The typical owner-occupied home in Excelsior Springs is worth about $186,800, 19% below the Missouri median of $230,300 and 44% below the national median of $332,700. Owners pay a median $1,945 a year in property taxes, about 1.04% of their home's value, higher than the Missouri rate of 0.85%. The median household earns $72,609 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 60% of those owners still have a mortgage.
Excelsior Springs at a glance
| Excelsior Springs | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $186,800 | $230,300 | $332,700 |
| Median property tax paid per year | $1,945 | $1,948 | $3,119 |
| Property tax as a share of value | 1.04% | 0.85% | 0.94% |
| Median household income | $72,609 | $70,702 | $80,734 |
| Homes lived in by their owners | 68% | 68% | 65% |
| Owner homes with a mortgage | 60% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,415 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 18.5% | 19.0% | 21.0% |
| Median rent | $975 | $1,033 | $1,413 |
| Rent as a share of renters' income | 24.8% | 28.1% | 30.6% |
| Median year homes were built | 1969 | 1978 | 1980 |
| Vacant homes | 12.1% | 11.2% | 10.1% |
| Population | 10,484 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Excelsior Springs
At this week's average 30-year rate of 7.11%, buying the median Excelsior Springs home of $186,800 with 20% down costs about $1,245 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,556, 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 $53,358 for the 20%-down payment. That payment is 21% of the median Excelsior Springs household income of $72,609; at that income and 20% down, the 28% guideline points to a home of about $254,000.
The median rent here is $975 a month, so owning the median home costs about $270 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $37,360 |
|---|---|
| Loan amount | $149,440 |
| Principal and interest | $1,005 |
| Property taxes (1.04% a year) | $162 |
| Homeowners insurance (our estimate, 0.5% a year) | $78 |
| PMI | $0 |
| Total per month | $1,245 |
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| Down payment | $6,538 |
|---|---|
| Loan amount | $183,417 |
| Principal and interest | $1,234 |
| Property taxes (1.04% a year) | $162 |
| Homeowners insurance (our estimate, 0.5% a year) | $78 |
| FHA mortgage insurance | $83 |
| Total per month | $1,556 |
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Questions about home buying in Excelsior Springs
What is the median home value in Excelsior Springs?
About $186,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Excelsior Springs?
Homeowners pay a median $1,945 a year, which is about 1.04% 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 Excelsior Springs?
For the median home with 20% down at 7.11%, the payment is about $1,245 a month. Keeping that under 28% of gross income takes about $53,358 a year.
More about Excelsior Springs
- Mortgage Refinance in Excelsior Springs
- Debt Relief in Excelsior Springs
- Home Equity Loans in Excelsior Springs
- 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