Mortgage payment estimates, closing cost breakdowns, and homebuying data for Hannibal, Missouri.
Median Home Price
$135K
Population
17K
Avg Monthly Rent
$720
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 Hannibal.
Hannibal vs Missouri Median
The median home price in Hannibal is $135,000, which is 43% below the Missouri state median of $235,000.
Mortgage Calculator — Hannibal, MO
Pre-filled with Hannibal median home price and Missouri tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $135K home using Missouri's 0.97% tax rate and $2,200/yr insurance.
5% Down
$1,178/mo
Down: $6,750
Loan: $128K
P&I: $811
Tax: $109
Insurance: $183
PMI: $75
10% Down
$1,131/mo
Down: $13,500
Loan: $122K
P&I: $768
Tax: $109
Insurance: $183
PMI: $71
20% Down (No PMI)
$975/mo
Down: $27,000
Loan: $108K
P&I: $683
Tax: $109
Insurance: $183
Income needed (28% rule): $42K/year with 20% down, $48K/year with 10% down.
Rent vs Buy in Hannibal
Rent
$720/mo
vs
Buy (10% down)
$1,131/mo
Price-to-rent ratio: 15.6 — A ratio between 15-20 means the rent vs buy decision in Hannibal 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 Hannibal is $135,000, 43% below the Missouri state median of $235,000. With a population of 17,006, Hannibal 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 $135,000 home in Hannibal would carry roughly $109/month in property taxes. Homeowners insurance in Missouri runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Hannibal is $720/month. The price-to-rent ratio in Hannibal is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Hannibal 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 Hannibal.