Total monthly cost of ownership
Cost to Own a Home in Crane, Texas
A $128,000 home here costs
$1,219per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $658. The real number is $561 higher every month — 85% 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.
Crane against Crane County and Texas
| Measure | Crane | Crane County |
|---|---|---|
| Median home value | $128,400 | $119,900 |
| Median property tax | $1,855 | $1,568 |
| Effective tax rate | 1.445% | 1.308% |
| Median gross rent | $817 | $883 |
| Population | 3,304 | 4,623 |
The weather behind that power bill
Crane sits in Crane County, which averages a high of 95.4°F in its hottest month and a low of 32.2°F in its coldest, with 12.13" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 2,745 cooling and 2,256 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Crane County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Crane County
No other places of this size are published in Crane County.
Common questions
How much does it cost to own a home in Crane?
A $128,000 home in Crane, Texas costs approximately $1,219 per month with 20% down at 6.66%. That is $658 principal and interest, $154 property tax, $85 homeowners insurance, $216 utilities and $107 set aside for maintenance.
What is the property tax rate in Crane?
Crane has an effective property tax rate of 1.445%, based on a median home value of $128,400 and median real estate taxes of $1,855. That is higher than the Crane County average of 1.308%.
What is the average home price in Crane?
The median owner-occupied home value in Crane, Texas is $128,400, against $119,900 across Crane County.
Is it cheaper to rent or buy in Crane?
Median gross rent in Crane is $817 a month, against $1,219 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 Crane — 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.