Total monthly cost of ownership
Cost to Own a Home in Corrigan, Texas
A $107,000 home here costs
$1,100per 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 $47,000 a year.
A standard mortgage calculator would have told you $583. The real number is $517 higher every month, 89% more than the payment most buyers budget for.
Compare Polk County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Corrigan from a five-year rolling sample, and with about 2,218 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 Polk 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.
Corrigan against Polk County and Texas
| Measure | Corrigan | Polk County |
|---|---|---|
| Median home value | $107,400 | $154,000 |
| Median property tax | $1,378 | $1,597 |
| Effective tax rate | 1.283% | 1.037% |
| Median gross rent | $702 | $1,009 |
| Population | 2,218 | 51,780 |
The weather behind that power bill
Corrigan sits in Polk County, which averages a high of 95.5°F in its hottest month and a low of 40.1°F in its coldest, with 50.98" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,996 cooling and 1,647 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Polk County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Polk County
Talk to someone who works this market
These are Corrigan 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 Corrigan every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Corrigan I already own here and may sell
Common questions
How much does it cost to own a home in Corrigan?
A $107,000 home in Corrigan, Texas costs approximately $1,100 per month with 20% down at 7.24%. That is $583 principal and interest, $114 property tax, $71 homeowners insurance, $242 utilities and $89 set aside for maintenance.
What is the property tax rate in Corrigan?
Corrigan has an effective property tax rate of 1.283%, based on a median home value of $107,400 and median real estate taxes of $1,378. That is higher than the Polk County average of 1.037%.
What is the average home price in Corrigan?
The median owner-occupied home value in Corrigan, Texas is $107,400, against $154,000 across Polk County.
Is it cheaper to rent or buy in Corrigan?
Median gross rent in Corrigan is $702 a month, against $1,100 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 Corrigan?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Corrigan, Texas at today's rate takes a household income of roughly $47,000 a year. That covers the full $1,100 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Corrigan, 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.