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Buying a home in Blue Eye, Missouri

The typical owner-occupied home in Blue Eye is worth about $147,900, 36% below the Missouri median of $230,300 and 56% below the national median of $332,700. Owners pay a median $962 a year in property taxes, about 0.65% of their home's value, lower than the Missouri rate of 0.85%. The median household earns $32,917 a year, so the median home costs 4.5 times the median income (3.3 times for Missouri). 67% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.

Blue Eye at a glance

Blue Eye Missouri U.S.
Median home value $147,900 $230,300 $332,700
Median property tax paid per year $962 $1,948 $3,119
Property tax as a share of value 0.65% 0.85% 0.94%
Median household income $32,917 $70,702 $80,734
Homes lived in by their owners 67% 68% 65%
Owner homes with a mortgage 61% 60% 61%
Median monthly costs, owners with a mortgage $957 $1,524 $1,963
Those costs as a share of the owners' income 26.3% 19.0% 21.0%
Median rent $844 $1,033 $1,413
Rent as a share of renters' income 33.0% 28.1% 30.6%
Median year homes were built 2006 1978 1980
Vacant homes 28.5% 11.2% 10.1%
Population 446 6,191,814 334,922,499

What a typical home costs per month in Blue Eye

At this week's average 30-year rate of 7.11%, buying the median Blue Eye home of $147,900 with 20% down costs about $938 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,184, 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 $40,187 for the 20%-down payment. That payment is 34% of the median Blue Eye household income of $32,917; at that income and 20% down, the 28% guideline points to a home of about $121,000.

The median rent here is $844 a month, so owning the median home costs about $94 a month more than renting, before you count the equity you build and any tax benefits.

20% down, 30-year conventional loan
Down payment$29,580
Loan amount$118,320
Principal and interest$796
Property taxes (0.65% a year)$80
Homeowners insurance (our estimate, 0.5% a year)$62
PMI$0
Total per month$938

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3.5% down, 30-year FHA loan
Down payment$5,176
Loan amount$145,221
Principal and interest$977
Property taxes (0.65% a year)$80
Homeowners insurance (our estimate, 0.5% a year)$62
FHA mortgage insurance$65
Total per month$1,184

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Questions about home buying in Blue Eye

What is the median home value in Blue Eye?

About $147,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.

How much are property taxes in Blue Eye?

Homeowners pay a median $962 a year, which is about 0.65% 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 Blue Eye?

For the median home with 20% down at 7.11%, the payment is about $938 a month. Keeping that under 28% of gross income takes about $40,187 a year.

More about Blue Eye

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