Total monthly cost of ownership
Cost to Own a Home in Raytown, Missouri
A $162,000 home here costs
$1,523per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $65,500 a year.
A standard mortgage calculator would have told you $897. The real number is $626 higher every month, 70% more than the payment most buyers budget for.
Compare Jackson County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Raytown against Jackson County and Missouri
| Measure | Raytown | Jackson County |
|---|---|---|
| Median home value | $162,000 | $213,300 |
| Median property tax | $2,125 | $2,448 |
| Effective tax rate | 1.312% | 1.148% |
| Median gross rent | $1,213 | $1,151 |
| Population | 29,593 | 717,021 |
The weather behind that power bill
Raytown sits in Jackson County, which averages a high of 88.3°F in its hottest month and a low of 22.1°F in its coldest, with 38.34" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 1,446 cooling and 4,786 heating degree days, which is what sets the $161 electricity line above.
See the full climate breakdown for Jackson County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jackson County
Full Jackson County cost breakdown · Every county in Missouri
Talk to someone who works this market
These are Raytown 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 Raytown every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Raytown I already own here and may sell
Common questions
How much does it cost to own a home in Raytown?
A $162,000 home in Raytown, Missouri costs approximately $1,523 per month with 20% down at 7.4%. That is $897 principal and interest, $177 property tax, $84 homeowners insurance, $229 utilities and $135 set aside for maintenance.
What is the property tax rate in Raytown?
Raytown has an effective property tax rate of 1.312%, based on a median home value of $162,000 and median real estate taxes of $2,125. That is higher than the Jackson County average of 1.148%.
What is the average home price in Raytown?
The median owner-occupied home value in Raytown, Missouri is $162,000, against $213,300 across Jackson County.
Is it cheaper to rent or buy in Raytown?
Median gross rent in Raytown is $1,213 a month, against $1,523 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 Raytown?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Raytown, Missouri at today's rate takes a household income of roughly $65,500 a year. That covers the full $1,523 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Raytown, 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.