The typical owner-occupied home in Benton City is worth about $91,700, 60% below the Missouri median of $230,300 and 72% below the national median of $332,700. Owners pay a median $725 a year in property taxes, about 0.79% of their home's value, lower than the Missouri rate of 0.85%. The median household earns $57,500 a year, so the median home costs 1.6 times the median income (3.3 times for Missouri). 83% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Benton City at a glance
| Benton City | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $91,700 | $230,300 | $332,700 |
| Median property tax paid per year | $725 | $1,948 | $3,119 |
| Property tax as a share of value | 0.79% | 0.85% | 0.94% |
| Median household income | $57,500 | $70,702 | $80,734 |
| Homes lived in by their owners | 83% | 68% | 65% |
| Owner homes with a mortgage | 46% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,094 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 17.5% | 19.0% | 21.0% |
| Median rent | – | $1,033 | $1,413 |
| Median year homes were built | 1970 | 1978 | 1980 |
| Vacant homes | 16.0% | 11.2% | 10.1% |
| Population | 88 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Benton City
At this week's average 30-year rate of 7.11%, buying the median Benton City home of $91,700 with 20% down costs about $592 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $745, 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 $25,375 for the 20%-down payment. That payment is 12% of the median Benton City household income of $57,500; at that income and 20% down, the 28% guideline points to a home of about $208,000.
| Down payment | $18,340 |
|---|---|
| Loan amount | $73,360 |
| Principal and interest | $494 |
| Property taxes (0.79% a year) | $60 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| PMI | $0 |
| Total per month | $592 |
Change the numbers in the calculator
| Down payment | $3,210 |
|---|---|
| Loan amount | $90,039 |
| Principal and interest | $606 |
| Property taxes (0.79% a year) | $60 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| FHA mortgage insurance | $41 |
| Total per month | $745 |
Change the numbers in the calculator
Questions about home buying in Benton City
What is the median home value in Benton City?
About $91,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Benton City?
Homeowners pay a median $725 a year, which is about 0.79% 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 Benton City?
For the median home with 20% down at 7.11%, the payment is about $592 a month. Keeping that under 28% of gross income takes about $25,375 a year.
More about Benton City
- Mortgage Refinance in Benton City
- Debt Relief in Benton City
- Home Equity Loans in Benton City
- 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