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Buying a home in South Greenfield, Missouri

The typical owner-occupied home in South Greenfield is worth about $87,700, 62% below the Missouri median of $230,300 and 74% below the national median of $332,700. Owners pay a median $392 a year in property taxes, about 0.45% of their home's value, lower than the Missouri rate of 0.85%. The median household earns $26,250 a year, so the median home costs 3.3 times the median income (3.3 times for Missouri). 78% of occupied homes here are lived in by their owners, and 70% of those owners still have a mortgage.

South Greenfield at a glance

South Greenfield Missouri U.S.
Median home value $87,700 $230,300 $332,700
Median property tax paid per year $392 $1,948 $3,119
Property tax as a share of value 0.45% 0.85% 0.94%
Median household income $26,250 $70,702 $80,734
Homes lived in by their owners 78% 68% 65%
Owner homes with a mortgage 70% 60% 61%
Median monthly costs, owners with a mortgage $1,071 $1,524 $1,963
Those costs as a share of the owners' income 37.8% 19.0% 21.0%
Median rent – $1,033 $1,413
Median year homes were built 1955 1978 1980
Vacant homes 6.8% 11.2% 10.1%
Population 138 6,191,814 334,922,499

What a typical home costs per month in South Greenfield

At this week's average 30-year rate of 7.11%, buying the median South Greenfield home of $87,700 with 20% down costs about $541 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $688, because the loan is bigger and FHA adds mortgage insurance.

Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $23,203 for the 20%-down payment. That payment is 25% of the median South Greenfield household income of $26,250; at that income and 20% down, the 28% guideline points to a home of about $99,000.

20% down, 30-year conventional loan
Down payment$17,540
Loan amount$70,160
Principal and interest$472
Property taxes (0.45% a year)$33
Homeowners insurance (our estimate, 0.5% a year)$37
PMI$0
Total per month$541

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3.5% down, 30-year FHA loan
Down payment$3,070
Loan amount$86,112
Principal and interest$579
Property taxes (0.45% a year)$33
Homeowners insurance (our estimate, 0.5% a year)$37
FHA mortgage insurance$39
Total per month$688

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Questions about home buying in South Greenfield

What is the median home value in South Greenfield?

About $87,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.

How much are property taxes in South Greenfield?

Homeowners pay a median $392 a year, which is about 0.45% of the median home value. Your bill depends on your home's assessed value and local rates.

What income do you need to buy a home in South Greenfield?

For the median home with 20% down at 7.11%, the payment is about $541 a month. Keeping that under 28% of gross income takes about $23,203 a year.

More about South Greenfield

Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data