down at 7.24%. That is $747 principal and interest, $87 property tax, $71 homeowners insurance, $228 utilities and $114 set aside for maintenance.
What is the property tax rate in Sedalia?
Sedalia has an effective property tax rate of 0.762%, based on a median home value of $136,500 and median real estate taxes of $1,040. That is lower than the Pettis County average of 0.780%.
What is the average home price in Sedalia?
The median owner-occupied home value in Sedalia, Missouri is $136,500, against $161,500 across Pettis County.
Is it cheaper to rent or buy in Sedalia?
Median gross rent in Sedalia is $854 a month, against $1,248 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 Sedalia?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Sedalia, Missouri at today's rate takes a household income of roughly $53,500 a year. That covers the full $1,248 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Sedalia, 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.