Total monthly cost of ownership
Cost to Own a Home in Garden City, Missouri
A $165,000 home here costs
$1,467per 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 $63,000 a year.
A standard mortgage calculator would have told you $900. The real number is $567 higher every month, 63% more than the payment most buyers budget for.
Compare Cass County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Garden City from a five-year rolling sample, and with about 1,539 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Cass County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Garden City against Cass County and Missouri
| Measure | Garden City | Cass County |
|---|---|---|
| Median home value | $165,200 | $269,000 |
| Median property tax | $1,388 | $2,364 |
| Effective tax rate | 0.840% | 0.879% |
| Median gross rent | $863 | $1,147 |
| Population | 1,539 | 109,393 |
The weather behind that power bill
Garden City sits in Cass County, which averages a high of 88.3°F in its hottest month and a low of 22.1°F in its coldest, with 38.34" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 1,446 cooling and 4,786 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Cass County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cass County
Talk to someone who works this market
These are Garden City 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 Garden City every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Garden City I already own here and may sell
Common questions
How much does it cost to own a home in Garden City?
A $165,000 home in Garden City, Missouri costs approximately $1,467 per month with 20% down at 7.24%. That is $900 principal and interest, $116 property tax, $86 homeowners insurance, $228 utilities and $138 set aside for maintenance.
What is the property tax rate in Garden City?
Garden City has an effective property tax rate of 0.840%, based on a median home value of $165,200 and median real estate taxes of $1,388. That is lower than the Cass County average of 0.879%.
What is the average home price in Garden City?
The median owner-occupied home value in Garden City, Missouri is $165,200, against $269,000 across Cass County.
Is it cheaper to rent or buy in Garden City?
Median gross rent in Garden City is $863 a month, against $1,467 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 Garden City?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Garden City, Missouri at today's rate takes a household income of roughly $63,000 a year. That covers the full $1,467 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Garden City, 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.