The typical owner-occupied home in Seneca is worth about $132,600, 42% below the Missouri median of $230,300 and 60% below the national median of $332,700. Owners pay a median $780 a year in property taxes, about 0.59% of their home's value, lower than the Missouri rate of 0.85%. The median household earns $46,023 a year, so the median home costs 2.9 times the median income (3.3 times for Missouri). 64% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Seneca at a glance
| Seneca | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $132,600 | $230,300 | $332,700 |
| Median property tax paid per year | $780 | $1,948 | $3,119 |
| Property tax as a share of value | 0.59% | 0.85% | 0.94% |
| Median household income | $46,023 | $70,702 | $80,734 |
| Homes lived in by their owners | 64% | 68% | 65% |
| Owner homes with a mortgage | 67% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,128 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 23.6% | 19.0% | 21.0% |
| Median rent | $902 | $1,033 | $1,413 |
| Rent as a share of renters' income | 30.5% | 28.1% | 30.6% |
| Median year homes were built | 1972 | 1978 | 1980 |
| Vacant homes | 12.5% | 11.2% | 10.1% |
| Population | 1,906 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Seneca
At this week's average 30-year rate of 7.11%, buying the median Seneca home of $132,600 with 20% down costs about $834 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 $35,745 for the 20%-down payment. That payment is 22% of the median Seneca household income of $46,023; at that income and 20% down, the 28% guideline points to a home of about $171,000.
The median rent here is $902 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $26,520 |
|---|---|
| Loan amount | $106,080 |
| Principal and interest | $714 |
| Property taxes (0.59% a year) | $65 |
| Homeowners insurance (our estimate, 0.5% a year) | $55 |
| PMI | $0 |
| Total per month | $834 |
Change the numbers in the calculator
| Down payment | $4,641 |
|---|---|
| Loan amount | $130,198 |
| Principal and interest | $876 |
| Property taxes (0.59% a year) | $65 |
| Homeowners insurance (our estimate, 0.5% a year) | $55 |
| FHA mortgage insurance | $59 |
| Total per month | $1,055 |
Change the numbers in the calculator
Questions about home buying in Seneca
What is the median home value in Seneca?
About $132,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Seneca?
Homeowners pay a median $780 a year, which is about 0.59% 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 Seneca?
For the median home with 20% down at 7.11%, the payment is about $834 a month. Keeping that under 28% of gross income takes about $35,745 a year.
More about Seneca
- Mortgage Refinance in Seneca
- Debt Relief in Seneca
- Home Equity Loans in Seneca
- 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