Total monthly cost of ownership
Cost to Own a Home in Commerce, Texas
A $125,000 home here costs
$1,239per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $643. The real number is $597 higher every month — 93% 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.
Commerce against Hunt County and Texas
| Measure | Commerce | Hunt County |
|---|---|---|
| Median home value | $124,800 | $210,900 |
| Median property tax | $2,323 | $2,736 |
| Effective tax rate | 1.861% | 1.297% |
| Median gross rent | $902 | $1,184 |
| Population | 9,211 | 104,917 |
The weather behind that power bill
Commerce sits in Hunt County, which averages a high of 98.3°F in its hottest month and a low of 33.3°F in its coldest, with 47.01" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,755 cooling and 2,365 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Hunt County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hunt County
Common questions
How much does it cost to own a home in Commerce?
A $125,000 home in Commerce, Texas costs approximately $1,239 per month with 20% down at 6.66%. That is $643 principal and interest, $194 property tax, $83 homeowners insurance, $216 utilities and $104 set aside for maintenance.
What is the property tax rate in Commerce?
Commerce has an effective property tax rate of 1.861%, based on a median home value of $124,800 and median real estate taxes of $2,323. That is higher than the Hunt County average of 1.297%.
What is the average home price in Commerce?
The median owner-occupied home value in Commerce, Texas is $124,800, against $210,900 across Hunt County.
Is it cheaper to rent or buy in Commerce?
Median gross rent in Commerce is $902 a month, against $1,239 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 Commerce — 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.