New Madrid County, Missouri home prices
Typical home $103,762 · +1.1% in a year · property tax 0.73%
The typical home in New Madrid County is worth $103,762, 61% less than the Missouri typical home ($265,387). Values changed +1.1% in the past year and +22.8% over five years. Homeowners here pay a median 0.73% of their home's value in property tax each year ($755 on the typical home), versus 0.79% statewide.
Mortgage on the typical New Madrid County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $20,752 | $83,010 | $558 | $0 | $115 | $673 | $28,900 |
| 10% down | $10,376 | $93,386 | $628 | $39 | $115 | $782 | $33,500 |
| 5% down | $5,188 | $98,574 | $663 | $41 | $115 | $819 | $35,100 |
| 3.5% down (FHA) | $3,632 | $101,883 | $685 | $46 | $115 | $846 | $36,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.73% 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.
What it takes: see what you can afford by salary in Missouri.
Missouri counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Sullivan County | $101,597 | +2.6% | 0.69% |
| Mississippi County | $107,055 | +0.7% | 0.81% |
| Dunklin County | $94,976 | +7.5% | 0.7% |
| Pemiscot County | $92,164 | -10.5% | 0.95% |
| Grundy County | $118,497 | +5.3% | 1% |
| Scotland County | $128,606 | +3.3% | 0.79% |
| Harrison County | $130,880 | +4.5% | 0.89% |
| Wayne County | $132,332 | +2.7% | 0.52% |
| Mercer County | $138,973 | +1.2% | 0.96% |
| Gentry County | $141,201 | +3.9% | 0.93% |
Frequently asked questions
What is the average home price in New Madrid County, MO?
The typical home value in New Madrid County is $103,762 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in New Madrid County?
About $28,900 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in New Madrid County?
The median effective rate is 0.73% of home value a year (Census ACS 2024 5-year estimates).