Mortgage payment estimates, closing cost breakdowns, and homebuying data for Hannibal, Missouri.
Pre-filled with Hannibal median home price and Missouri tax/insurance rates. Adjust for your property.
Estimated closing costs based on Missouri rates and fees applied to Hannibal prices.
The median home price in Hannibal is $135,000, 43% below the Missouri state median of $235,000. With a population of 17,006, Hannibal 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 $135,000 home in Hannibal would carry roughly $109/month in property taxes. Homeowners insurance in Missouri runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Hannibal is $720/month. The price-to-rent ratio in Hannibal is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Hannibal 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.