The typical owner-occupied home in Schell City is worth about $57,500, 75% below the Missouri median of $230,300 and 83% below the national median of $332,700. Owners pay a median $386 a year in property taxes, about 0.67% of their home's value, lower than the Missouri rate of 0.85%. The median household earns $46,250 a year, so the median home costs 1.2 times the median income (3.3 times for Missouri). 71% of occupied homes here are lived in by their owners, and 17% of those owners still have a mortgage.
Schell City at a glance
| Schell City | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $57,500 | $230,300 | $332,700 |
| Median property tax paid per year | $386 | $1,948 | $3,119 |
| Property tax as a share of value | 0.67% | 0.85% | 0.94% |
| Median household income | $46,250 | $70,702 | $80,734 |
| Homes lived in by their owners | 71% | 68% | 65% |
| Owner homes with a mortgage | 17% | 60% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 19.0% | 21.0% |
| Median rent | $569 | $1,033 | $1,413 |
| Rent as a share of renters' income | 14.2% | 28.1% | 30.6% |
| Median year homes were built | 1975 | 1978 | 1980 |
| Vacant homes | 24.8% | 11.2% | 10.1% |
| Population | 224 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Schell City
At this week's average 30-year rate of 7.11%, buying the median Schell City home of $57,500 with 20% down costs about $366 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $461, 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 $15,664 for the 20%-down payment. That payment is 9% of the median Schell City household income of $46,250; at that income and 20% down, the 28% guideline points to a home of about $170,000.
The median rent here is $569 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $11,500 |
|---|---|
| Loan amount | $46,000 |
| Principal and interest | $309 |
| Property taxes (0.67% a year) | $32 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| PMI | $0 |
| Total per month | $366 |
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| Down payment | $2,012 |
|---|---|
| Loan amount | $56,459 |
| Principal and interest | $380 |
| Property taxes (0.67% a year) | $32 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| FHA mortgage insurance | $25 |
| Total per month | $461 |
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Questions about home buying in Schell City
What is the median home value in Schell City?
About $57,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Schell City?
Homeowners pay a median $386 a year, which is about 0.67% 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 Schell City?
For the median home with 20% down at 7.11%, the payment is about $366 a month. Keeping that under 28% of gross income takes about $15,664 a year.
More about Schell City
- Mortgage Refinance in Schell City
- Debt Relief in Schell City
- Home Equity Loans in Schell City
- 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