The typical owner-occupied home in Gower is worth about $213,200, 7% below the Missouri median of $230,300 and 36% below the national median of $332,700. Owners pay a median $1,624 a year in property taxes, about 0.76% of their home's value, lower than the Missouri rate of 0.85%. The median household earns $83,750 a year, so the median home costs 2.5 times the median income (3.3 times for Missouri). 85% of occupied homes here are lived in by their owners, and 77% of those owners still have a mortgage.
Gower at a glance
| Gower | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $213,200 | $230,300 | $332,700 |
| Median property tax paid per year | $1,624 | $1,948 | $3,119 |
| Property tax as a share of value | 0.76% | 0.85% | 0.94% |
| Median household income | $83,750 | $70,702 | $80,734 |
| Homes lived in by their owners | 85% | 68% | 65% |
| Owner homes with a mortgage | 77% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,415 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 20.0% | 19.0% | 21.0% |
| Median rent | $926 | $1,033 | $1,413 |
| Rent as a share of renters' income | 30.5% | 28.1% | 30.6% |
| Median year homes were built | 1975 | 1978 | 1980 |
| Vacant homes | 6.6% | 11.2% | 10.1% |
| Population | 1,799 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Gower
At this week's average 30-year rate of 7.11%, buying the median Gower home of $213,200 with 20% down costs about $1,371 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,726, 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 $58,767 for the 20%-down payment. That payment is 20% of the median Gower household income of $83,750; at that income and 20% down, the 28% guideline points to a home of about $304,000.
The median rent here is $926 a month, so owning the median home costs about $445 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $42,640 |
|---|---|
| Loan amount | $170,560 |
| Principal and interest | $1,147 |
| Property taxes (0.76% a year) | $135 |
| Homeowners insurance (our estimate, 0.5% a year) | $89 |
| PMI | $0 |
| Total per month | $1,371 |
Change the numbers in the calculator
| Down payment | $7,462 |
|---|---|
| Loan amount | $209,338 |
| Principal and interest | $1,408 |
| Property taxes (0.76% a year) | $135 |
| Homeowners insurance (our estimate, 0.5% a year) | $89 |
| FHA mortgage insurance | $94 |
| Total per month | $1,726 |
Change the numbers in the calculator
Questions about home buying in Gower
What is the median home value in Gower?
About $213,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gower?
Homeowners pay a median $1,624 a year, which is about 0.76% 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 Gower?
For the median home with 20% down at 7.11%, the payment is about $1,371 a month. Keeping that under 28% of gross income takes about $58,767 a year.
More about Gower
- Mortgage Refinance in Gower
- Debt Relief in Gower
- Home Equity Loans in Gower
- 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