The typical owner-occupied home in Plato is worth about $176,800, 23% below the Missouri median of $230,300 and 47% below the national median of $332,700. Owners pay a median $580 a year in property taxes, about 0.33% of their home's value, lower than the Missouri rate of 0.85%. 93% of occupied homes here are lived in by their owners, and 56% of those owners still have a mortgage.
Plato at a glance
| Plato | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $176,800 | $230,300 | $332,700 |
| Median property tax paid per year | $580 | $1,948 | $3,119 |
| Property tax as a share of value | 0.33% | 0.85% | 0.94% |
| Median household income | – | $70,702 | $80,734 |
| Homes lived in by their owners | 93% | 68% | 65% |
| Owner homes with a mortgage | 56% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,188 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 19.5% | 19.0% | 21.0% |
| Median rent | – | $1,033 | $1,413 |
| Median year homes were built | 1983 | 1978 | 1980 |
| Vacant homes | 11.5% | 11.2% | 10.1% |
| Population | 183 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Plato
At this week's average 30-year rate of 7.11%, buying the median Plato home of $176,800 with 20% down costs about $1,074 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,368, 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 $46,019 for the 20%-down payment.
| Down payment | $35,360 |
|---|---|
| Loan amount | $141,440 |
| Principal and interest | $951 |
| Property taxes (0.33% a year) | $49 |
| Homeowners insurance (our estimate, 0.5% a year) | $74 |
| PMI | $0 |
| Total per month | $1,074 |
Change the numbers in the calculator
| Down payment | $6,188 |
|---|---|
| Loan amount | $173,598 |
| Principal and interest | $1,168 |
| Property taxes (0.33% a year) | $49 |
| Homeowners insurance (our estimate, 0.5% a year) | $74 |
| FHA mortgage insurance | $78 |
| Total per month | $1,368 |
Change the numbers in the calculator
Questions about home buying in Plato
What is the median home value in Plato?
About $176,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Plato?
Homeowners pay a median $580 a year, which is about 0.33% 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 Plato?
For the median home with 20% down at 7.11%, the payment is about $1,074 a month. Keeping that under 28% of gross income takes about $46,019 a year.
More about Plato
- Mortgage Refinance in Plato
- Debt Relief in Plato
- Home Equity Loans in Plato
- 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