Total monthly cost of ownership
Cost to Own a Home in New Haven, Missouri
A $188,000 home here costs
$1,674per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $71,500 a year.
A standard mortgage calculator would have told you $1,025. The real number is $649 higher every month, 63% more than the payment most buyers budget for.
Compare Franklin County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for New Haven from a five-year rolling sample, and with about 3,389 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Franklin County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
New Haven against Franklin County and Missouri
| Measure | New Haven | Franklin County |
|---|---|---|
| Median home value | $187,600 | $214,900 |
| Median property tax | $1,990 | $1,774 |
| Effective tax rate | 1.061% | 0.826% |
| Median gross rent | $883 | $874 |
| Population | 3,389 | 105,316 |
The weather behind that power bill
New Haven sits in Franklin County, which averages a high of 90.6°F in its hottest month and a low of 22.9°F in its coldest, with 44.96" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,485 cooling and 4,400 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Franklin County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Franklin County
Full Franklin County cost breakdown · Every county in Missouri
Talk to someone who works this market
These are New Haven averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works New Haven every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in New Haven I already own here and may sell
Common questions
How much does it cost to own a home in New Haven?
A $188,000 home in New Haven, Missouri costs approximately $1,674 per month with 20% down at 7.24%. That is $1,025 principal and interest, $166 property tax, $98 homeowners insurance, $228 utilities and $157 set aside for maintenance.
What is the property tax rate in New Haven?
New Haven has an effective property tax rate of 1.061%, based on a median home value of $187,600 and median real estate taxes of $1,990. That is higher than the Franklin County average of 0.826%.
What is the average home price in New Haven?
The median owner-occupied home value in New Haven, Missouri is $187,600, against $214,900 across Franklin County.
Is it cheaper to rent or buy in New Haven?
Median gross rent in New Haven is $883 a month, against $1,674 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in New Haven?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in New Haven, Missouri at today's rate takes a household income of roughly $71,500 a year. That covers the full $1,674 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for New Haven, 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.