Total monthly cost of ownership
Cost to Own a Home in Conroe, Texas
A $283,000 home here costs
$2,645per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $113,500 a year.
A standard mortgage calculator would have told you $1,568. The real number is $1,077 higher every month, 69% more than the payment most buyers budget for.
Compare Montgomery County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Conroe against Montgomery County and Texas
| Measure | Conroe | Montgomery County |
|---|---|---|
| Median home value | $283,100 | $317,500 |
| Median property tax | $4,947 | $5,237 |
| Effective tax rate | 1.747% | 1.649% |
| Median gross rent | $1,350 | $1,471 |
| Population | 96,976 | 654,722 |
The weather behind that power bill
Conroe 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 $174 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
Talk to someone who works this market
These are Conroe 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 Conroe every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Conroe I already own here and may sell
Common questions
How much does it cost to own a home in Conroe?
A $283,000 home in Conroe, Texas costs approximately $2,645 per month with 20% down at 7.4%. That is $1,568 principal and interest, $412 property tax, $187 homeowners insurance, $242 utilities and $236 set aside for maintenance.
What is the property tax rate in Conroe?
Conroe has an effective property tax rate of 1.747%, based on a median home value of $283,100 and median real estate taxes of $4,947. That is higher than the Montgomery County average of 1.649%.
What is the average home price in Conroe?
The median owner-occupied home value in Conroe, Texas is $283,100, against $317,500 across Montgomery County.
Is it cheaper to rent or buy in Conroe?
Median gross rent in Conroe is $1,350 a month, against $2,645 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 Conroe?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Conroe, Texas at today's rate takes a household income of roughly $113,500 a year. That covers the full $2,645 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Conroe, 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.