Total monthly cost of ownership
Cost to Own a Home in Willow Springs, Missouri
A $108,000 home here costs
$1,015per 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 $43,500 a year.
A standard mortgage calculator would have told you $589. The real number is $426 higher every month, 72% more than the payment most buyers budget for.
Compare Howell County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Willow Springs from a five-year rolling sample, and with about 2,015 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Howell County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Willow Springs against Howell County and Missouri
| Measure | Willow Springs | Howell County |
|---|---|---|
| Median home value | $108,300 | $161,000 |
| Median property tax | $618 | $892 |
| Effective tax rate | 0.571% | 0.554% |
| Median gross rent | $716 | $722 |
| Population | 2,015 | 40,168 |
The weather behind that power bill
Willow Springs sits in Howell County, which averages a high of 89.0°F in its hottest month and a low of 22.3°F in its coldest, with 49.36" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,213 cooling and 4,617 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Howell County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Howell County
Full Howell County cost breakdown · Every county in Missouri
Talk to someone who works this market
These are Willow Springs 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 Willow Springs every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Willow Springs I already own here and may sell
Common questions
How much does it cost to own a home in Willow Springs?
A $108,000 home in Willow Springs, Missouri costs approximately $1,015 per month with 20% down at 7.24%. That is $589 principal and interest, $51 property tax, $56 homeowners insurance, $228 utilities and $90 set aside for maintenance.
What is the property tax rate in Willow Springs?
Willow Springs has an effective property tax rate of 0.571%, based on a median home value of $108,300 and median real estate taxes of $618. That is higher than the Howell County average of 0.554%.
What is the average home price in Willow Springs?
The median owner-occupied home value in Willow Springs, Missouri is $108,300, against $161,000 across Howell County.
Is it cheaper to rent or buy in Willow Springs?
Median gross rent in Willow Springs is $716 a month, against $1,015 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 Willow Springs?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Willow Springs, Missouri at today's rate takes a household income of roughly $43,500 a year. That covers the full $1,015 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Willow Springs, 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.