Total monthly cost of ownership
Cost to Own a Home in Coahoma, Texas
A $260,000 home here costs
$2,361per 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 $101,000 a year.
A standard mortgage calculator would have told you $1,418. The real number is $944 higher every month, 67% more than the payment most buyers budget for.
Compare Howard County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Coahoma from a five-year rolling sample, and with about 1,519 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Howard County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Coahoma against Howard County and Texas
| Measure | Coahoma | Howard County |
|---|---|---|
| Median home value | $260,100 | $150,300 |
| Median property tax | $3,757 | $1,642 |
| Effective tax rate | 1.444% | 1.092% |
| Median gross rent | $1,194 | $993 |
| Population | 1,519 | 33,127 |
The weather behind that power bill
Coahoma sits in Howard County, which averages a high of 95.8°F in its hottest month and a low of 31.4°F in its coldest, with 19.6" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 2,508 cooling and 2,558 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Howard County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Howard County
Talk to someone who works this market
These are Coahoma 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 Coahoma every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Coahoma I already own here and may sell
Common questions
How much does it cost to own a home in Coahoma?
A $260,000 home in Coahoma, Texas costs approximately $2,361 per month with 20% down at 7.24%. That is $1,418 principal and interest, $313 property tax, $172 homeowners insurance, $242 utilities and $217 set aside for maintenance.
What is the property tax rate in Coahoma?
Coahoma has an effective property tax rate of 1.444%, based on a median home value of $260,100 and median real estate taxes of $3,757. That is higher than the Howard County average of 1.092%.
What is the average home price in Coahoma?
The median owner-occupied home value in Coahoma, Texas is $260,100, against $150,300 across Howard County.
Is it cheaper to rent or buy in Coahoma?
Median gross rent in Coahoma is $1,194 a month, against $2,361 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 Coahoma?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Coahoma, Texas at today's rate takes a household income of roughly $101,000 a year. That covers the full $2,361 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Coahoma, 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.