Total monthly cost of ownership
Cost to Own a Home in Loma Linda, Missouri
A $257,000 home here costs
$2,044per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,321. The real number is $723 higher every month — 55% 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.
Loma Linda against Newton County and Missouri
| Measure | Loma Linda | Newton County |
|---|---|---|
| Median home value | $257,100 | $175,300 |
| Median property tax | $2,205 | $1,192 |
| Effective tax rate | 0.858% | 0.680% |
| Median gross rent | $793 | $777 |
| Population | 1,070 | 59,490 |
The weather behind that power bill
Loma Linda sits in Newton County, which averages a high of 89.8°F in its hottest month and a low of 25.3°F in its coldest, with 49.96" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 1,679 cooling and 3,976 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Newton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Newton County
Full Newton County cost breakdown · Every county in Missouri
Common questions
How much does it cost to own a home in Loma Linda?
A $257,000 home in Loma Linda, Missouri costs approximately $2,044 per month with 20% down at 6.66%. That is $1,321 principal and interest, $184 property tax, $134 homeowners insurance, $191 utilities and $214 set aside for maintenance.
What is the property tax rate in Loma Linda?
Loma Linda has an effective property tax rate of 0.858%, based on a median home value of $257,100 and median real estate taxes of $2,205. That is higher than the Newton County average of 0.680%.
What is the average home price in Loma Linda?
The median owner-occupied home value in Loma Linda, Missouri is $257,100, against $175,300 across Newton County.
Is it cheaper to rent or buy in Loma Linda?
Median gross rent in Loma Linda is $793 a month, against $2,044 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 Loma Linda — 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.