The typical owner-occupied home in Bertrand is worth about $86,300, 63% below the Missouri median of $230,300 and 74% below the national median of $332,700. Owners pay a median $769 a year in property taxes, about 0.89% of their home's value, higher than the Missouri rate of 0.85%. The median household earns $54,688 a year, so the median home costs 1.6 times the median income (3.3 times for Missouri). 79% of occupied homes here are lived in by their owners, and 40% of those owners still have a mortgage.
Bertrand at a glance
| Bertrand | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $86,300 | $230,300 | $332,700 |
| Median property tax paid per year | $769 | $1,948 | $3,119 |
| Property tax as a share of value | 0.89% | 0.85% | 0.94% |
| Median household income | $54,688 | $70,702 | $80,734 |
| Homes lived in by their owners | 79% | 68% | 65% |
| Owner homes with a mortgage | 40% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,006 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 15.2% | 19.0% | 21.0% |
| Median rent | $650 | $1,033 | $1,413 |
| Rent as a share of renters' income | 18.5% | 28.1% | 30.6% |
| Median year homes were built | 1977 | 1978 | 1980 |
| Vacant homes | 9.8% | 11.2% | 10.1% |
| Population | 732 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Bertrand
At this week's average 30-year rate of 7.11%, buying the median Bertrand home of $86,300 with 20% down costs about $564 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $708, 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 $24,189 for the 20%-down payment. That payment is 12% of the median Bertrand household income of $54,688; at that income and 20% down, the 28% guideline points to a home of about $195,000.
The median rent here is $650 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,260 |
|---|---|
| Loan amount | $69,040 |
| Principal and interest | $464 |
| Property taxes (0.89% a year) | $64 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $564 |
Change the numbers in the calculator
| Down payment | $3,020 |
|---|---|
| Loan amount | $84,737 |
| Principal and interest | $570 |
| Property taxes (0.89% a year) | $64 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $38 |
| Total per month | $708 |
Change the numbers in the calculator
Questions about home buying in Bertrand
What is the median home value in Bertrand?
About $86,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bertrand?
Homeowners pay a median $769 a year, which is about 0.89% 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 Bertrand?
For the median home with 20% down at 7.11%, the payment is about $564 a month. Keeping that under 28% of gross income takes about $24,189 a year.
More about Bertrand
- Mortgage Refinance in Bertrand
- Debt Relief in Bertrand
- Home Equity Loans in Bertrand
- 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