Total monthly cost of ownership
Cost to Own a Home in Corsicana, Texas
A $161,000 home here costs
$1,532per 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 $65,500 a year.
A standard mortgage calculator would have told you $878. The real number is $655 higher every month, 75% more than the payment most buyers budget for.
Compare Navarro 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.
Corsicana against Navarro County and Texas
| Measure | Corsicana | Navarro County |
|---|---|---|
| Median home value | $161,400 | $159,900 |
| Median property tax | $2,063 | $2,119 |
| Effective tax rate | 1.278% | 1.325% |
| Median gross rent | $1,038 | $1,039 |
| Population | 25,344 | 53,735 |
The weather behind that power bill
Corsicana sits in Navarro County, which averages a high of 96.0°F in its hottest month and a low of 37.5°F in its coldest, with 39.33" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,772 cooling and 2,021 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Navarro County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Navarro County
Talk to someone who works this market
These are Corsicana 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 Corsicana every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Corsicana I already own here and may sell
Common questions
How much does it cost to own a home in Corsicana?
A $161,000 home in Corsicana, Texas costs approximately $1,532 per month with 20% down at 7.24%. That is $878 principal and interest, $171 property tax, $107 homeowners insurance, $242 utilities and $134 set aside for maintenance.
What is the property tax rate in Corsicana?
Corsicana has an effective property tax rate of 1.278%, based on a median home value of $161,400 and median real estate taxes of $2,063. That is lower than the Navarro County average of 1.325%.
What is the average home price in Corsicana?
The median owner-occupied home value in Corsicana, Texas is $161,400, against $159,900 across Navarro County.
Is it cheaper to rent or buy in Corsicana?
Median gross rent in Corsicana is $1,038 a month, against $1,532 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 Corsicana?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Corsicana, Texas at today's rate takes a household income of roughly $65,500 a year. That covers the full $1,532 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Corsicana, 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.