Total monthly cost of ownership
Cost to Own a Home in Goodman, Missouri
A $94,000 home here costs
$859per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $483. The real number is $376 higher every month — 78% 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.
Goodman against McDonald County and Missouri
| Measure | Goodman | McDonald County |
|---|---|---|
| Median home value | $94,400 | $134,100 |
| Median property tax | $692 | $723 |
| Effective tax rate | 0.733% | 0.539% |
| Median gross rent | $695 | $764 |
| Population | 1,081 | 23,492 |
The weather behind that power bill
Goodman sits in McDonald County, which averages a high of 87.9°F in its hottest month and a low of 25.0°F in its coldest, with 44.33" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 1,341 cooling and 4,138 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for McDonald County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in McDonald County
Full McDonald County cost breakdown · Every county in Missouri
Common questions
How much does it cost to own a home in Goodman?
A $94,000 home in Goodman, Missouri costs approximately $859 per month with 20% down at 6.66%. That is $483 principal and interest, $57 property tax, $49 homeowners insurance, $191 utilities and $78 set aside for maintenance.
What is the property tax rate in Goodman?
Goodman has an effective property tax rate of 0.733%, based on a median home value of $94,400 and median real estate taxes of $692. That is higher than the McDonald County average of 0.539%.
What is the average home price in Goodman?
The median owner-occupied home value in Goodman, Missouri is $94,400, against $134,100 across McDonald County.
Is it cheaper to rent or buy in Goodman?
Median gross rent in Goodman is $695 a month, against $859 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 Goodman — 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.