The typical owner-occupied home in Hallsville is worth about $214,800, 7% below the Missouri median of $230,300 and 35% below the national median of $332,700. Owners pay a median $2,032 a year in property taxes, about 0.95% of their home's value, higher than the Missouri rate of 0.85%. The median household earns $71,000 a year, so the median home costs 3.0 times the median income (3.3 times for Missouri). 77% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Hallsville at a glance
| Hallsville | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $214,800 | $230,300 | $332,700 |
| Median property tax paid per year | $2,032 | $1,948 | $3,119 |
| Property tax as a share of value | 0.95% | 0.85% | 0.94% |
| Median household income | $71,000 | $70,702 | $80,734 |
| Homes lived in by their owners | 77% | 68% | 65% |
| Owner homes with a mortgage | 62% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,438 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 19.5% | 19.0% | 21.0% |
| Median rent | $1,127 | $1,033 | $1,413 |
| Rent as a share of renters' income | 24.9% | 28.1% | 30.6% |
| Median year homes were built | 1997 | 1978 | 1980 |
| Vacant homes | 3.8% | 11.2% | 10.1% |
| Population | 1,927 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Hallsville
At this week's average 30-year rate of 7.11%, buying the median Hallsville home of $214,800 with 20% down costs about $1,416 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,773, 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 $60,666 for the 20%-down payment. That payment is 24% of the median Hallsville household income of $71,000; at that income and 20% down, the 28% guideline points to a home of about $251,000.
The median rent here is $1,127 a month, so owning the median home costs about $289 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $42,960 |
|---|---|
| Loan amount | $171,840 |
| Principal and interest | $1,156 |
| Property taxes (0.95% a year) | $170 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| PMI | $0 |
| Total per month | $1,416 |
Change the numbers in the calculator
| Down payment | $7,518 |
|---|---|
| Loan amount | $210,909 |
| Principal and interest | $1,419 |
| Property taxes (0.95% a year) | $170 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| FHA mortgage insurance | $95 |
| Total per month | $1,773 |
Change the numbers in the calculator
Questions about home buying in Hallsville
What is the median home value in Hallsville?
About $214,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hallsville?
Homeowners pay a median $2,032 a year, which is about 0.95% 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 Hallsville?
For the median home with 20% down at 7.11%, the payment is about $1,416 a month. Keeping that under 28% of gross income takes about $60,666 a year.
More about Hallsville
- Mortgage Refinance in Hallsville
- Debt Relief in Hallsville
- Home Equity Loans in Hallsville
- 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