The typical owner-occupied home in Gravois Mills is worth about $56,100, 76% below the Missouri median of $230,300 and 83% below the national median of $332,700. The median household earns $51,563 a year, so the median home costs 1.1 times the median income (3.3 times for Missouri). 76% of occupied homes here are lived in by their owners, and 15% of those owners still have a mortgage.
Gravois Mills at a glance
| Gravois Mills | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $56,100 | $230,300 | $332,700 |
| Median property tax paid per year | – | $1,948 | $3,119 |
| Median household income | $51,563 | $70,702 | $80,734 |
| Homes lived in by their owners | 76% | 68% | 65% |
| Owner homes with a mortgage | 15% | 60% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 20.0% | 19.0% | 21.0% |
| Median rent | $680 | $1,033 | $1,413 |
| Rent as a share of renters' income | 23.3% | 28.1% | 30.6% |
| Median year homes were built | 1985 | 1978 | 1980 |
| Vacant homes | 37.8% | 11.2% | 10.1% |
| Population | 116 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Gravois Mills
At this week's average 30-year rate of 7.11%, buying the median Gravois Mills home of $56,100 with 20% down costs about $377 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $470, 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 $16,145 for the 20%-down payment. That payment is 9% of the median Gravois Mills household income of $51,563; at that income and 20% down, the 28% guideline points to a home of about $179,000.
The median rent here is $680 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $11,220 |
|---|---|
| Loan amount | $44,880 |
| Principal and interest | $302 |
| Property taxes (1.10% a year) | $51 |
| Homeowners insurance (our estimate, 0.5% a year) | $23 |
| PMI | $0 |
| Total per month | $377 |
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| Down payment | $1,964 |
|---|---|
| Loan amount | $55,084 |
| Principal and interest | $371 |
| Property taxes (1.10% a year) | $51 |
| Homeowners insurance (our estimate, 0.5% a year) | $23 |
| FHA mortgage insurance | $25 |
| Total per month | $470 |
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Questions about home buying in Gravois Mills
What is the median home value in Gravois Mills?
About $56,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Gravois Mills?
For the median home with 20% down at 7.11%, the payment is about $377 a month. Keeping that under 28% of gross income takes about $16,145 a year.
More about Gravois Mills
- Mortgage Refinance in Gravois Mills
- Debt Relief in Gravois Mills
- Home Equity Loans in Gravois Mills
- 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