The typical owner-occupied home in Herculaneum is worth about $234,300, about the same as the Missouri median of $230,300 and 30% below the national median of $332,700. Owners pay a median $2,122 a year in property taxes, about 0.91% of their home's value, higher than the Missouri rate of 0.85%. The median household earns $93,438 a year, so the median home costs 2.5 times the median income (3.3 times for Missouri). 91% of occupied homes here are lived in by their owners, and 86% of those owners still have a mortgage.
Herculaneum at a glance
| Herculaneum | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $234,300 | $230,300 | $332,700 |
| Median property tax paid per year | $2,122 | $1,948 | $3,119 |
| Property tax as a share of value | 0.91% | 0.85% | 0.94% |
| Median household income | $93,438 | $70,702 | $80,734 |
| Homes lived in by their owners | 91% | 68% | 65% |
| Owner homes with a mortgage | 86% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,534 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 20.4% | 19.0% | 21.0% |
| Median rent | $1,690 | $1,033 | $1,413 |
| Rent as a share of renters' income | 41.4% | 28.1% | 30.6% |
| Median year homes were built | 2002 | 1978 | 1980 |
| Vacant homes | 8.4% | 11.2% | 10.1% |
| Population | 5,071 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Herculaneum
At this week's average 30-year rate of 7.11%, buying the median Herculaneum home of $234,300 with 20% down costs about $1,536 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,927, 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 $65,838 for the 20%-down payment. That payment is 20% of the median Herculaneum household income of $93,438; at that income and 20% down, the 28% guideline points to a home of about $333,000.
The median rent here is $1,690 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $46,860 |
|---|---|
| Loan amount | $187,440 |
| Principal and interest | $1,261 |
| Property taxes (0.91% a year) | $178 |
| Homeowners insurance (our estimate, 0.5% a year) | $98 |
| PMI | $0 |
| Total per month | $1,536 |
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| Down payment | $8,200 |
|---|---|
| Loan amount | $230,056 |
| Principal and interest | $1,548 |
| Property taxes (0.91% a year) | $178 |
| Homeowners insurance (our estimate, 0.5% a year) | $98 |
| FHA mortgage insurance | $104 |
| Total per month | $1,927 |
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Questions about home buying in Herculaneum
What is the median home value in Herculaneum?
About $234,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Herculaneum?
Homeowners pay a median $2,122 a year, which is about 0.91% 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 Herculaneum?
For the median home with 20% down at 7.11%, the payment is about $1,536 a month. Keeping that under 28% of gross income takes about $65,838 a year.
More about Herculaneum
- Mortgage Refinance in Herculaneum
- Debt Relief in Herculaneum
- Home Equity Loans in Herculaneum
- 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