Total monthly cost of ownership
Cost to Own a Home in Concordia, Missouri
A $159,000 home here costs
$1,346per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $817. The real number is $528 higher every month — 65% 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.
Concordia against Lafayette County and Missouri
| Measure | Concordia | Lafayette County |
|---|---|---|
| Median home value | $159,300 | $200,300 |
| Median property tax | $1,467 | $1,534 |
| Effective tax rate | 0.921% | 0.766% |
| Median gross rent | $735 | $848 |
| Population | 2,184 | 32,974 |
The weather behind that power bill
Concordia sits in Lafayette County, which averages a high of 86.7°F in its hottest month and a low of 18.4°F in its coldest, with 40.87" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 1,231 cooling and 5,347 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Lafayette County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lafayette County
Full Lafayette County cost breakdown · Every county in Missouri
Common questions
How much does it cost to own a home in Concordia?
A $159,000 home in Concordia, Missouri costs approximately $1,346 per month with 20% down at 6.66%. That is $817 principal and interest, $122 property tax, $83 homeowners insurance, $191 utilities and $133 set aside for maintenance.
What is the property tax rate in Concordia?
Concordia has an effective property tax rate of 0.921%, based on a median home value of $159,300 and median real estate taxes of $1,467. That is higher than the Lafayette County average of 0.766%.
What is the average home price in Concordia?
The median owner-occupied home value in Concordia, Missouri is $159,300, against $200,300 across Lafayette County.
Is it cheaper to rent or buy in Concordia?
Median gross rent in Concordia is $735 a month, against $1,346 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 Concordia — 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.