Total monthly cost of ownership
Cost to Own a Home in Willard, Missouri
A $204,000 home here costs
$1,778per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $76,000 a year.
A standard mortgage calculator would have told you $1,130. The real number is $648 higher every month, 57% more than the payment most buyers budget for.
Compare Greene 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.
Willard against Greene County and Missouri
| Measure | Willard | Greene County |
|---|---|---|
| Median home value | $204,300 | $203,500 |
| Median property tax | $1,709 | $1,469 |
| Effective tax rate | 0.837% | 0.722% |
| Median gross rent | $1,130 | $940 |
| Population | 6,418 | 301,121 |
The weather behind that power bill
Willard sits in Greene County, which averages a high of 89.6°F in its hottest month and a low of 24.2°F in its coldest, with 44.71" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,540 cooling and 4,277 heating degree days, which is what sets the $161 electricity line above.
See the full climate breakdown for Greene County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Greene County
Full Greene County cost breakdown · Every county in Missouri
Talk to someone who works this market
These are Willard 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 Willard every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Willard I already own here and may sell
Common questions
How much does it cost to own a home in Willard?
A $204,000 home in Willard, Missouri costs approximately $1,778 per month with 20% down at 7.4%. That is $1,130 principal and interest, $142 property tax, $106 homeowners insurance, $229 utilities and $170 set aside for maintenance.
What is the property tax rate in Willard?
Willard has an effective property tax rate of 0.837%, based on a median home value of $204,300 and median real estate taxes of $1,709. That is higher than the Greene County average of 0.722%.
What is the average home price in Willard?
The median owner-occupied home value in Willard, Missouri is $204,300, against $203,500 across Greene County.
Is it cheaper to rent or buy in Willard?
Median gross rent in Willard is $1,130 a month, against $1,778 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 Willard?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Willard, Missouri at today's rate takes a household income of roughly $76,000 a year. That covers the full $1,778 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Willard, 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.