Total monthly cost of ownership
Cost to Own a Home in Cleveland, Texas
A $153,000 home here costs
$1,447per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $787. The real number is $660 higher every month — 84% 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.
Cleveland against Montgomery County and Texas
| Measure | Cleveland | Montgomery County |
|---|---|---|
| Median home value | $153,200 | $317,500 |
| Median property tax | $2,594 | $5,237 |
| Effective tax rate | 1.693% | 1.649% |
| Median gross rent | $928 | $1,471 |
| Population | 8,137 | 654,722 |
Cleveland extends across 3 counties. Figures here use Montgomery County, where most of its housing sits.
The weather behind that power bill
Cleveland sits in Montgomery County, which averages a high of 95.8°F in its hottest month and a low of 41.9°F in its coldest, with 51.02" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 3,172 cooling and 1,440 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Montgomery County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Montgomery County
Full Montgomery County cost breakdown · Every county in Texas
Common questions
How much does it cost to own a home in Cleveland?
A $153,000 home in Cleveland, Texas costs approximately $1,447 per month with 20% down at 6.66%. That is $787 principal and interest, $216 property tax, $101 homeowners insurance, $216 utilities and $128 set aside for maintenance.
What is the property tax rate in Cleveland?
Cleveland has an effective property tax rate of 1.693%, based on a median home value of $153,200 and median real estate taxes of $2,594. That is higher than the Montgomery County average of 1.649%.
What is the average home price in Cleveland?
The median owner-occupied home value in Cleveland, Texas is $153,200, against $317,500 across Montgomery County.
Is it cheaper to rent or buy in Cleveland?
Median gross rent in Cleveland is $928 a month, against $1,447 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 Cleveland — 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.