Total monthly cost of ownership
Cost to Own a Home in Denver City, Texas
A $184,000 home here costs
$1,682per 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 $72,000 a year.
A standard mortgage calculator would have told you $1,003. The real number is $679 higher every month, 68% more than the payment most buyers budget for.
Compare Gaines County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Denver City from a five-year rolling sample, and with about 4,388 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 Gaines 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.
Denver City against Gaines County and Texas
| Measure | Denver City | Gaines County |
|---|---|---|
| Median home value | $184,000 | $185,300 |
| Median property tax | $1,941 | $2,721 |
| Effective tax rate | 1.055% | 1.468% |
| Median gross rent | $973 | $788 |
| Population | 4,388 | 21,904 |
Denver City extends across 2 counties. Figures here use Gaines County, where most of its housing sits.
The weather behind that power bill
Denver City sits in Gaines County, which averages a high of 94.0°F in its hottest month and a low of 27.9°F in its coldest, with 17.21" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 1,917 cooling and 3,096 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Gaines County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Gaines County
Talk to someone who works this market
These are Denver City 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 Denver City every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Denver City?
A $184,000 home in Denver City, Texas costs approximately $1,682 per month with 20% down at 7.24%. That is $1,003 principal and interest, $162 property tax, $122 homeowners insurance, $242 utilities and $153 set aside for maintenance.
What is the property tax rate in Denver City?
Denver City has an effective property tax rate of 1.055%, based on a median home value of $184,000 and median real estate taxes of $1,941. That is lower than the Gaines County average of 1.468%.
What is the average home price in Denver City?
The median owner-occupied home value in Denver City, Texas is $184,000, against $185,300 across Gaines County.
Is it cheaper to rent or buy in Denver City?
Median gross rent in Denver City is $973 a month, against $1,682 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 Denver City?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Denver City, Texas at today's rate takes a household income of roughly $72,000 a year. That covers the full $1,682 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Denver City, 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.