Mortgage payment estimates, closing cost breakdowns, and homebuying data for Joplin, Missouri.
Median Home Price
$165K
Population
52K
Avg Monthly Rent
$850
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 Joplin.
Joplin vs Missouri Median
The median home price in Joplin is $165,000, which is 30% below the Missouri state median of $235,000.
Mortgage Calculator — Joplin, MO
Pre-filled with Joplin median home price and Missouri tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $165K home using Missouri's 0.97% tax rate and $2,200/yr insurance.
5% Down
$1,399/mo
Down: $8,250
Loan: $157K
P&I: $991
Tax: $133
Insurance: $183
PMI: $91
10% Down
$1,342/mo
Down: $16,500
Loan: $149K
P&I: $939
Tax: $133
Insurance: $183
PMI: $87
20% Down (No PMI)
$1,151/mo
Down: $33,000
Loan: $132K
P&I: $834
Tax: $133
Insurance: $183
Income needed (28% rule): $49K/year with 20% down, $58K/year with 10% down.
Rent vs Buy in Joplin
Rent
$850/mo
vs
Buy (10% down)
$1,342/mo
Price-to-rent ratio: 16.2 — A ratio between 15-20 means the rent vs buy decision in Joplin 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 Joplin is $165,000, 30% below the Missouri state median of $235,000. With a population of 51,818, Joplin 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 $165,000 home in Joplin would carry roughly $133/month in property taxes. Homeowners insurance in Missouri runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Joplin is $850/month. The price-to-rent ratio in Joplin is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Joplin 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 Joplin.