The typical owner-occupied home in Bloomfield is worth about $67,100, 71% below the Missouri median of $230,300 and 80% below the national median of $332,700. Owners pay a median $580 a year in property taxes, about 0.86% of their home's value, close to the Missouri rate of 0.85%. The median household earns $41,838 a year, so the median home costs 1.6 times the median income (3.3 times for Missouri). 71% of occupied homes here are lived in by their owners, and 40% of those owners still have a mortgage.
Bloomfield at a glance
| Bloomfield | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $67,100 | $230,300 | $332,700 |
| Median property tax paid per year | $580 | $1,948 | $3,119 |
| Property tax as a share of value | 0.86% | 0.85% | 0.94% |
| Median household income | $41,838 | $70,702 | $80,734 |
| Homes lived in by their owners | 71% | 68% | 65% |
| Owner homes with a mortgage | 40% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $863 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 19.8% | 19.0% | 21.0% |
| Median rent | $783 | $1,033 | $1,413 |
| Rent as a share of renters' income | 34.4% | 28.1% | 30.6% |
| Median year homes were built | 1962 | 1978 | 1980 |
| Vacant homes | 21.8% | 11.2% | 10.1% |
| Population | 2,069 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Bloomfield
At this week's average 30-year rate of 7.11%, buying the median Bloomfield home of $67,100 with 20% down costs about $437 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $549, 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 $18,735 for the 20%-down payment. That payment is 13% of the median Bloomfield household income of $41,838; at that income and 20% down, the 28% guideline points to a home of about $150,000.
The median rent here is $783 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $13,420 |
|---|---|
| Loan amount | $53,680 |
| Principal and interest | $361 |
| Property taxes (0.86% a year) | $48 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| PMI | $0 |
| Total per month | $437 |
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| Down payment | $2,348 |
|---|---|
| Loan amount | $65,885 |
| Principal and interest | $443 |
| Property taxes (0.86% a year) | $48 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| FHA mortgage insurance | $30 |
| Total per month | $549 |
Change the numbers in the calculator
Questions about home buying in Bloomfield
What is the median home value in Bloomfield?
About $67,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bloomfield?
Homeowners pay a median $580 a year, which is about 0.86% 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 Bloomfield?
For the median home with 20% down at 7.11%, the payment is about $437 a month. Keeping that under 28% of gross income takes about $18,735 a year.
More about Bloomfield
- Mortgage Refinance in Bloomfield
- Debt Relief in Bloomfield
- Home Equity Loans in Bloomfield
- 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