Total monthly cost of ownership
Cost to Own a Home in Alvord, Texas
A $201,000 home here costs
$1,755per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,033. The real number is $722 higher every month — 70% 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.
Alvord against Wise County and Texas
| Measure | Alvord | Wise County |
|---|---|---|
| Median home value | $201,400 | $277,200 |
| Median property tax | $2,470 | $3,293 |
| Effective tax rate | 1.226% | 1.188% |
| Median gross rent | $1,050 | $1,239 |
| Population | 1,318 | 72,359 |
The weather behind that power bill
Alvord sits in Wise County, which averages a high of 95.4°F in its hottest month and a low of 33.2°F in its coldest, with 38.89" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 2,551 cooling and 2,534 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Wise County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wise County
Common questions
How much does it cost to own a home in Alvord?
A $201,000 home in Alvord, Texas costs approximately $1,755 per month with 20% down at 6.66%. That is $1,033 principal and interest, $205 property tax, $133 homeowners insurance, $216 utilities and $168 set aside for maintenance.
What is the property tax rate in Alvord?
Alvord has an effective property tax rate of 1.226%, based on a median home value of $201,400 and median real estate taxes of $2,470. That is higher than the Wise County average of 1.188%.
What is the average home price in Alvord?
The median owner-occupied home value in Alvord, Texas is $201,400, against $277,200 across Wise County.
Is it cheaper to rent or buy in Alvord?
Median gross rent in Alvord is $1,050 a month, against $1,755 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 Alvord — 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.