Total monthly cost of ownership
Cost to Own a Home in Denison, Texas
A $168,000 home here costs
$1,521per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $864. The real number is $657 higher every month — 76% 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.
Denison against Grayson County and Texas
| Measure | Denison | Grayson County |
|---|---|---|
| Median home value | $167,800 | $228,300 |
| Median property tax | $2,280 | $2,953 |
| Effective tax rate | 1.359% | 1.293% |
| Median gross rent | $1,161 | $1,178 |
| Population | 25,347 | 139,988 |
The weather behind that power bill
Denison sits in Grayson County, which averages a high of 92.7°F in its hottest month and a low of 33.9°F in its coldest, with 44.29" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,261 cooling and 2,727 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Grayson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Grayson County
Common questions
How much does it cost to own a home in Denison?
A $168,000 home in Denison, Texas costs approximately $1,521 per month with 20% down at 6.66%. That is $864 principal and interest, $190 property tax, $111 homeowners insurance, $216 utilities and $140 set aside for maintenance.
What is the property tax rate in Denison?
Denison has an effective property tax rate of 1.359%, based on a median home value of $167,800 and median real estate taxes of $2,280. That is higher than the Grayson County average of 1.293%.
What is the average home price in Denison?
The median owner-occupied home value in Denison, Texas is $167,800, against $228,300 across Grayson County.
Is it cheaper to rent or buy in Denison?
Median gross rent in Denison is $1,161 a month, against $1,521 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 Denison — 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.