Total monthly cost of ownership
Cost to Own a Home in Gladstone, Missouri
A $218,000 home here costs
$1,812per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,121. The real number is $691 higher every month — 62% 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.
Gladstone against Clay County and Missouri
| Measure | Gladstone | Clay County |
|---|---|---|
| Median home value | $217,900 | $256,400 |
| Median property tax | $2,455 | $2,817 |
| Effective tax rate | 1.127% | 1.099% |
| Median gross rent | $1,095 | $1,220 |
| Population | 27,069 | 255,566 |
The weather behind that power bill
Gladstone sits in Clay County, which averages a high of 88.0°F in its hottest month and a low of 17.2°F in its coldest, with 41.21" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 1,266 cooling and 5,342 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Clay County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clay County
Common questions
How much does it cost to own a home in Gladstone?
A $218,000 home in Gladstone, Missouri costs approximately $1,812 per month with 20% down at 6.66%. That is $1,121 principal and interest, $205 property tax, $114 homeowners insurance, $191 utilities and $182 set aside for maintenance.
What is the property tax rate in Gladstone?
Gladstone has an effective property tax rate of 1.127%, based on a median home value of $217,900 and median real estate taxes of $2,455. That is higher than the Clay County average of 1.099%.
What is the average home price in Gladstone?
The median owner-occupied home value in Gladstone, Missouri is $217,900, against $256,400 across Clay County.
Is it cheaper to rent or buy in Gladstone?
Median gross rent in Gladstone is $1,095 a month, against $1,812 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 Gladstone — 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.