Total monthly cost of ownership
Cost to Own a Home in Kearney, Missouri
A $275,000 home here costs
$2,215per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,414. The real number is $801 higher every month — 57% 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.
Kearney against Clay County and Missouri
| Measure | Kearney | Clay County |
|---|---|---|
| Median home value | $275,200 | $256,400 |
| Median property tax | $2,850 | $2,817 |
| Effective tax rate | 1.036% | 1.099% |
| Median gross rent | $1,000 | $1,220 |
| Population | 10,696 | 255,566 |
The weather behind that power bill
Kearney 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 Kearney?
A $275,000 home in Kearney, Missouri costs approximately $2,215 per month with 20% down at 6.66%. That is $1,414 principal and interest, $237 property tax, $143 homeowners insurance, $191 utilities and $229 set aside for maintenance.
What is the property tax rate in Kearney?
Kearney has an effective property tax rate of 1.036%, based on a median home value of $275,200 and median real estate taxes of $2,850. That is lower than the Clay County average of 1.099%.
What is the average home price in Kearney?
The median owner-occupied home value in Kearney, Missouri is $275,200, against $256,400 across Clay County.
Is it cheaper to rent or buy in Kearney?
Median gross rent in Kearney is $1,000 a month, against $2,215 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 Kearney — 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.