Total monthly cost of ownership
Cost to Own a Home in Troy, Missouri
A $212,000 home here costs
$1,707per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,090. The real number is $617 higher every month — 57% 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.
Troy against Lincoln County and Missouri
| Measure | Troy | Lincoln County |
|---|---|---|
| Median home value | $212,100 | $224,800 |
| Median property tax | $1,667 | $1,731 |
| Effective tax rate | 0.786% | 0.770% |
| Median gross rent | $1,051 | $972 |
| Population | 13,467 | 61,636 |
The weather behind that power bill
Troy sits in Lincoln County, which averages a high of 86.8°F in its hottest month and a low of 19.7°F in its coldest, with 41.25" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,159 cooling and 5,140 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Lincoln County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lincoln County
Full Lincoln County cost breakdown · Every county in Missouri
Common questions
How much does it cost to own a home in Troy?
A $212,000 home in Troy, Missouri costs approximately $1,707 per month with 20% down at 6.66%. That is $1,090 principal and interest, $139 property tax, $110 homeowners insurance, $191 utilities and $177 set aside for maintenance.
What is the property tax rate in Troy?
Troy has an effective property tax rate of 0.786%, based on a median home value of $212,100 and median real estate taxes of $1,667. That is higher than the Lincoln County average of 0.770%.
What is the average home price in Troy?
The median owner-occupied home value in Troy, Missouri is $212,100, against $224,800 across Lincoln County.
Is it cheaper to rent or buy in Troy?
Median gross rent in Troy is $1,051 a month, against $1,707 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 Troy — 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.