Total monthly cost of ownership
Cost to Own a Home in Edina, Missouri
A $80,000 home here costs
$761per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $411. The real number is $349 higher every month — 85% 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.
Edina against Knox County and Missouri
| Measure | Edina | Knox County |
|---|---|---|
| Median home value | $79,900 | $97,200 |
| Median property tax | $600 | $780 |
| Effective tax rate | 0.751% | 0.802% |
| Median gross rent | $651 | $661 |
| Population | 1,420 | 3,760 |
The weather behind that power bill
Edina sits in Knox County, which averages a high of 85.8°F in its hottest month and a low of 17.2°F in its coldest, with 39.27" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 1,009 cooling and 5,746 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Knox County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Knox County
No other places of this size are published in Knox County.
Common questions
How much does it cost to own a home in Edina?
A $80,000 home in Edina, Missouri costs approximately $761 per month with 20% down at 6.66%. That is $411 principal and interest, $50 property tax, $42 homeowners insurance, $191 utilities and $67 set aside for maintenance.
What is the property tax rate in Edina?
Edina has an effective property tax rate of 0.751%, based on a median home value of $79,900 and median real estate taxes of $600. That is lower than the Knox County average of 0.802%.
What is the average home price in Edina?
The median owner-occupied home value in Edina, Missouri is $79,900, against $97,200 across Knox County.
Is it cheaper to rent or buy in Edina?
Median gross rent in Edina is $651 a month, against $761 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 Edina — 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.