Total monthly cost of ownership
Cost to Own a Home in Coleman, Texas
A $75,000 home here costs
$799per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $386. The real number is $413 higher every month — 107% 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.
Coleman against Coleman County and Texas
| Measure | Coleman | Coleman County |
|---|---|---|
| Median home value | $75,000 | $91,200 |
| Median property tax | $1,024 | $1,248 |
| Effective tax rate | 1.365% | 1.368% |
| Median gross rent | $732 | $714 |
| Population | 3,942 | 7,765 |
The weather behind that power bill
Coleman sits in Coleman County, which averages a high of 96.7°F in its hottest month and a low of 34.7°F in its coldest, with 27.88" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 2,670 cooling and 2,162 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Coleman County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Coleman County
Common questions
How much does it cost to own a home in Coleman?
A $75,000 home in Coleman, Texas costs approximately $799 per month with 20% down at 6.66%. That is $386 principal and interest, $85 property tax, $50 homeowners insurance, $216 utilities and $63 set aside for maintenance.
What is the property tax rate in Coleman?
Coleman has an effective property tax rate of 1.365%, based on a median home value of $75,000 and median real estate taxes of $1,024. That is in line with the Coleman County average of 1.368%.
What is the average home price in Coleman?
The median owner-occupied home value in Coleman, Texas is $75,000, against $91,200 across Coleman County.
Is it cheaper to rent or buy in Coleman?
Median gross rent in Coleman is $732 a month, against $799 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 Coleman — 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.