Total monthly cost of ownership
Cost to Own a Home in Abernathy, Texas
A $145,000 home here costs
$1,359per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $745. The real number is $614 higher every month — 82% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Abernathy against Lubbock County and Texas
| Measure | Abernathy | Lubbock County |
|---|---|---|
| Median home value | $145,100 | $199,600 |
| Median property tax | $2,176 | $3,119 |
| Effective tax rate | 1.500% | 1.563% |
| Median gross rent | $738 | $1,134 |
| Population | 3,108 | 314,633 |
Abernathy extends across 2 counties. Figures here use Lubbock County, where most of its housing sits.
The weather behind that power bill
Abernathy sits in Lubbock County, which averages a high of 93.4°F in its hottest month and a low of 27.2°F in its coldest, with 18.33" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 1,950 cooling and 3,243 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Lubbock County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lubbock County
Common questions
How much does it cost to own a home in Abernathy?
A $145,000 home in Abernathy, Texas costs approximately $1,359 per month with 20% down at 6.66%. That is $745 principal and interest, $181 property tax, $96 homeowners insurance, $216 utilities and $121 set aside for maintenance.
What is the property tax rate in Abernathy?
Abernathy has an effective property tax rate of 1.500%, based on a median home value of $145,100 and median real estate taxes of $2,176. That is lower than the Lubbock County average of 1.563%.
What is the average home price in Abernathy?
The median owner-occupied home value in Abernathy, Texas is $145,100, against $199,600 across Lubbock County.
Is it cheaper to rent or buy in Abernathy?
Median gross rent in Abernathy is $738 a month, against $1,359 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Abernathy — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Texas.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.