CALCMONEY // MORTGAGE // MO // ST. LOUIS
Calculate your monthly mortgage payment using St. Louis-specific property tax rates and local market data.
$185,000
6.95%
1.35%
87
| Principal & Interest | $980 |
| Property Tax | $208 |
| Homeowners Insurance (est.) | $62 |
| Total Monthly Payment (PITI) | $1,249 |
$37,000
$204,686
$53,549/yr
The median home price in St. Louis is $185,000, below the national median of $420,000. With a median household income of $52,000, the price-to-income ratio is 3.6x — meaning buyers typically spend 3.6 years of gross income on the purchase price.
Property taxes in St. Louis run 1.35% of assessed value. On the median home, that is $2,498 per year, or $208 per month added to your mortgage payment. This is close to the national average of 1.1%.
Missouri has a state income tax. Factor your take-home pay into how much mortgage you can comfortably carry each month.
The cost of living index in St. Louis is 87 (national average = 100). Beyond housing, your everyday expenses will also run below the national average.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $148,000 loan saves $6,660 in interest over 30 years.
Compare Top St. Louis Mortgage Lenders