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St. Louis, MO mortgage & affordability calculator

The typical home in St. Louis, MO is worth about $250,000. With 20% down that's a loan near $200,000 — the calculator is pre-filled with that figure. One of the most affordable large metros, where a median-income household can comfortably buy at the median price. Storm-driven insurance costs are the main budget consideration.

$1,298.53 / month

Total interest
$267,466
Total paid
$467,466
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$50k$100k$150k$200k0612182430Year

How much you need to earn

St. Louis, MO's median household income is about $68,000 a year. Under standard 28/36 lending rules that supports a home price around $223,787 with 20% down — below the $250,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$223,853 max home price

Max loan amount
$173,853
Housing payment budget
$1,587
P&I budget
$1,129
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in St. Louis, MO is about $1,250 a month, so owning the median home costs roughly $507 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in St. Louis, MO?
On the metro's roughly $250,000 typical home with 20% down, the loan is about $200,000. Principal and interest run near $1,299 a month at today's rate, and St. Louis, MO's property tax plus insurance add about $458, for a full payment near $1,757.
Can I afford a home in St. Louis, MO on the median income?
The median household income is about $68,000 a year. Under standard 28/36 lending rules that supports a home price around $223,787 with 20% down — below the $250,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in St. Louis, MO?
Typical asking rent is about $1,250 a month. The full owner payment on a median home is near $1,757, so owning costs roughly $507 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in St. Louis, MO?
The effective property tax rate in the core county is about 1.00% of market value — roughly $2,500 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in St. Louis, MO rising or falling?
Home values are up about 5% over the past year. One of the most affordable large metros, where a median-income household can comfortably buy at the median price. Storm-driven insurance costs are the main budget consideration.

Nearby metros

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