Total monthly cost of ownership
Cost to Own a Home in Brookfield, Missouri
A $87,000 home here costs
$814per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $447. The real number is $367 higher every month — 82% 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.
Brookfield against Linn County and Missouri
| Measure | Brookfield | Linn County |
|---|---|---|
| Median home value | $86,500 | $117,300 |
| Median property tax | $690 | $899 |
| Effective tax rate | 0.798% | 0.766% |
| Median gross rent | $673 | $612 |
| Population | 4,128 | 11,850 |
The weather behind that power bill
Brookfield sits in Linn County, which averages a high of 85.2°F in its hottest month and a low of 17.8°F in its coldest, with 40.07" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 1,053 cooling and 5,562 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Linn County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Linn County
Common questions
How much does it cost to own a home in Brookfield?
A $87,000 home in Brookfield, Missouri costs approximately $814 per month with 20% down at 6.66%. That is $447 principal and interest, $58 property tax, $45 homeowners insurance, $191 utilities and $73 set aside for maintenance.
What is the property tax rate in Brookfield?
Brookfield has an effective property tax rate of 0.798%, based on a median home value of $86,500 and median real estate taxes of $690. That is higher than the Linn County average of 0.766%.
What is the average home price in Brookfield?
The median owner-occupied home value in Brookfield, Missouri is $86,500, against $117,300 across Linn County.
Is it cheaper to rent or buy in Brookfield?
Median gross rent in Brookfield is $673 a month, against $814 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 Brookfield — 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.