Missouri Mortgage Rates & Home Prices (2026)
Median price: $235,000 · Avg. rate: 6.87%
Missouri Market Overview
$235,000
Median Home Price
6.87%
Avg. 30-Yr Rate
0.97%
Property Tax Rate
67.2%
Homeownership Rate
Missouri offers very affordable housing in both St. Louis and Kansas City metros compared to peer cities. MHDC provides up to 4% of the loan amount as a non-repayable grant for down payment and closing costs. Rural areas qualify for USDA zero-down loans.
Estimated Monthly Payment
Median home in Missouri (20% down, 30-yr fixed)
$1,522/mo
Principal & Interest$1,234
Property Taxes$190
Home Insurance (est.)$98
Total Monthly (PITI)$1,522
Based on a $235,000 home with 20% down ($188,000 loan) at 6.87%. Does not include PMI, HOA, or other fees.
First-Time Buyer Programs in Missouri
- MHDC First Place Loan
- MHDC Next Step Program
- Cash Assistance DPA
Contact your state's Housing Finance Agency for current program availability and requirements.
Rate Comparison: MO Rates
30-Year Fixed6.87%
15-Year Fixed6.10%
5/1 ARM (est.)6.12%
FHA 30-Year6.72%
VA 30-Year6.62%
Rates are estimates based on state averages and may vary by lender and borrower qualifications.
Frequently Asked Questions
Key Stats: MO
FHA Loan Limit$472,030
Median Income$63,594
Cost Index0.86x