Mortgage Calculator & Closing Costs: St. Joseph, MO
Mortgage payment estimates, closing cost breakdowns, and homebuying data for St. Joseph, Missouri.
Median Home Price
$145K
Population
72K
Avg Monthly Rent
$780
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 St. Joseph.
St. Joseph vs Missouri Median
The median home price in St. Joseph is $145,000, which is 38% below the Missouri state median of $235,000.
Mortgage Calculator — St. Joseph, MO
Pre-filled with St. Joseph median home price and Missouri tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $145K home using Missouri's 0.97% tax rate and $2,200/yr insurance.
5% Down
$1,252/mo
Down: $7,250
Loan: $138K
P&I: $871
Tax: $117
Insurance: $183
PMI: $80
10% Down
$1,202/mo
Down: $14,500
Loan: $131K
P&I: $825
Tax: $117
Insurance: $183
PMI: $76
20% Down (No PMI)
$1,034/mo
Down: $29,000
Loan: $116K
P&I: $733
Tax: $117
Insurance: $183
Income needed (28% rule): $44K/year with 20% down, $52K/year with 10% down.
Rent vs Buy in St. Joseph
Rent
$780/mo
vs
Buy (10% down)
$1,202/mo
Price-to-rent ratio: 15.5 — A ratio between 15-20 means the rent vs buy decision in St. Joseph 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 St. Joseph is $145,000, 38% below the Missouri state median of $235,000. With a population of 72,473, St. Joseph 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 $145,000 home in St. Joseph would carry roughly $117/month in property taxes. Homeowners insurance in Missouri runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in St. Joseph is $780/month. The price-to-rent ratio in St. Joseph is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
St. Joseph 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 St. Joseph.