Cape Girardeau, MO home prices
Typical home $225,700 · +4.3% in a year · income needed $62,100
The Cape Girardeau, MO metro area ranks 542 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +4.3% in a year and +25.1% over five years. With 20% down at 7.11%, the typical home costs about $1,449 a month including 0.64% property tax (Cape Girardeau County rate).
Mortgage on the typical Cape Girardeau home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $45,140 | $180,560 | $1,215 | $0 | $234 | $1,449 | $62,100 |
| 10% down | $22,570 | $203,130 | $1,366 | $85 | $234 | $1,685 | $72,200 |
| 5% down | $11,285 | $214,415 | $1,442 | $89 | $234 | $1,766 | $75,700 |
| 3.5% down (FHA) | $7,899 | $221,612 | $1,491 | $100 | $234 | $1,825 | $78,200 |
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.
Counties in the Cape Girardeau area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Cape Girardeau County, MO | $242,411 | +4.5% | 0.64% |
| Bollinger County, MO | $197,155 | +3.4% | 0.58% |
| Alexander County, IL | $59,675 | -14.6% | 1.81% |
What can you afford in Missouri on your salary? · Missouri home prices · Salaries in Missouri
Frequently asked questions
How much is a house in Cape Girardeau?
The typical home in the Cape Girardeau, MO metro area is worth $225,700 (Zillow, September 2026).
What salary do you need to buy a house in Cape Girardeau?
About $62,100 a year for the typical home with 20% down at 7.11%.