Total monthly cost of ownership
Cost to Own a Home in Boonville, Missouri
A $173,000 home here costs
$1,510per 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 $64,500 a year.
A standard mortgage calculator would have told you $943. The real number is $566 higher every month, 60% more than the payment most buyers budget for.
Compare Cooper 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.
Boonville against Cooper County and Missouri
| Measure | Boonville | Cooper County |
|---|---|---|
| Median home value | $173,400 | $197,100 |
| Median property tax | $1,248 | $1,332 |
| Effective tax rate | 0.720% | 0.676% |
| Median gross rent | $759 | $763 |
| Population | 7,682 | 16,835 |
The weather behind that power bill
Boonville sits in Cooper County, which averages a high of 87.7°F in its hottest month and a low of 19.8°F in its coldest, with 42.57" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,344 cooling and 5,095 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Cooper County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cooper County
No other places of this size are published in Cooper County.
Full Cooper County cost breakdown · Every county in Missouri
Talk to someone who works this market
These are Boonville 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 Boonville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Boonville I already own here and may sell
Common questions
How much does it cost to own a home in Boonville?
A $173,000 home in Boonville, Missouri costs approximately $1,510 per month with 20% down at 7.24%. That is $943 principal and interest, $104 property tax, $90 homeowners insurance, $228 utilities and $144 set aside for maintenance.
What is the property tax rate in Boonville?
Boonville has an effective property tax rate of 0.720%, based on a median home value of $173,400 and median real estate taxes of $1,248. That is higher than the Cooper County average of 0.676%.
What is the average home price in Boonville?
The median owner-occupied home value in Boonville, Missouri is $173,400, against $197,100 across Cooper County.
Is it cheaper to rent or buy in Boonville?
Median gross rent in Boonville is $759 a month, against $1,510 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 Boonville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Boonville, Missouri at today's rate takes a household income of roughly $64,500 a year. That covers the full $1,510 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Boonville, 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.