How much house can I afford on $40,000 in Missouri?
About $143,000 with 20% down ($114,000 with an FHA loan), using Missouri's 0.79% property tax rate.
That is $122,682 less than the typical Missouri home ($265,387), so on $40,000 you'd look at cheaper areas or a smaller home. The payment of $933 covers $768 principal and interest, $94 property tax and $71 insurance.
Counties in Missouri you can afford on $40,000
12 of 113 counties have a typical home value at or below $143,000:
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Atchison County | $142,417 | +0.5% | 1.16% |
| Gentry County | $141,201 | +3.9% | 0.93% |
| Mercer County | $138,973 | +1.2% | 0.96% |
| Wayne County | $132,332 | +2.7% | 0.52% |
| Harrison County | $130,880 | +4.5% | 0.89% |
| Scotland County | $128,606 | +3.3% | 0.79% |
| Grundy County | $118,497 | +5.3% | 1% |
| Mississippi County | $107,055 | +0.7% | 0.81% |
| New Madrid County | $103,762 | +1.1% | 0.73% |
| Sullivan County | $101,597 | +2.6% | 0.69% |
| Dunklin County | $94,976 | +7.5% | 0.7% |
| Pemiscot County | $92,164 | -10.5% | 0.95% |
Affordable metro areas
Assumes a 30-year fixed loan at 7.11%, property tax of 0.79% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Other salaries in Missouri
Frequently asked questions
How much house can I afford on $40,000 in Missouri?
About $143,000 with 20% down at 7.11%, keeping the payment (with Missouri's 0.79% property tax and insurance) under $933 a month.
Is $40,000 enough to buy a house in Missouri?
Not the typical home: the typical Missouri home is worth $265,387 (Zillow, September 2026) and $40,000 supports about $143,000. 12 of 113 counties are within budget.