Total monthly cost of ownership
Cost to Own a Home in Advance, Missouri
A $130,000 home here costs
$1,098per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $668. The real number is $429 higher every month — 64% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Advance against Stoddard County and Missouri
| Measure | Advance | Stoddard County |
|---|---|---|
| Median home value | $130,100 | $135,400 |
| Median property tax | $749 | $885 |
| Effective tax rate | 0.576% | 0.654% |
| Median gross rent | $689 | $737 |
| Population | 1,549 | 28,547 |
The weather behind that power bill
Advance sits in Stoddard County, which averages a high of 89.2°F in its hottest month and a low of 27.7°F in its coldest, with 50.76" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,628 cooling and 3,935 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Stoddard County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Stoddard County
Full Stoddard County cost breakdown · Every county in Missouri
Common questions
How much does it cost to own a home in Advance?
A $130,000 home in Advance, Missouri costs approximately $1,098 per month with 20% down at 6.66%. That is $668 principal and interest, $62 property tax, $68 homeowners insurance, $191 utilities and $108 set aside for maintenance.
What is the property tax rate in Advance?
Advance has an effective property tax rate of 0.576%, based on a median home value of $130,100 and median real estate taxes of $749. That is lower than the Stoddard County average of 0.654%.
What is the average home price in Advance?
The median owner-occupied home value in Advance, Missouri is $130,100, against $135,400 across Stoddard County.
Is it cheaper to rent or buy in Advance?
Median gross rent in Advance is $689 a month, against $1,098 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Advance — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Missouri.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.