Mortgage payment estimates, closing cost breakdowns, and homebuying data for Lee's Summit, Missouri.
Pre-filled with Lee's Summit median home price and Missouri tax/insurance rates. Adjust for your property.
Estimated closing costs based on Missouri rates and fees applied to Lee's Summit prices.
The median home price in Lee's Summit is $325,000, 38% above the Missouri state median of $235,000. With a population of 101,108, Lee's Summit is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in Missouri average 0.97% annually. This moderate property tax rate means a $325,000 home in Lee's Summit would carry roughly $263/month in property taxes. Homeowners insurance in Missouri runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Lee's Summit is $1,350/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Lee's Summit presents moderate affordability. The $325K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.