Total monthly cost of ownership
Cost to Own a Home in Bonne Terre, Missouri
A $120,000 home here costs
$1,115per 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 $48,000 a year.
A standard mortgage calculator would have told you $654. The real number is $461 higher every month, 70% more than the payment most buyers budget for.
Compare St. Francois County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Bonne Terre against St. Francois County and Missouri
| Measure | Bonne Terre | St. Francois County |
|---|---|---|
| Median home value | $120,400 | $155,100 |
| Median property tax | $842 | $1,161 |
| Effective tax rate | 0.699% | 0.749% |
| Median gross rent | $585 | $786 |
| Population | 6,773 | 66,864 |
The weather behind that power bill
Bonne Terre sits in St. Francois County, which averages a high of 88.5°F in its hottest month and a low of 22.6°F in its coldest, with 45.16" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,341 cooling and 4,551 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for St. Francois County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in St. Francois County
Full St. Francois County cost breakdown · Every county in Missouri
Talk to someone who works this market
These are Bonne Terre 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 Bonne Terre every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Bonne Terre I already own here and may sell
Common questions
How much does it cost to own a home in Bonne Terre?
A $120,000 home in Bonne Terre, Missouri costs approximately $1,115 per month with 20% down at 7.24%. That is $654 principal and interest, $70 property tax, $63 homeowners insurance, $228 utilities and $100 set aside for maintenance.
What is the property tax rate in Bonne Terre?
Bonne Terre has an effective property tax rate of 0.699%, based on a median home value of $120,400 and median real estate taxes of $842. That is lower than the St. Francois County average of 0.749%.
What is the average home price in Bonne Terre?
The median owner-occupied home value in Bonne Terre, Missouri is $120,400, against $155,100 across St. Francois County.
Is it cheaper to rent or buy in Bonne Terre?
Median gross rent in Bonne Terre is $585 a month, against $1,115 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Bonne Terre?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Bonne Terre, Missouri at today's rate takes a household income of roughly $48,000 a year. That covers the full $1,115 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bonne Terre, 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.