Estimate your monthly mortgage payment in Saint Louis. With a median home price near $230,000 and a property tax rate around 1.2%, see your full principal, interest, tax, and insurance payment.
Last updated: May 2026 · Data: MIT Living Wage Calculator, C2ER, U.S. Census, BLS, IRS, state and city sources
The median home price in Saint Louis is about $230,000, and the City of St. Louis has an effective property tax rate near 1.2% of value per year. Missouri levies a graduated state income tax (roughly 2% to 5% at the top) and funds local services through county property taxes that are low to moderate by national standards. Some cities, including Kansas City and St. Louis, also levy a 1% earnings tax.
| Cost Item | Saint Louis Estimate |
|---|---|
| Median Home Price (2026) | $230,000 |
| 20% Down Payment | $46,000 |
| Loan Amount (80% LTV) | $184,000 |
| Effective Property Tax Rate | 1.2% per year |
| Est. Annual Property Tax | $2,760/year |
| Est. Monthly Property Tax | $230/month |
| Average Rent (2-bedroom) | $1,350/month |
Your payment includes principal and interest (fixed for a fixed-rate loan), plus property tax and insurance, typically escrowed. With less than 20% down you also pay PMI, usually 0.5% to 1.5% of the loan per year until you reach 20% equity.
St. Louis sits at the confluence of the Missouri and Mississippi rivers, with an economy built on healthcare and bioscience (including a major plant-science cluster), financial services, aerospace and defense led by Boeing, brewing, and higher education at Washington University.
| Local Metric | Saint Louis (2026 estimate) |
|---|---|
| Metro population | 300,000 |
| County / jurisdiction | the City of St. Louis |
| Cost of living index (US avg = 100) | 86 |
| MIT living wage, single adult | $19.00/hour |
| MIT living wage, one earner supporting a family of four | $38.50/hour |
| Applicable minimum wage | $12.30/hour |
| Average rent, 1-bedroom | $1,100/month |
| Average rent, 2-bedroom | $1,350/month |
| Median home price | $230,000 |
| Median household income | $52,000/year |
| Combined sales tax rate | 9.679% |
| Effective property tax rate | 1.2% of value/year |
Local figures are 2026 estimates compiled from the MIT Living Wage Calculator, the C2ER Cost of Living Index, U.S. Census and Zillow housing data, and city and county sources. Verify current figures before relying on them.
The median home price in Saint Louis is approximately $230,000 in 2026. A 20% down payment is about $46,000, leaving a loan of roughly $184,000. Prices vary widely by neighborhood.
The effective property tax rate in the City of St. Louis is about 1.2% of value per year. On a $230,000 home that is roughly $2,760/year, or about $230/month, usually collected through escrow.
A common guideline keeps housing payments (PITI) under 28% of gross monthly income. On a $230,000 home with 20% down at 6.75% over 30 years, plan for a healthy six-figure household income to stay within that guideline in Saint Louis.
Average rent in Saint Louis is about $1,100/month for a 1-bedroom and $1,350 for a 2-bedroom. Compare that to the calculated PITI payment above. In many Missouri metros, low home prices keep monthly buying costs at or below rent, so buying can pencil out relatively quickly.
Most conventional lenders want 620+, FHA allows 580 with 3.5% down, and VA and USDA loans have no set minimum but lenders prefer 620+. A score of 740+ earns the best rates and can save tens of thousands over the loan.