The typical owner-occupied home in Coffey is worth about $45,000, 80% below the Missouri median of $230,300 and 86% below the national median of $332,700. Owners pay a median $573 a year in property taxes, about 1.27% of their home's value, higher than the Missouri rate of 0.85%. The median household earns $27,500 a year, so the median home costs 1.6 times the median income (3.3 times for Missouri). 85% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Coffey at a glance
| Coffey | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $45,000 | $230,300 | $332,700 |
| Median property tax paid per year | $573 | $1,948 | $3,119 |
| Property tax as a share of value | 1.27% | 0.85% | 0.94% |
| Median household income | $27,500 | $70,702 | $80,734 |
| Homes lived in by their owners | 85% | 68% | 65% |
| Owner homes with a mortgage | 46% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,025 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 36.0% | 19.0% | 21.0% |
| Median rent | – | $1,033 | $1,413 |
| Median year homes were built | 1992 | 1978 | 1980 |
| Vacant homes | 16.4% | 11.2% | 10.1% |
| Population | 78 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Coffey
At this week's average 30-year rate of 7.11%, buying the median Coffey home of $45,000 with 20% down costs about $309 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $384, 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 $13,224 for the 20%-down payment. That payment is 13% of the median Coffey household income of $27,500; at that income and 20% down, the 28% guideline points to a home of about $94,000.
| Down payment | $9,000 |
|---|---|
| Loan amount | $36,000 |
| Principal and interest | $242 |
| Property taxes (1.27% a year) | $48 |
| Homeowners insurance (our estimate, 0.5% a year) | $19 |
| PMI | $0 |
| Total per month | $309 |
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| Down payment | $1,575 |
|---|---|
| Loan amount | $44,185 |
| Principal and interest | $297 |
| Property taxes (1.27% a year) | $48 |
| Homeowners insurance (our estimate, 0.5% a year) | $19 |
| FHA mortgage insurance | $20 |
| Total per month | $384 |
Change the numbers in the calculator
Questions about home buying in Coffey
What is the median home value in Coffey?
About $45,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Coffey?
Homeowners pay a median $573 a year, which is about 1.27% 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 Coffey?
For the median home with 20% down at 7.11%, the payment is about $309 a month. Keeping that under 28% of gross income takes about $13,224 a year.
More about Coffey
- Mortgage Refinance in Coffey
- Debt Relief in Coffey
- Home Equity Loans in Coffey
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
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