Total monthly cost of ownership
Cost to Own a Home in Denver City, Texas
A $184,000 home here costs
$1,599per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $946. The real number is $653 higher every month — 69% 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.
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 $148 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
Common questions
How much does it cost to own a home in Denver City?
A $184,000 home in Denver City, Texas costs approximately $1,599 per month with 20% down at 6.66%. That is $946 principal and interest, $162 property tax, $122 homeowners insurance, $216 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 $1,599 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 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.