Mortgage payment estimates, closing cost breakdowns, and homebuying data for Columbia, Missouri.
Median Home Price
$265K
Population
126K
Avg Monthly Rent
$1,150
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 Columbia.
Columbia vs Missouri Median
The median home price in Columbia is $265,000, which is 13% above the Missouri state median of $235,000.
Mortgage Calculator — Columbia, MO
Pre-filled with Columbia median home price and Missouri tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $265K home using Missouri's 0.97% tax rate and $2,200/yr insurance.
5% Down
$2,136/mo
Down: $13,250
Loan: $252K
P&I: $1,591
Tax: $214
Insurance: $183
PMI: $147
10% Down
$2,044/mo
Down: $26,500
Loan: $239K
P&I: $1,507
Tax: $214
Insurance: $183
PMI: $139
20% Down (No PMI)
$1,738/mo
Down: $53,000
Loan: $212K
P&I: $1,340
Tax: $214
Insurance: $183
Income needed (28% rule): $74K/year with 20% down, $88K/year with 10% down.
Rent vs Buy in Columbia
Rent
$1,150/mo
vs
Buy (10% down)
$2,044/mo
Price-to-rent ratio: 19.2 — A ratio between 15-20 means the rent vs buy decision in Columbia 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 Columbia is $265,000, 13% above the Missouri state median of $235,000. With a population of 126,254, Columbia is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in Missouri average 0.97% annually. This moderate property tax rate means a $265,000 home in Columbia would carry roughly $214/month in property taxes. Homeowners insurance in Missouri runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Columbia is $1,150/month. The price-to-rent ratio in Columbia is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Columbia presents moderate affordability. The $265K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Columbia.