Total monthly cost of ownership
Cost to Own a Home in Alice, Texas
A $108,000 home here costs
$1,116per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $48,000 a year.
A standard mortgage calculator would have told you $589. The real number is $527 higher every month, 90% more than the payment most buyers budget for.
Compare Jim Wells County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Alice against Jim Wells County and Texas
| Measure | Alice | Jim Wells County |
|---|---|---|
| Median home value | $107,700 | $104,800 |
| Median property tax | $1,480 | $1,311 |
| Effective tax rate | 1.374% | 1.251% |
| Median gross rent | $874 | $885 |
| Population | 17,797 | 38,863 |
The weather behind that power bill
Alice sits in Jim Wells County, which averages a high of 97.4°F in its hottest month and a low of 47.0°F in its coldest, with 27.06" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 4,071 cooling and 769 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Jim Wells County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jim Wells County
Full Jim Wells County cost breakdown · Every county in Texas
Talk to someone who works this market
These are Alice averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Alice every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Alice?
A $108,000 home in Alice, Texas costs approximately $1,116 per month with 20% down at 7.24%. That is $589 principal and interest, $124 property tax, $71 homeowners insurance, $242 utilities and $90 set aside for maintenance.
What is the property tax rate in Alice?
Alice has an effective property tax rate of 1.374%, based on a median home value of $107,700 and median real estate taxes of $1,480. That is higher than the Jim Wells County average of 1.251%.
What is the average home price in Alice?
The median owner-occupied home value in Alice, Texas is $107,700, against $104,800 across Jim Wells County.
Is it cheaper to rent or buy in Alice?
Median gross rent in Alice is $874 a month, against $1,116 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Alice?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Alice, Texas at today's rate takes a household income of roughly $48,000 a year. That covers the full $1,116 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Alice, 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.