Total monthly cost of ownership
Cost to Own a Home in Dimmitt, Texas
A $89,000 home here costs
$968per 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 $41,500 a year.
A standard mortgage calculator would have told you $485. The real number is $482 higher every month, 99% more than the payment most buyers budget for.
Compare Castro County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Dimmitt from a five-year rolling sample, and with about 4,143 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 Castro 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.
Dimmitt against Castro County and Texas
| Measure | Dimmitt | Castro County |
|---|---|---|
| Median home value | $88,500 | $94,900 |
| Median property tax | $1,275 | $1,067 |
| Effective tax rate | 1.441% | 1.124% |
| Median gross rent | $890 | $910 |
| Population | 4,143 | 7,328 |
The weather behind that power bill
Dimmitt sits in Castro County, which averages a high of 91.7°F in its hottest month and a low of 22.3°F in its coldest, with 21" of precipitation a year and 43% of it in a single three-month stretch. That climate drives 1,340 cooling and 4,235 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Castro County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Castro County
No other places of this size are published in Castro County.
Talk to someone who works this market
These are Dimmitt 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 Dimmitt every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Dimmitt I already own here and may sell
Common questions
How much does it cost to own a home in Dimmitt?
A $89,000 home in Dimmitt, Texas costs approximately $968 per month with 20% down at 7.24%. That is $485 principal and interest, $107 property tax, $59 homeowners insurance, $242 utilities and $74 set aside for maintenance.
What is the property tax rate in Dimmitt?
Dimmitt has an effective property tax rate of 1.441%, based on a median home value of $88,500 and median real estate taxes of $1,275. That is higher than the Castro County average of 1.124%.
What is the average home price in Dimmitt?
The median owner-occupied home value in Dimmitt, Texas is $88,500, against $94,900 across Castro County.
Is it cheaper to rent or buy in Dimmitt?
Median gross rent in Dimmitt is $890 a month, against $968 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 Dimmitt?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Dimmitt, Texas at today's rate takes a household income of roughly $41,500 a year. That covers the full $968 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Dimmitt, 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.