The typical owner-occupied home in Watson is worth about $26,900, 88% below the Missouri median of $230,300 and 92% below the national median of $332,700. Owners pay a median $350 a year in property taxes, about 1.30% of their home's value, higher than the Missouri rate of 0.85%. 88% of occupied homes here are lived in by their owners, and 32% of those owners still have a mortgage.
Watson at a glance
| Watson | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $26,900 | $230,300 | $332,700 |
| Median property tax paid per year | $350 | $1,948 | $3,119 |
| Property tax as a share of value | 1.30% | 0.85% | 0.94% |
| Median household income | – | $70,702 | $80,734 |
| Homes lived in by their owners | 88% | 68% | 65% |
| Owner homes with a mortgage | 32% | 60% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,524 | $1,963 |
| Median rent | – | $1,033 | $1,413 |
| Median year homes were built | 1965 | 1978 | 1980 |
| Vacant homes | 26.5% | 11.2% | 10.1% |
| Population | 51 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Watson
At this week's average 30-year rate of 7.11%, buying the median Watson home of $26,900 with 20% down costs about $185 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $230, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $7,934 for the 20%-down payment.
| Down payment | $5,380 |
|---|---|
| Loan amount | $21,520 |
| Principal and interest | $145 |
| Property taxes (1.30% a year) | $29 |
| Homeowners insurance (our estimate, 0.5% a year) | $11 |
| PMI | $0 |
| Total per month | $185 |
Change the numbers in the calculator
| Down payment | $942 |
|---|---|
| Loan amount | $26,413 |
| Principal and interest | $178 |
| Property taxes (1.30% a year) | $29 |
| Homeowners insurance (our estimate, 0.5% a year) | $11 |
| FHA mortgage insurance | $12 |
| Total per month | $230 |
Change the numbers in the calculator
Questions about home buying in Watson
What is the median home value in Watson?
About $26,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Watson?
Homeowners pay a median $350 a year, which is about 1.30% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Watson?
For the median home with 20% down at 7.11%, the payment is about $185 a month. Keeping that under 28% of gross income takes about $7,934 a year.
More about Watson
- Mortgage Refinance in Watson
- Debt Relief in Watson
- Home Equity Loans in Watson
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data