Total monthly cost of ownership
Cost to Own a Home in Balch Springs, Texas
A $208,000 home here costs
$1,942per 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 $83,000 a year.
A standard mortgage calculator would have told you $1,134. The real number is $808 higher every month, 71% more than the payment most buyers budget for.
Compare Dallas 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.
Balch Springs against Dallas County and Texas
| Measure | Balch Springs | Dallas County |
|---|---|---|
| Median home value | $208,200 | $277,900 |
| Median property tax | $3,062 | $4,668 |
| Effective tax rate | 1.471% | 1.680% |
| Median gross rent | $1,260 | $1,469 |
| Population | 27,181 | 2,603,816 |
The weather behind that power bill
Balch Springs sits in Dallas County, which averages a high of 97.1°F in its hottest month and a low of 37.9°F in its coldest, with 38.32" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 3,125 cooling and 1,992 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Dallas County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Dallas County
Talk to someone who works this market
These are Balch Springs 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 Balch Springs every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Balch Springs I already own here and may sell
Common questions
How much does it cost to own a home in Balch Springs?
A $208,000 home in Balch Springs, Texas costs approximately $1,942 per month with 20% down at 7.24%. That is $1,134 principal and interest, $255 property tax, $138 homeowners insurance, $242 utilities and $173 set aside for maintenance.
What is the property tax rate in Balch Springs?
Balch Springs has an effective property tax rate of 1.471%, based on a median home value of $208,200 and median real estate taxes of $3,062. That is lower than the Dallas County average of 1.680%.
What is the average home price in Balch Springs?
The median owner-occupied home value in Balch Springs, Texas is $208,200, against $277,900 across Dallas County.
Is it cheaper to rent or buy in Balch Springs?
Median gross rent in Balch Springs is $1,260 a month, against $1,942 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 Balch Springs?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Balch Springs, Texas at today's rate takes a household income of roughly $83,000 a year. That covers the full $1,942 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Balch Springs, 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.