The typical owner-occupied home in Glasgow is worth about $122,600, 47% below the Missouri median of $230,300 and 63% below the national median of $332,700. Owners pay a median $948 a year in property taxes, about 0.77% of their home's value, lower than the Missouri rate of 0.85%. The median household earns $50,446 a year, so the median home costs 2.4 times the median income (3.3 times for Missouri). 82% of occupied homes here are lived in by their owners, and 47% of those owners still have a mortgage.
Glasgow at a glance
| Glasgow | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $122,600 | $230,300 | $332,700 |
| Median property tax paid per year | $948 | $1,948 | $3,119 |
| Property tax as a share of value | 0.77% | 0.85% | 0.94% |
| Median household income | $50,446 | $70,702 | $80,734 |
| Homes lived in by their owners | 82% | 68% | 65% |
| Owner homes with a mortgage | 47% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,082 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 18.5% | 19.0% | 21.0% |
| Median rent | $446 | $1,033 | $1,413 |
| Rent as a share of renters' income | 35.8% | 28.1% | 30.6% |
| Median year homes were built | 1964 | 1978 | 1980 |
| Vacant homes | 17.8% | 11.2% | 10.1% |
| Population | 1,118 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Glasgow
At this week's average 30-year rate of 7.11%, buying the median Glasgow home of $122,600 with 20% down costs about $790 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $994, 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 $33,837 for the 20%-down payment. That payment is 19% of the median Glasgow household income of $50,446; at that income and 20% down, the 28% guideline points to a home of about $183,000.
The median rent here is $446 a month, so owning the median home costs about $344 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $24,520 |
|---|---|
| Loan amount | $98,080 |
| Principal and interest | $660 |
| Property taxes (0.77% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| PMI | $0 |
| Total per month | $790 |
Change the numbers in the calculator
| Down payment | $4,291 |
|---|---|
| Loan amount | $120,379 |
| Principal and interest | $810 |
| Property taxes (0.77% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| FHA mortgage insurance | $54 |
| Total per month | $994 |
Change the numbers in the calculator
Questions about home buying in Glasgow
What is the median home value in Glasgow?
About $122,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Glasgow?
Homeowners pay a median $948 a year, which is about 0.77% 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 Glasgow?
For the median home with 20% down at 7.11%, the payment is about $790 a month. Keeping that under 28% of gross income takes about $33,837 a year.
More about Glasgow
- Mortgage Refinance in Glasgow
- Debt Relief in Glasgow
- Home Equity Loans in Glasgow
- 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