Mortgage Calculator & Closing Costs: Cape Girardeau, MO
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Cape Girardeau, Missouri.
Median Home Price
$175K
Population
40K
Avg Monthly Rent
$880
Property Tax Rate
0.97% *
* Property tax shown is the Missouri state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Cape Girardeau.
Cape Girardeau vs Missouri Median
The median home price in Cape Girardeau is $175,000, which is 26% below the Missouri state median of $235,000.
Mortgage Calculator — Cape Girardeau, MO
Pre-filled with Cape Girardeau median home price and Missouri tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $175K home using Missouri's 0.97% tax rate and $2,200/yr insurance.
5% Down
$1,473/mo
Down: $8,750
Loan: $166K
P&I: $1,051
Tax: $141
Insurance: $183
PMI: $97
10% Down
$1,412/mo
Down: $17,500
Loan: $158K
P&I: $996
Tax: $141
Insurance: $183
PMI: $92
20% Down (No PMI)
$1,210/mo
Down: $35,000
Loan: $140K
P&I: $885
Tax: $141
Insurance: $183
Income needed (28% rule): $52K/year with 20% down, $61K/year with 10% down.
Rent vs Buy in Cape Girardeau
Rent
$880/mo
vs
Buy (10% down)
$1,412/mo
Price-to-rent ratio: 16.6 — A ratio between 15-20 means the rent vs buy decision in Cape Girardeau depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Cape Girardeau is $175,000, 26% below the Missouri state median of $235,000. With a population of 40,100, Cape Girardeau is a smaller market where home prices tend to be more accessible than in many parts of Missouri.
Property taxes in Missouri average 0.97% annually. This moderate property tax rate means a $175,000 home in Cape Girardeau would carry roughly $141/month in property taxes. Homeowners insurance in Missouri runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Cape Girardeau is $880/month. The price-to-rent ratio in Cape Girardeau is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Cape Girardeau offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Missouri's MHDC First Place Loan program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Cape Girardeau.