The typical owner-occupied home in New Hampton is worth about $63,600, 72% below the Missouri median of $230,300 and 81% below the national median of $332,700. Owners pay a median $467 a year in property taxes, about 0.73% of their home's value, lower than the Missouri rate of 0.85%. The median household earns $24,615 a year, so the median home costs 2.6 times the median income (3.3 times for Missouri). 59% of occupied homes here are lived in by their owners, and 18% of those owners still have a mortgage.
New Hampton at a glance
| New Hampton | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $63,600 | $230,300 | $332,700 |
| Median property tax paid per year | $467 | $1,948 | $3,119 |
| Property tax as a share of value | 0.73% | 0.85% | 0.94% |
| Median household income | $24,615 | $70,702 | $80,734 |
| Homes lived in by their owners | 59% | 68% | 65% |
| Owner homes with a mortgage | 18% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $760 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 42.0% | 19.0% | 21.0% |
| Median rent | $865 | $1,033 | $1,413 |
| Rent as a share of renters' income | 51.0% | 28.1% | 30.6% |
| Median year homes were built | 1951 | 1978 | 1980 |
| Vacant homes | 26.6% | 11.2% | 10.1% |
| Population | 213 | 6,191,814 | 334,922,499 |
What a typical home costs per month in New Hampton
At this week's average 30-year rate of 7.11%, buying the median New Hampton home of $63,600 with 20% down costs about $407 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $513, 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 $17,463 for the 20%-down payment. That payment is 20% of the median New Hampton household income of $24,615; at that income and 20% down, the 28% guideline points to a home of about $90,000.
The median rent here is $865 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $12,720 |
|---|---|
| Loan amount | $50,880 |
| Principal and interest | $342 |
| Property taxes (0.73% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| PMI | $0 |
| Total per month | $407 |
Change the numbers in the calculator
| Down payment | $2,226 |
|---|---|
| Loan amount | $62,448 |
| Principal and interest | $420 |
| Property taxes (0.73% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| FHA mortgage insurance | $28 |
| Total per month | $513 |
Change the numbers in the calculator
Questions about home buying in New Hampton
What is the median home value in New Hampton?
About $63,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in New Hampton?
Homeowners pay a median $467 a year, which is about 0.73% 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 New Hampton?
For the median home with 20% down at 7.11%, the payment is about $407 a month. Keeping that under 28% of gross income takes about $17,463 a year.
More about New Hampton
- Mortgage Refinance in New Hampton
- Debt Relief in New Hampton
- Home Equity Loans in New Hampton
- 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