The typical owner-occupied home in Augusta is worth about $362,500, 57% above the Missouri median of $230,300 and 9% above the national median of $332,700. Owners pay a median $2,500 a year in property taxes, about 0.69% of their home's value, lower than the Missouri rate of 0.85%. The median household earns $103,750 a year, so the median home costs 3.5 times the median income (3.3 times for Missouri). 95% of occupied homes here are lived in by their owners, and 70% of those owners still have a mortgage.
Augusta at a glance
| Augusta | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $362,500 | $230,300 | $332,700 |
| Median property tax paid per year | $2,500 | $1,948 | $3,119 |
| Property tax as a share of value | 0.69% | 0.85% | 0.94% |
| Median household income | $103,750 | $70,702 | $80,734 |
| Homes lived in by their owners | 95% | 68% | 65% |
| Owner homes with a mortgage | 70% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,884 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 21.9% | 19.0% | 21.0% |
| Median rent | $1,375 | $1,033 | $1,413 |
| Rent as a share of renters' income | 16.7% | 28.1% | 30.6% |
| Median year homes were built | 1938 | 1978 | 1980 |
| Vacant homes | 21.1% | 11.2% | 10.1% |
| Population | 285 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Augusta
At this week's average 30-year rate of 7.11%, buying the median Augusta home of $362,500 with 20% down costs about $2,310 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,914, 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 $99,014 for the 20%-down payment. That payment is 27% of the median Augusta household income of $103,750; at that income and 20% down, the 28% guideline points to a home of about $380,000.
The median rent here is $1,375 a month, so owning the median home costs about $935 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $72,500 |
|---|---|
| Loan amount | $290,000 |
| Principal and interest | $1,951 |
| Property taxes (0.69% a year) | $208 |
| Homeowners insurance (our estimate, 0.5% a year) | $151 |
| PMI | $0 |
| Total per month | $2,310 |
Change the numbers in the calculator
| Down payment | $12,688 |
|---|---|
| Loan amount | $355,934 |
| Principal and interest | $2,394 |
| Property taxes (0.69% a year) | $208 |
| Homeowners insurance (our estimate, 0.5% a year) | $151 |
| FHA mortgage insurance | $160 |
| Total per month | $2,914 |
Change the numbers in the calculator
Questions about home buying in Augusta
What is the median home value in Augusta?
About $362,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Augusta?
Homeowners pay a median $2,500 a year, which is about 0.69% 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 Augusta?
For the median home with 20% down at 7.11%, the payment is about $2,310 a month. Keeping that under 28% of gross income takes about $99,014 a year.
More about Augusta
- Mortgage Refinance in Augusta
- Debt Relief in Augusta
- Home Equity Loans in Augusta
- 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