Total monthly cost of ownership
Cost to Own a Home in Bloomfield, Missouri
A $69,000 home here costs
$743per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $32,000 a year.
A standard mortgage calculator would have told you $376. The real number is $367 higher every month, 98% more than the payment most buyers budget for.
Compare Stoddard County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Bloomfield from a five-year rolling sample, and with about 2,011 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Stoddard County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Bloomfield against Stoddard County and Missouri
| Measure | Bloomfield | Stoddard County |
|---|---|---|
| Median home value | $69,400 | $135,400 |
| Median property tax | $547 | $885 |
| Effective tax rate | 0.788% | 0.654% |
| Median gross rent | $800 | $737 |
| Population | 2,011 | 28,547 |
The weather behind that power bill
Bloomfield 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 $160 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
Talk to someone who works this market
These are Bloomfield averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Bloomfield every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Bloomfield I already own here and may sell
Common questions
How much does it cost to own a home in Bloomfield?
A $69,000 home in Bloomfield, Missouri costs approximately $743 per month with 20% down at 7.24%. That is $376 principal and interest, $45 property tax, $36 homeowners insurance, $228 utilities and $58 set aside for maintenance.
What is the property tax rate in Bloomfield?
Bloomfield has an effective property tax rate of 0.788%, based on a median home value of $69,400 and median real estate taxes of $547. That is higher than the Stoddard County average of 0.654%.
What is the average home price in Bloomfield?
The median owner-occupied home value in Bloomfield, Missouri is $69,400, against $135,400 across Stoddard County.
Is it cheaper to rent or buy in Bloomfield?
Median gross rent in Bloomfield is $800 a month, against $743 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Bloomfield?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Bloomfield, Missouri at today's rate takes a household income of roughly $32,000 a year. That covers the full $743 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bloomfield, 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.