The typical owner-occupied home in Doniphan is worth about $110,400, 52% below the Missouri median of $230,300 and 67% below the national median of $332,700. Owners pay a median $674 a year in property taxes, about 0.61% of their home's value, lower than the Missouri rate of 0.85%. The median household earns $37,650 a year, so the median home costs 2.9 times the median income (3.3 times for Missouri). 57% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Doniphan at a glance
| Doniphan | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $110,400 | $230,300 | $332,700 |
| Median property tax paid per year | $674 | $1,948 | $3,119 |
| Property tax as a share of value | 0.61% | 0.85% | 0.94% |
| Median household income | $37,650 | $70,702 | $80,734 |
| Homes lived in by their owners | 57% | 68% | 65% |
| Owner homes with a mortgage | 66% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $982 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 23.5% | 19.0% | 21.0% |
| Median rent | $664 | $1,033 | $1,413 |
| Rent as a share of renters' income | 34.6% | 28.1% | 30.6% |
| Median year homes were built | 1972 | 1978 | 1980 |
| Vacant homes | 11.4% | 11.2% | 10.1% |
| Population | 2,345 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Doniphan
At this week's average 30-year rate of 7.11%, buying the median Doniphan home of $110,400 with 20% down costs about $696 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $880, 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 $29,839 for the 20%-down payment. That payment is 22% of the median Doniphan household income of $37,650; at that income and 20% down, the 28% guideline points to a home of about $139,000.
The median rent here is $664 a month, so owning the median home costs about $32 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $22,080 |
|---|---|
| Loan amount | $88,320 |
| Principal and interest | $594 |
| Property taxes (0.61% a year) | $56 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $696 |
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| Down payment | $3,864 |
|---|---|
| Loan amount | $108,400 |
| Principal and interest | $729 |
| Property taxes (0.61% a year) | $56 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $49 |
| Total per month | $880 |
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Questions about home buying in Doniphan
What is the median home value in Doniphan?
About $110,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Doniphan?
Homeowners pay a median $674 a year, which is about 0.61% 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 Doniphan?
For the median home with 20% down at 7.11%, the payment is about $696 a month. Keeping that under 28% of gross income takes about $29,839 a year.
More about Doniphan
- Mortgage Refinance in Doniphan
- Debt Relief in Doniphan
- Home Equity Loans in Doniphan
- 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