The typical owner-occupied home in Cassville is worth about $155,300, 33% below the Missouri median of $230,300 and 53% below the national median of $332,700. Owners pay a median $825 a year in property taxes, about 0.53% of their home's value, lower than the Missouri rate of 0.85%. The median household earns $60,469 a year, so the median home costs 2.6 times the median income (3.3 times for Missouri). 68% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Cassville at a glance
| Cassville | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $155,300 | $230,300 | $332,700 |
| Median property tax paid per year | $825 | $1,948 | $3,119 |
| Property tax as a share of value | 0.53% | 0.85% | 0.94% |
| Median household income | $60,469 | $70,702 | $80,734 |
| Homes lived in by their owners | 68% | 68% | 65% |
| Owner homes with a mortgage | 49% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,097 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 14.1% | 19.0% | 21.0% |
| Median rent | $640 | $1,033 | $1,413 |
| Rent as a share of renters' income | 28.1% | 28.1% | 30.6% |
| Median year homes were built | 1972 | 1978 | 1980 |
| Vacant homes | 13.1% | 11.2% | 10.1% |
| Population | 3,202 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Cassville
At this week's average 30-year rate of 7.11%, buying the median Cassville home of $155,300 with 20% down costs about $969 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,228, 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 $41,532 for the 20%-down payment. That payment is 19% of the median Cassville household income of $60,469; at that income and 20% down, the 28% guideline points to a home of about $226,000.
The median rent here is $640 a month, so owning the median home costs about $329 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $31,060 |
|---|---|
| Loan amount | $124,240 |
| Principal and interest | $836 |
| Property taxes (0.53% a year) | $69 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| PMI | $0 |
| Total per month | $969 |
Change the numbers in the calculator
| Down payment | $5,436 |
|---|---|
| Loan amount | $152,487 |
| Principal and interest | $1,026 |
| Property taxes (0.53% a year) | $69 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| FHA mortgage insurance | $69 |
| Total per month | $1,228 |
Change the numbers in the calculator
Questions about home buying in Cassville
What is the median home value in Cassville?
About $155,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cassville?
Homeowners pay a median $825 a year, which is about 0.53% 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 Cassville?
For the median home with 20% down at 7.11%, the payment is about $969 a month. Keeping that under 28% of gross income takes about $41,532 a year.
More about Cassville
- Mortgage Refinance in Cassville
- Debt Relief in Cassville
- Home Equity Loans in Cassville
- 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