Total monthly cost of ownership
Cost to Own a Home in Piedmont, Missouri
A $102,000 home here costs
$969per 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 $41,500 a year.
A standard mortgage calculator would have told you $556. The real number is $413 higher every month, 74% more than the payment most buyers budget for.
Compare Wayne County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Piedmont from a five-year rolling sample, and with about 2,857 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 Wayne 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.
Piedmont against Wayne County and Missouri
| Measure | Piedmont | Wayne County |
|---|---|---|
| Median home value | $102,400 | $113,100 |
| Median property tax | $564 | $565 |
| Effective tax rate | 0.551% | 0.500% |
| Median gross rent | $639 | $632 |
| Population | 2,857 | 10,942 |
The weather behind that power bill
Piedmont sits in Wayne County, which averages a high of 89.2°F in its hottest month and a low of 27.7°F in its coldest, with 50.76" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,628 cooling and 3,935 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Wayne County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wayne County
No other places of this size are published in Wayne County.
Talk to someone who works this market
These are Piedmont 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 Piedmont every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Piedmont I already own here and may sell
Common questions
How much does it cost to own a home in Piedmont?
A $102,000 home in Piedmont, Missouri costs approximately $969 per month with 20% down at 7.24%. That is $556 principal and interest, $47 property tax, $53 homeowners insurance, $228 utilities and $85 set aside for maintenance.
What is the property tax rate in Piedmont?
Piedmont has an effective property tax rate of 0.551%, based on a median home value of $102,400 and median real estate taxes of $564. That is higher than the Wayne County average of 0.500%.
What is the average home price in Piedmont?
The median owner-occupied home value in Piedmont, Missouri is $102,400, against $113,100 across Wayne County.
Is it cheaper to rent or buy in Piedmont?
Median gross rent in Piedmont is $639 a month, against $969 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 Piedmont?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Piedmont, Missouri at today's rate takes a household income of roughly $41,500 a year. That covers the full $969 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Piedmont, 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.