Total monthly cost of ownership
Cost to Own a Home in Versailles, Missouri
A $113,000 home here costs
$971per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $581. The real number is $390 higher every month — 67% 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.
Versailles against Morgan County and Missouri
| Measure | Versailles | Morgan County |
|---|---|---|
| Median home value | $113,000 | $180,400 |
| Median property tax | $555 | $1,101 |
| Effective tax rate | 0.491% | 0.610% |
| Median gross rent | $505 | $692 |
| Population | 2,580 | 21,430 |
The weather behind that power bill
Versailles sits in Morgan County, which averages a high of 87.5°F in its hottest month and a low of 22.2°F in its coldest, with 44.94" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,379 cooling and 4,690 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Morgan County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Morgan County
No other places of this size are published in Morgan County.
Full Morgan County cost breakdown · Every county in Missouri
Common questions
How much does it cost to own a home in Versailles?
A $113,000 home in Versailles, Missouri costs approximately $971 per month with 20% down at 6.66%. That is $581 principal and interest, $46 property tax, $59 homeowners insurance, $191 utilities and $94 set aside for maintenance.
What is the property tax rate in Versailles?
Versailles has an effective property tax rate of 0.491%, based on a median home value of $113,000 and median real estate taxes of $555. That is lower than the Morgan County average of 0.610%.
What is the average home price in Versailles?
The median owner-occupied home value in Versailles, Missouri is $113,000, against $180,400 across Morgan County.
Is it cheaper to rent or buy in Versailles?
Median gross rent in Versailles is $505 a month, against $971 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 Versailles — 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.