The typical owner-occupied home in Strasburg is worth about $165,600, 28% below the Missouri median of $230,300 and 50% below the national median of $332,700. Owners pay a median $1,667 a year in property taxes, about 1.01% of their home's value, higher than the Missouri rate of 0.85%. 69% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Strasburg at a glance
| Strasburg | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $165,600 | $230,300 | $332,700 |
| Median property tax paid per year | $1,667 | $1,948 | $3,119 |
| Property tax as a share of value | 1.01% | 0.85% | 0.94% |
| Median household income | – | $70,702 | $80,734 |
| Homes lived in by their owners | 69% | 68% | 65% |
| Owner homes with a mortgage | 51% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,138 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 20.0% | 19.0% | 21.0% |
| Median rent | $917 | $1,033 | $1,413 |
| Rent as a share of renters' income | 51.0% | 28.1% | 30.6% |
| Median year homes were built | 1971 | 1978 | 1980 |
| Vacant homes | 15.1% | 11.2% | 10.1% |
| Population | 135 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Strasburg
At this week's average 30-year rate of 7.11%, buying the median Strasburg home of $165,600 with 20% down costs about $1,100 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,375, 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 $47,125 for the 20%-down payment.
The median rent here is $917 a month, so owning the median home costs about $183 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $33,120 |
|---|---|
| Loan amount | $132,480 |
| Principal and interest | $891 |
| Property taxes (1.01% a year) | $139 |
| Homeowners insurance (our estimate, 0.5% a year) | $69 |
| PMI | $0 |
| Total per month | $1,100 |
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| Down payment | $5,796 |
|---|---|
| Loan amount | $162,601 |
| Principal and interest | $1,094 |
| Property taxes (1.01% a year) | $139 |
| Homeowners insurance (our estimate, 0.5% a year) | $69 |
| FHA mortgage insurance | $73 |
| Total per month | $1,375 |
Change the numbers in the calculator
Questions about home buying in Strasburg
What is the median home value in Strasburg?
About $165,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Strasburg?
Homeowners pay a median $1,667 a year, which is about 1.01% 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 Strasburg?
For the median home with 20% down at 7.11%, the payment is about $1,100 a month. Keeping that under 28% of gross income takes about $47,125 a year.
More about Strasburg
- Mortgage Refinance in Strasburg
- Debt Relief in Strasburg
- Home Equity Loans in Strasburg
- 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