Total monthly cost of ownership
Cost to Own a Home in Liberty, Missouri
A $268,000 home here costs
$2,188per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,378. The real number is $810 higher every month — 59% 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.
Liberty against Clay County and Missouri
| Measure | Liberty | Clay County |
|---|---|---|
| Median home value | $267,900 | $256,400 |
| Median property tax | $3,069 | $2,817 |
| Effective tax rate | 1.146% | 1.099% |
| Median gross rent | $1,164 | $1,220 |
| Population | 30,446 | 255,566 |
The weather behind that power bill
Liberty 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 Liberty?
A $268,000 home in Liberty, Missouri costs approximately $2,188 per month with 20% down at 6.66%. That is $1,378 principal and interest, $256 property tax, $140 homeowners insurance, $191 utilities and $223 set aside for maintenance.
What is the property tax rate in Liberty?
Liberty has an effective property tax rate of 1.146%, based on a median home value of $267,900 and median real estate taxes of $3,069. That is higher than the Clay County average of 1.099%.
What is the average home price in Liberty?
The median owner-occupied home value in Liberty, Missouri is $267,900, against $256,400 across Clay County.
Is it cheaper to rent or buy in Liberty?
Median gross rent in Liberty is $1,164 a month, against $2,188 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 Liberty — 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.