The typical owner-occupied home in Grain Valley is worth about $283,800, 23% above the Missouri median of $230,300 and 15% below the national median of $332,700. Owners pay a median $3,182 a year in property taxes, about 1.12% of their home's value, higher than the Missouri rate of 0.85%. The median household earns $89,649 a year, so the median home costs 3.2 times the median income (3.3 times for Missouri). 65% of occupied homes here are lived in by their owners, and 77% of those owners still have a mortgage.
Grain Valley at a glance
| Grain Valley | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $283,800 | $230,300 | $332,700 |
| Median property tax paid per year | $3,182 | $1,948 | $3,119 |
| Property tax as a share of value | 1.12% | 0.85% | 0.94% |
| Median household income | $89,649 | $70,702 | $80,734 |
| Homes lived in by their owners | 65% | 68% | 65% |
| Owner homes with a mortgage | 77% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,726 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 20.1% | 19.0% | 21.0% |
| Median rent | $1,398 | $1,033 | $1,413 |
| Rent as a share of renters' income | 26.1% | 28.1% | 30.6% |
| Median year homes were built | 2002 | 1978 | 1980 |
| Vacant homes | 4.4% | 11.2% | 10.1% |
| Population | 16,271 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Grain Valley
At this week's average 30-year rate of 7.11%, buying the median Grain Valley home of $283,800 with 20% down costs about $1,910 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,383, 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 $81,876 for the 20%-down payment. That payment is 26% of the median Grain Valley household income of $89,649; at that income and 20% down, the 28% guideline points to a home of about $311,000.
The median rent here is $1,398 a month, so owning the median home costs about $512 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $56,760 |
|---|---|
| Loan amount | $227,040 |
| Principal and interest | $1,527 |
| Property taxes (1.12% a year) | $265 |
| Homeowners insurance (our estimate, 0.5% a year) | $118 |
| PMI | $0 |
| Total per month | $1,910 |
Change the numbers in the calculator
| Down payment | $9,933 |
|---|---|
| Loan amount | $278,660 |
| Principal and interest | $1,875 |
| Property taxes (1.12% a year) | $265 |
| Homeowners insurance (our estimate, 0.5% a year) | $118 |
| FHA mortgage insurance | $126 |
| Total per month | $2,383 |
Change the numbers in the calculator
Questions about home buying in Grain Valley
What is the median home value in Grain Valley?
About $283,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Grain Valley?
Homeowners pay a median $3,182 a year, which is about 1.12% 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 Grain Valley?
For the median home with 20% down at 7.11%, the payment is about $1,910 a month. Keeping that under 28% of gross income takes about $81,876 a year.
More about Grain Valley
- Mortgage Refinance in Grain Valley
- Debt Relief in Grain Valley
- Home Equity Loans in Grain Valley
- 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