The typical owner-occupied home in Platte County is worth about $345,100, 50% above the Missouri median of $230,300 and 4% above the national median of $332,700. Owners pay a median $3,613 a year in property taxes, about 1.05% of their home's value, higher than the Missouri rate of 0.85%. The median household earns $96,227 a year, so the median home costs 3.6 times the median income (3.3 times for Missouri). 67% of occupied homes here are lived in by their owners, and 69% of those owners still have a mortgage.
Platte County at a glance
| Platte County | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $345,100 | $230,300 | $332,700 |
| Median property tax paid per year | $3,613 | $1,948 | $3,119 |
| Property tax as a share of value | 1.05% | 0.85% | 0.94% |
| Median household income | $96,227 | $70,702 | $80,734 |
| Homes lived in by their owners | 67% | 68% | 65% |
| Owner homes with a mortgage | 69% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,991 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 19.4% | 19.0% | 21.0% |
| Median rent | $1,334 | $1,033 | $1,413 |
| Rent as a share of renters' income | 26.3% | 28.1% | 30.6% |
| Median year homes were built | 1992 | 1978 | 1980 |
| Vacant homes | 5.8% | 11.2% | 10.1% |
| Population | 110,371 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Platte County
At this week's average 30-year rate of 7.11%, buying the median Platte County home of $345,100 with 20% down costs about $2,303 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,878, 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 $98,698 for the 20%-down payment. That payment is 29% of the median Platte County household income of $96,227; at that income and 20% down, the 28% guideline points to a home of about $336,000.
The median rent here is $1,334 a month, so owning the median home costs about $969 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $69,020 |
|---|---|
| Loan amount | $276,080 |
| Principal and interest | $1,857 |
| Property taxes (1.05% a year) | $302 |
| Homeowners insurance (our estimate, 0.5% a year) | $144 |
| PMI | $0 |
| Total per month | $2,303 |
Change the numbers in the calculator
| Down payment | $12,078 |
|---|---|
| Loan amount | $338,849 |
| Principal and interest | $2,279 |
| Property taxes (1.05% a year) | $302 |
| Homeowners insurance (our estimate, 0.5% a year) | $144 |
| FHA mortgage insurance | $153 |
| Total per month | $2,878 |
Change the numbers in the calculator
Questions about home buying in Platte County
What is the median home value in Platte County?
About $345,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Platte County?
Homeowners pay a median $3,613 a year, which is about 1.05% 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 Platte County?
For the median home with 20% down at 7.11%, the payment is about $2,303 a month. Keeping that under 28% of gross income takes about $98,698 a year.
More about Platte County
- Mortgage Refinance in Platte County
- Debt Relief in Platte County
- Home Equity Loans in Platte County
- 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