The typical owner-occupied home in Pickering is worth about $102,500, 55% below the Missouri median of $230,300 and 69% below the national median of $332,700. Owners pay a median $1,000 a year in property taxes, about 0.98% of their home's value, higher than the Missouri rate of 0.85%. The median household earns $66,250 a year, so the median home costs 1.5 times the median income (3.3 times for Missouri). 76% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Pickering at a glance
| Pickering | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $102,500 | $230,300 | $332,700 |
| Median property tax paid per year | $1,000 | $1,948 | $3,119 |
| Property tax as a share of value | 0.98% | 0.85% | 0.94% |
| Median household income | $66,250 | $70,702 | $80,734 |
| Homes lived in by their owners | 76% | 68% | 65% |
| Owner homes with a mortgage | 51% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,125 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 15.8% | 19.0% | 21.0% |
| Median rent | $1,088 | $1,033 | $1,413 |
| Rent as a share of renters' income | 13.6% | 28.1% | 30.6% |
| Median year homes were built | 1952 | 1978 | 1980 |
| Vacant homes | 21.7% | 11.2% | 10.1% |
| Population | 162 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Pickering
At this week's average 30-year rate of 7.11%, buying the median Pickering home of $102,500 with 20% down costs about $678 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $849, 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 $29,059 for the 20%-down payment. That payment is 12% of the median Pickering household income of $66,250; at that income and 20% down, the 28% guideline points to a home of about $234,000.
The median rent here is $1,088 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $20,500 |
|---|---|
| Loan amount | $82,000 |
| Principal and interest | $552 |
| Property taxes (0.98% a year) | $84 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| PMI | $0 |
| Total per month | $678 |
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| Down payment | $3,588 |
|---|---|
| Loan amount | $100,643 |
| Principal and interest | $677 |
| Property taxes (0.98% a year) | $84 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| FHA mortgage insurance | $45 |
| Total per month | $849 |
Change the numbers in the calculator
Questions about home buying in Pickering
What is the median home value in Pickering?
About $102,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Pickering?
Homeowners pay a median $1,000 a year, which is about 0.98% 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 Pickering?
For the median home with 20% down at 7.11%, the payment is about $678 a month. Keeping that under 28% of gross income takes about $29,059 a year.
More about Pickering
- Mortgage Refinance in Pickering
- Debt Relief in Pickering
- Home Equity Loans in Pickering
- 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