Mortgage Calculator & Closing Costs: St. Louis, MO
Mortgage payment estimates, closing cost breakdowns, and homebuying data for St. Louis, Missouri.
Median Home Price
$195K
Population
302K
Avg Monthly Rent
$1,120
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. Louis.
St. Louis vs Missouri Median
The median home price in St. Louis is $195,000, which is 17% below the Missouri state median of $235,000.
Mortgage Calculator — St. Louis, MO
Pre-filled with St. Louis median home price and Missouri tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $195K home using Missouri's 0.97% tax rate and $2,200/yr insurance.
5% Down
$1,620/mo
Down: $9,750
Loan: $185K
P&I: $1,171
Tax: $158
Insurance: $183
PMI: $108
10% Down
$1,553/mo
Down: $19,500
Loan: $176K
P&I: $1,109
Tax: $158
Insurance: $183
PMI: $102
20% Down (No PMI)
$1,327/mo
Down: $39,000
Loan: $156K
P&I: $986
Tax: $158
Insurance: $183
Income needed (28% rule): $57K/year with 20% down, $67K/year with 10% down.
Rent vs Buy in St. Louis
Rent
$1,120/mo
vs
Buy (10% down)
$1,553/mo
Price-to-rent ratio: 14.5 — With a ratio under 15, buying in St. Louis is likely more cost-effective than renting if you plan to stay 3+ years. The monthly cost of buying is $433 more than renting, but you build equity with every payment.
The median home price in St. Louis is $195,000, 17% below the Missouri state median of $235,000. With a population of 301,578, St. Louis is a mid-size city 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 $195,000 home in St. Louis would carry roughly $158/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. Louis is $1,120/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in St. Louis over the long term.
St. Louis 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. Louis.