CALCMONEY // HOME AFFORDABILITY // MO // SAINT LOUIS
How much house can you afford in Saint Louis? Based on local median home prices, current MO mortgage rates, and Saint Louis property tax data.
$218,000
$1,446/mo
$61,962/yr
$142,111
Monthly housing costs of $1,446 represent 38.6% of Saint Louis's median gross monthly income ($3,750/mo). At 38.6%, median-income buyers in Saint Louis are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $218,000 |
| Down Payment (20%) | $43,600 |
| Loan Amount | $174,400 |
| Monthly PI Payment | $1,137 |
| Monthly Property Tax | $218 |
| Monthly Insurance Est. | $91 |
| Total Monthly PITI | $1,446 |
| Housing Cost % of Income | 38.6% |
| Required Income (28% rule) | $61,962/yr |
| Max Affordable Home | $142,111 |
$7,630
$1,829/mo
Saint Louis Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $218,000 | Saint Louis city median |
| Down Payment (20%) | $43,600 | Conventional loan |
| Monthly PITI | $1,446 | 6.8% rate, 30yr fixed |
| Required Income (28% rule) | $61,962 | Annual gross |
| Max Affordable Home | $142,111 | Based on median income |
| FHA Down (3.5%) | $7,630 | Minimum FHA |
| Housing Cost % of Income | 38.6% | Median income: $45,000/yr |
| Property Tax Rate | 1.2% | $2,616/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Saint Louis is $218,000, with a local 30-year mortgage rate of 6.8%. A buyer putting 20% down carries a loan of $174,400, generating a monthly P&I payment of $1,137. Adding property taxes ($218/mo) and homeowners insurance ($91/mo) brings total monthly PITI to $1,446.
Saint Louis's property tax rate of 1.2% is near the national average, adding a standard increment to monthly housing costs. On the Saint Louis median home, that is $218/month, or $2,616 per year.
Missouri levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Saint Louis should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Saint Louis's median income of $45,000/year can afford up to $1,050/month in total housing costs. Based on Saint Louis's mortgage rate of 6.8% and property tax rate of 1.2%, that translates to a maximum affordable home price of approximately $142,111 with 20% down on a 30-year loan.
To afford the median Saint Louis home priced at $218,000, you need an annual gross income of approximately $61,962. Total monthly housing costs (principal and interest of $1,137, property taxes of $218, and insurance of $91) come to $1,446/month, which equals 28% of the required income.
At the median home price of $218,000 and median household income of $45,000, the total monthly housing cost of $1,446 represents 38.6% of gross monthly income. This is well above the standard 28% threshold, making Saint Louis a challenging market for buyers at median income.
A conventional 20% down payment on the median Saint Louis home of $218,000 is $43,600. An FHA loan requires just 3.5% down — $7,630 — but adds mortgage insurance of roughly $149/month, bringing total FHA payments to $1,829/month.
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