Total monthly cost of ownership
Cost to Own a Home in Coleman, Texas
A $75,000 home here costs
$849per 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 $36,500 a year.
A standard mortgage calculator would have told you $409. The real number is $440 higher every month, 108% more than the payment most buyers budget for.
Compare Coleman County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Coleman from a five-year rolling sample, and with about 3,942 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 Coleman 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.
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 $174 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
Talk to someone who works this market
These are Coleman 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 Coleman every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Coleman I already own here and may sell
Common questions
How much does it cost to own a home in Coleman?
A $75,000 home in Coleman, Texas costs approximately $849 per month with 20% down at 7.24%. That is $409 principal and interest, $85 property tax, $50 homeowners insurance, $242 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 $849 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 Coleman?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Coleman, Texas at today's rate takes a household income of roughly $36,500 a year. That covers the full $849 monthly cost, not just the mortgage payment.
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.