The typical owner-occupied home in Tallapoosa is worth about $37,500, 84% below the Missouri median of $230,300 and 89% below the national median of $332,700. Owners pay a median $450 a year in property taxes, about 1.20% of their home's value, higher than the Missouri rate of 0.85%. The median household earns $55,750 a year, so the median home costs 0.7 times the median income (3.3 times for Missouri). 74% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Tallapoosa at a glance
| Tallapoosa | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $37,500 | $230,300 | $332,700 |
| Median property tax paid per year | $450 | $1,948 | $3,119 |
| Property tax as a share of value | 1.20% | 0.85% | 0.94% |
| Median household income | $55,750 | $70,702 | $80,734 |
| Homes lived in by their owners | 74% | 68% | 65% |
| Owner homes with a mortgage | 0% | 60% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,524 | $1,963 |
| Median rent | – | $1,033 | $1,413 |
| Median year homes were built | 1971 | 1978 | 1980 |
| Vacant homes | 29.6% | 11.2% | 10.1% |
| Population | 43 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Tallapoosa
At this week's average 30-year rate of 7.11%, buying the median Tallapoosa home of $37,500 with 20% down costs about $255 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $317, 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 $10,926 for the 20%-down payment. That payment is 5% of the median Tallapoosa household income of $55,750; at that income and 20% down, the 28% guideline points to a home of about $191,000.
| Down payment | $7,500 |
|---|---|
| Loan amount | $30,000 |
| Principal and interest | $202 |
| Property taxes (1.20% a year) | $38 |
| Homeowners insurance (our estimate, 0.5% a year) | $16 |
| PMI | $0 |
| Total per month | $255 |
Change the numbers in the calculator
| Down payment | $1,312 |
|---|---|
| Loan amount | $36,821 |
| Principal and interest | $248 |
| Property taxes (1.20% a year) | $38 |
| Homeowners insurance (our estimate, 0.5% a year) | $16 |
| FHA mortgage insurance | $17 |
| Total per month | $317 |
Change the numbers in the calculator
Questions about home buying in Tallapoosa
What is the median home value in Tallapoosa?
About $37,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Tallapoosa?
Homeowners pay a median $450 a year, which is about 1.20% 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 Tallapoosa?
For the median home with 20% down at 7.11%, the payment is about $255 a month. Keeping that under 28% of gross income takes about $10,926 a year.
More about Tallapoosa
- Mortgage Refinance in Tallapoosa
- Debt Relief in Tallapoosa
- Home Equity Loans in Tallapoosa
- 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