Mortgage payment estimates, closing cost breakdowns, and homebuying data for Cape Girardeau, Missouri.
Pre-filled with Cape Girardeau median home price and Missouri tax/insurance rates. Adjust for your property.
Estimated closing costs based on Missouri rates and fees applied to Cape Girardeau prices.
The median home price in Cape Girardeau is $175,000, 26% below the Missouri state median of $235,000. With a population of 40,100, Cape Girardeau is a smaller market where home prices tend to be more accessible than in many parts of Missouri.
Property taxes in Missouri average 0.97% annually. This moderate property tax rate means a $175,000 home in Cape Girardeau would carry roughly $141/month in property taxes. Homeowners insurance in Missouri runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Cape Girardeau is $880/month. The price-to-rent ratio in Cape Girardeau is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Cape Girardeau offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Missouri's MHDC First Place Loan program.