The typical owner-occupied home in Caruthersville is worth about $107,700, 53% below the Missouri median of $230,300 and 68% below the national median of $332,700. Owners pay a median $1,225 a year in property taxes, about 1.14% of their home's value, higher than the Missouri rate of 0.85%. The median household earns $34,652 a year, so the median home costs 3.1 times the median income (3.3 times for Missouri). 48% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Caruthersville at a glance
| Caruthersville | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $107,700 | $230,300 | $332,700 |
| Median property tax paid per year | $1,225 | $1,948 | $3,119 |
| Property tax as a share of value | 1.14% | 0.85% | 0.94% |
| Median household income | $34,652 | $70,702 | $80,734 |
| Homes lived in by their owners | 48% | 68% | 65% |
| Owner homes with a mortgage | 49% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,539 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 18.3% | 19.0% | 21.0% |
| Median rent | $801 | $1,033 | $1,413 |
| Rent as a share of renters' income | 36.0% | 28.1% | 30.6% |
| Median year homes were built | 1970 | 1978 | 1980 |
| Vacant homes | 13.8% | 11.2% | 10.1% |
| Population | 5,326 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Caruthersville
At this week's average 30-year rate of 7.11%, buying the median Caruthersville home of $107,700 with 20% down costs about $727 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $906, 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 $31,148 for the 20%-down payment. That payment is 25% of the median Caruthersville household income of $34,652; at that income and 20% down, the 28% guideline points to a home of about $120,000.
The median rent here is $801 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $21,540 |
|---|---|
| Loan amount | $86,160 |
| Principal and interest | $580 |
| Property taxes (1.14% a year) | $102 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| PMI | $0 |
| Total per month | $727 |
Change the numbers in the calculator
| Down payment | $3,770 |
|---|---|
| Loan amount | $105,749 |
| Principal and interest | $711 |
| Property taxes (1.14% a year) | $102 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| FHA mortgage insurance | $48 |
| Total per month | $906 |
Change the numbers in the calculator
Questions about home buying in Caruthersville
What is the median home value in Caruthersville?
About $107,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Caruthersville?
Homeowners pay a median $1,225 a year, which is about 1.14% 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 Caruthersville?
For the median home with 20% down at 7.11%, the payment is about $727 a month. Keeping that under 28% of gross income takes about $31,148 a year.
More about Caruthersville
- Mortgage Refinance in Caruthersville
- Debt Relief in Caruthersville
- Home Equity Loans in Caruthersville
- 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