The typical owner-occupied home in Willow Springs is worth about $135,400, 41% below the Missouri median of $230,300 and 59% below the national median of $332,700. Owners pay a median $527 a year in property taxes, about 0.39% of their home's value, lower than the Missouri rate of 0.85%. The median household earns $41,406 a year, so the median home costs 3.3 times the median income (3.3 times for Missouri). 51% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Willow Springs at a glance
| Willow Springs | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $135,400 | $230,300 | $332,700 |
| Median property tax paid per year | $527 | $1,948 | $3,119 |
| Property tax as a share of value | 0.39% | 0.85% | 0.94% |
| Median household income | $41,406 | $70,702 | $80,734 |
| Homes lived in by their owners | 51% | 68% | 65% |
| Owner homes with a mortgage | 62% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,128 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 18.0% | 19.0% | 21.0% |
| Median rent | $634 | $1,033 | $1,413 |
| Rent as a share of renters' income | 23.3% | 28.1% | 30.6% |
| Median year homes were built | 1964 | 1978 | 1980 |
| Vacant homes | 12.7% | 11.2% | 10.1% |
| Population | 2,279 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Willow Springs
At this week's average 30-year rate of 7.11%, buying the median Willow Springs home of $135,400 with 20% down costs about $829 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,055, 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 $35,533 for the 20%-down payment. That payment is 24% of the median Willow Springs household income of $41,406; at that income and 20% down, the 28% guideline points to a home of about $158,000.
The median rent here is $634 a month, so owning the median home costs about $195 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $27,080 |
|---|---|
| Loan amount | $108,320 |
| Principal and interest | $729 |
| Property taxes (0.39% a year) | $44 |
| Homeowners insurance (our estimate, 0.5% a year) | $56 |
| PMI | $0 |
| Total per month | $829 |
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| Down payment | $4,739 |
|---|---|
| Loan amount | $132,948 |
| Principal and interest | $894 |
| Property taxes (0.39% a year) | $44 |
| Homeowners insurance (our estimate, 0.5% a year) | $56 |
| FHA mortgage insurance | $60 |
| Total per month | $1,055 |
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Questions about home buying in Willow Springs
What is the median home value in Willow Springs?
About $135,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Willow Springs?
Homeowners pay a median $527 a year, which is about 0.39% 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 Willow Springs?
For the median home with 20% down at 7.11%, the payment is about $829 a month. Keeping that under 28% of gross income takes about $35,533 a year.
More about Willow Springs
- Mortgage Refinance in Willow Springs
- Debt Relief in Willow Springs
- Home Equity Loans in Willow 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