Total monthly cost of ownership
Cost to Own a Home in Electra, Texas
A $52,000 home here costs
$635per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $267. The real number is $368 higher every month — 138% 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.
Electra against Wichita County and Texas
| Measure | Electra | Wichita County |
|---|---|---|
| Median home value | $52,300 | $141,600 |
| Median property tax | $896 | $2,501 |
| Effective tax rate | 1.713% | 1.766% |
| Median gross rent | $761 | $972 |
| Population | 2,259 | 129,842 |
The weather behind that power bill
Electra sits in Wichita County, which averages a high of 97.2°F in its hottest month and a low of 30.0°F in its coldest, with 27.89" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 2,445 cooling and 2,897 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Wichita County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wichita County
Common questions
How much does it cost to own a home in Electra?
A $52,000 home in Electra, Texas costs approximately $635 per month with 20% down at 6.66%. That is $267 principal and interest, $74 property tax, $34 homeowners insurance, $216 utilities and $43 set aside for maintenance.
What is the property tax rate in Electra?
Electra has an effective property tax rate of 1.713%, based on a median home value of $52,300 and median real estate taxes of $896. That is lower than the Wichita County average of 1.766%.
What is the average home price in Electra?
The median owner-occupied home value in Electra, Texas is $52,300, against $141,600 across Wichita County.
Is it cheaper to rent or buy in Electra?
Median gross rent in Electra is $761 a month, against $635 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Electra — 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.