Polk County, Missouri home prices
Typical home $274,050 · +2.0% in a year · property tax 0.55%
The typical home in Polk County is worth $274,050, 3% more than the Missouri typical home ($265,387). Values changed +2.0% in the past year and +32.7% over five years. Homeowners here pay a median 0.55% of their home's value in property tax each year ($1,514 on the typical home), versus 0.79% statewide.
Mortgage on the typical Polk County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $54,810 | $219,240 | $1,475 | $0 | $263 | $1,738 | $74,500 |
| 10% down | $27,405 | $246,645 | $1,659 | $103 | $263 | $2,025 | $86,800 |
| 5% down | $13,703 | $260,348 | $1,751 | $108 | $263 | $2,123 | $91,000 |
| 3.5% down (FHA) | $9,592 | $269,087 | $1,810 | $121 | $263 | $2,195 | $94,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.55% 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 Springfield metro area.
Missouri counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Callaway County | $270,364 | +6.7% | 0.77% |
| Webster County | $268,140 | +5.0% | 0.52% |
| Daviess County | $280,878 | +8.0% | 0.66% |
| Sainte Genevieve County | $265,523 | +10.4% | 0.63% |
| Osage County | $265,223 | +4.6% | 0.59% |
| Franklin County | $264,683 | +4.9% | 0.8% |
| Johnson County | $284,128 | +4.0% | 0.66% |
| Miller County | $263,109 | +3.6% | 0.57% |
| Saint Louis County | $285,675 | +2.8% | 1.2% |
| Ray County | $262,323 | +4.4% | 0.8% |
Frequently asked questions
What is the average home price in Polk County, MO?
The typical home value in Polk County is $274,050 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Polk County?
About $74,500 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Polk County?
The median effective rate is 0.55% of home value a year (Census ACS 2024 5-year estimates).