The typical owner-occupied home in Dexter is worth about $137,200, 40% below the Missouri median of $230,300 and 59% below the national median of $332,700. Owners pay a median $1,249 a year in property taxes, about 0.91% of their home's value, higher than the Missouri rate of 0.85%. The median household earns $51,701 a year, so the median home costs 2.7 times the median income (3.3 times for Missouri). 60% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Dexter at a glance
| Dexter | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $137,200 | $230,300 | $332,700 |
| Median property tax paid per year | $1,249 | $1,948 | $3,119 |
| Property tax as a share of value | 0.91% | 0.85% | 0.94% |
| Median household income | $51,701 | $70,702 | $80,734 |
| Homes lived in by their owners | 60% | 68% | 65% |
| Owner homes with a mortgage | 50% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,125 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 21.6% | 19.0% | 21.0% |
| Median rent | $765 | $1,033 | $1,413 |
| Rent as a share of renters' income | 23.3% | 28.1% | 30.6% |
| Median year homes were built | 1971 | 1978 | 1980 |
| Vacant homes | 15.7% | 11.2% | 10.1% |
| Population | 7,891 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Dexter
At this week's average 30-year rate of 7.11%, buying the median Dexter home of $137,200 with 20% down costs about $900 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,128, 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 $38,553 for the 20%-down payment. That payment is 21% of the median Dexter household income of $51,701; at that income and 20% down, the 28% guideline points to a home of about $184,000.
The median rent here is $765 a month, so owning the median home costs about $135 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $27,440 |
|---|---|
| Loan amount | $109,760 |
| Principal and interest | $738 |
| Property taxes (0.91% a year) | $104 |
| Homeowners insurance (our estimate, 0.5% a year) | $57 |
| PMI | $0 |
| Total per month | $900 |
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| Down payment | $4,802 |
|---|---|
| Loan amount | $134,715 |
| Principal and interest | $906 |
| Property taxes (0.91% a year) | $104 |
| Homeowners insurance (our estimate, 0.5% a year) | $57 |
| FHA mortgage insurance | $61 |
| Total per month | $1,128 |
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Questions about home buying in Dexter
What is the median home value in Dexter?
About $137,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Dexter?
Homeowners pay a median $1,249 a year, which is about 0.91% 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 Dexter?
For the median home with 20% down at 7.11%, the payment is about $900 a month. Keeping that under 28% of gross income takes about $38,553 a year.
More about Dexter
- Mortgage Refinance in Dexter
- Debt Relief in Dexter
- Home Equity Loans in Dexter
- 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