Phelps County, Missouri home prices
Typical home $232,325 · +5.3% in a year · property tax 0.64%
The typical home in Phelps County is worth $232,325, 12% less than the Missouri typical home ($265,387). Values changed +5.3% in the past year and +30.8% over five years. Homeowners here pay a median 0.64% of their home's value in property tax each year ($1,476 on the typical home), versus 0.79% statewide.
Mortgage on the typical Phelps County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $46,465 | $185,860 | $1,250 | $0 | $239 | $1,489 | $63,800 |
| 10% down | $23,233 | $209,093 | $1,407 | $87 | $239 | $1,733 | $74,300 |
| 5% down | $11,616 | $220,709 | $1,485 | $92 | $239 | $1,816 | $77,800 |
| 3.5% down (FHA) | $8,131 | $228,117 | $1,535 | $103 | $239 | $1,876 | $80,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.64% 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 · part of the Rolla metro area.
Missouri counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Pulaski County | $231,876 | +4.3% | 0.61% |
| McDonald County | $230,115 | +5.1% | 0.46% |
| Cedar County | $229,184 | +5.3% | 0.62% |
| Montgomery County | $236,099 | +10.9% | 0.76% |
| Perry County | $236,630 | +7.6% | 0.74% |
| Gasconade County | $236,772 | +4.0% | 0.73% |
| DeKalb County | $236,909 | +5.7% | 0.76% |
| Howard County | $227,624 | +6.2% | 0.77% |
| Laclede County | $237,472 | +5.3% | 0.6% |
| Bates County | $226,765 | +3.5% | 0.61% |
Frequently asked questions
What is the average home price in Phelps County, MO?
The typical home value in Phelps County is $232,325 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Phelps County?
About $63,800 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Phelps County?
The median effective rate is 0.64% of home value a year (Census ACS 2024 5-year estimates).