The typical owner-occupied home in Newburg is worth about $57,500, 75% below the Missouri median of $230,300 and 83% below the national median of $332,700. Owners pay a median $419 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 $24,911 a year, so the median home costs 2.3 times the median income (3.3 times for Missouri). 55% of occupied homes here are lived in by their owners, and 32% of those owners still have a mortgage.
Newburg at a glance
| Newburg | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $57,500 | $230,300 | $332,700 |
| Median property tax paid per year | $419 | $1,948 | $3,119 |
| Property tax as a share of value | 0.73% | 0.85% | 0.94% |
| Median household income | $24,911 | $70,702 | $80,734 |
| Homes lived in by their owners | 55% | 68% | 65% |
| Owner homes with a mortgage | 32% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,325 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 19.7% | 19.0% | 21.0% |
| Median rent | $775 | $1,033 | $1,413 |
| Rent as a share of renters' income | 36.7% | 28.1% | 30.6% |
| Median year homes were built | 1938 | 1978 | 1980 |
| Vacant homes | 46.7% | 11.2% | 10.1% |
| Population | 331 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Newburg
At this week's average 30-year rate of 7.11%, buying the median Newburg home of $57,500 with 20% down costs about $368 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $464, 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 $15,788 for the 20%-down payment. That payment is 18% of the median Newburg household income of $24,911; at that income and 20% down, the 28% guideline points to a home of about $91,000.
The median rent here is $775 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $11,500 |
|---|---|
| Loan amount | $46,000 |
| Principal and interest | $309 |
| Property taxes (0.73% a year) | $35 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| PMI | $0 |
| Total per month | $368 |
Change the numbers in the calculator
| Down payment | $2,012 |
|---|---|
| Loan amount | $56,459 |
| Principal and interest | $380 |
| Property taxes (0.73% a year) | $35 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| FHA mortgage insurance | $25 |
| Total per month | $464 |
Change the numbers in the calculator
Questions about home buying in Newburg
What is the median home value in Newburg?
About $57,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Newburg?
Homeowners pay a median $419 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 Newburg?
For the median home with 20% down at 7.11%, the payment is about $368 a month. Keeping that under 28% of gross income takes about $15,788 a year.
More about Newburg
- Mortgage Refinance in Newburg
- Debt Relief in Newburg
- Home Equity Loans in Newburg
- 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