Total monthly cost of ownership
Cost to Own a Home in Steele, Missouri
A $116,000 home here costs
$1,026per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $596. The real number is $430 higher every month — 72% 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.
Steele against Pemiscot County and Missouri
| Measure | Steele | Pemiscot County |
|---|---|---|
| Median home value | $115,900 | $95,900 |
| Median property tax | $979 | $970 |
| Effective tax rate | 0.845% | 1.011% |
| Median gross rent | $729 | $708 |
| Population | 1,449 | 15,232 |
The weather behind that power bill
Steele sits in Pemiscot County, which averages a high of 90.1°F in its hottest month and a low of 29.6°F in its coldest, with 55.26" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,908 cooling and 3,595 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Pemiscot County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pemiscot County
Full Pemiscot County cost breakdown · Every county in Missouri
Common questions
How much does it cost to own a home in Steele?
A $116,000 home in Steele, Missouri costs approximately $1,026 per month with 20% down at 6.66%. That is $596 principal and interest, $82 property tax, $60 homeowners insurance, $191 utilities and $97 set aside for maintenance.
What is the property tax rate in Steele?
Steele has an effective property tax rate of 0.845%, based on a median home value of $115,900 and median real estate taxes of $979. That is lower than the Pemiscot County average of 1.011%.
What is the average home price in Steele?
The median owner-occupied home value in Steele, Missouri is $115,900, against $95,900 across Pemiscot County.
Is it cheaper to rent or buy in Steele?
Median gross rent in Steele is $729 a month, against $1,026 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 Steele — 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.