The typical owner-occupied home in Pevely is worth about $219,600, 5% below the Missouri median of $230,300 and 34% below the national median of $332,700. Owners pay a median $2,659 a year in property taxes, about 1.21% of their home's value, higher than the Missouri rate of 0.85%. The median household earns $56,000 a year, so the median home costs 3.9 times the median income (3.3 times for Missouri). 67% of occupied homes here are lived in by their owners, and 69% of those owners still have a mortgage.
Pevely at a glance
| Pevely | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $219,600 | $230,300 | $332,700 |
| Median property tax paid per year | $2,659 | $1,948 | $3,119 |
| Property tax as a share of value | 1.21% | 0.85% | 0.94% |
| Median household income | $56,000 | $70,702 | $80,734 |
| Homes lived in by their owners | 67% | 68% | 65% |
| Owner homes with a mortgage | 69% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,498 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 20.3% | 19.0% | 21.0% |
| Median rent | $875 | $1,033 | $1,413 |
| Rent as a share of renters' income | 32.2% | 28.1% | 30.6% |
| Median year homes were built | 2000 | 1978 | 1980 |
| Vacant homes | 1.1% | 11.2% | 10.1% |
| Population | 6,055 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Pevely
At this week's average 30-year rate of 7.11%, buying the median Pevely home of $219,600 with 20% down costs about $1,495 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,861, 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 $64,060 for the 20%-down payment. That payment is 32% of the median Pevely household income of $56,000; at that income and 20% down, the 28% guideline points to a home of about $192,000.
The median rent here is $875 a month, so owning the median home costs about $620 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $43,920 |
|---|---|
| Loan amount | $175,680 |
| Principal and interest | $1,182 |
| Property taxes (1.21% a year) | $221 |
| Homeowners insurance (our estimate, 0.5% a year) | $92 |
| PMI | $0 |
| Total per month | $1,495 |
Change the numbers in the calculator
| Down payment | $7,686 |
|---|---|
| Loan amount | $215,622 |
| Principal and interest | $1,451 |
| Property taxes (1.21% a year) | $221 |
| Homeowners insurance (our estimate, 0.5% a year) | $92 |
| FHA mortgage insurance | $97 |
| Total per month | $1,861 |
Change the numbers in the calculator
Questions about home buying in Pevely
What is the median home value in Pevely?
About $219,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Pevely?
Homeowners pay a median $2,659 a year, which is about 1.21% 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 Pevely?
For the median home with 20% down at 7.11%, the payment is about $1,495 a month. Keeping that under 28% of gross income takes about $64,060 a year.
More about Pevely
- Mortgage Refinance in Pevely
- Debt Relief in Pevely
- Home Equity Loans in Pevely
- 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