The typical owner-occupied home in Cape Girardeau County is worth about $220,700, 4% below the Missouri median of $230,300 and 34% below the national median of $332,700. Owners pay a median $1,421 a year in property taxes, about 0.64% of their home's value, lower than the Missouri rate of 0.85%. The median household earns $68,464 a year, so the median home costs 3.2 times the median income (3.3 times for Missouri). 67% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Cape Girardeau County at a glance
| Cape Girardeau County | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $220,700 | $230,300 | $332,700 |
| Median property tax paid per year | $1,421 | $1,948 | $3,119 |
| Property tax as a share of value | 0.64% | 0.85% | 0.94% |
| Median household income | $68,464 | $70,702 | $80,734 |
| Homes lived in by their owners | 67% | 68% | 65% |
| Owner homes with a mortgage | 61% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,408 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 18.0% | 19.0% | 21.0% |
| Median rent | $881 | $1,033 | $1,413 |
| Rent as a share of renters' income | 28.3% | 28.1% | 30.6% |
| Median year homes were built | 1982 | 1978 | 1980 |
| Vacant homes | 10.1% | 11.2% | 10.1% |
| Population | 82,735 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Cape Girardeau County
At this week's average 30-year rate of 7.11%, buying the median Cape Girardeau County home of $220,700 with 20% down costs about $1,397 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,765, 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 $59,889 for the 20%-down payment. That payment is 24% of the median Cape Girardeau County household income of $68,464; at that income and 20% down, the 28% guideline points to a home of about $252,000.
The median rent here is $881 a month, so owning the median home costs about $516 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $44,140 |
|---|---|
| Loan amount | $176,560 |
| Principal and interest | $1,188 |
| Property taxes (0.64% a year) | $118 |
| Homeowners insurance (our estimate, 0.5% a year) | $92 |
| PMI | $0 |
| Total per month | $1,397 |
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| Down payment | $7,724 |
|---|---|
| Loan amount | $216,703 |
| Principal and interest | $1,458 |
| Property taxes (0.64% a year) | $118 |
| Homeowners insurance (our estimate, 0.5% a year) | $92 |
| FHA mortgage insurance | $98 |
| Total per month | $1,765 |
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Questions about home buying in Cape Girardeau County
What is the median home value in Cape Girardeau County?
About $220,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cape Girardeau County?
Homeowners pay a median $1,421 a year, which is about 0.64% 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 Cape Girardeau County?
For the median home with 20% down at 7.11%, the payment is about $1,397 a month. Keeping that under 28% of gross income takes about $59,889 a year.
More about Cape Girardeau County
- Mortgage Refinance in Cape Girardeau County
- Debt Relief in Cape Girardeau County
- Home Equity Loans in Cape Girardeau County
- 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