The typical owner-occupied home in Hannibal is worth about $118,300, 72% below the New York median of $423,800 and 64% below the national median of $332,700. Owners pay a median $3,185 a year in property taxes, about 2.69% of their home's value, higher than the New York rate of 1.55%. The median household earns $78,958 a year, so the median home costs 1.5 times the median income (4.9 times for New York). 73% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Hannibal at a glance
| Hannibal | New York | U.S. | |
|---|---|---|---|
| Median home value | $118,300 | $423,800 | $332,700 |
| Median property tax paid per year | $3,185 | $6,582 | $3,119 |
| Property tax as a share of value | 2.69% | 1.55% | 0.94% |
| Median household income | $78,958 | $85,974 | $80,734 |
| Homes lived in by their owners | 73% | 54% | 65% |
| Owner homes with a mortgage | 51% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,382 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 16.4% | 22.5% | 21.0% |
| Median rent | $932 | $1,621 | $1,413 |
| Rent as a share of renters' income | 18.3% | 31.2% | 30.6% |
| Median year homes were built | 1942 | 1959 | 1980 |
| Vacant homes | 3.9% | 10.0% | 10.1% |
| Population | 593 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Hannibal
At this week's average 30-year rate of 7.11%, buying the median Hannibal home of $118,300 with 20% down costs about $951 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,148, 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 $40,763 for the 20%-down payment. That payment is 14% of the median Hannibal household income of $78,958; at that income and 20% down, the 28% guideline points to a home of about $229,000.
The median rent here is $932 a month, so owning the median home costs about $19 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $23,660 |
|---|---|
| Loan amount | $94,640 |
| Principal and interest | $637 |
| Property taxes (2.69% a year) | $265 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| PMI | $0 |
| Total per month | $951 |
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| Down payment | $4,140 |
|---|---|
| Loan amount | $116,157 |
| Principal and interest | $781 |
| Property taxes (2.69% a year) | $265 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| FHA mortgage insurance | $52 |
| Total per month | $1,148 |
Change the numbers in the calculator
Questions about home buying in Hannibal
What is the median home value in Hannibal?
About $118,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hannibal?
Homeowners pay a median $3,185 a year, which is about 2.69% 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 Hannibal?
For the median home with 20% down at 7.11%, the payment is about $951 a month. Keeping that under 28% of gross income takes about $40,763 a year.
More about Hannibal
- Mortgage Refinance in Hannibal
- Debt Relief in Hannibal
- Home Equity Loans in Hannibal
- 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