Total monthly cost of ownership
Cost to Own a Home in Electra, Texas
A $52,000 home here costs
$678per 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 $29,000 a year.
A standard mortgage calculator would have told you $284. The real number is $394 higher every month, 139% more than the payment most buyers budget for.
Compare Wichita County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Electra from a five-year rolling sample, and with about 2,259 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 Wichita 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.
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 $174 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
Talk to someone who works this market
These are Electra 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 Electra every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Electra I already own here and may sell
Common questions
How much does it cost to own a home in Electra?
A $52,000 home in Electra, Texas costs approximately $678 per month with 20% down at 7.24%. That is $284 principal and interest, $74 property tax, $34 homeowners insurance, $242 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 $678 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Electra?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Electra, Texas at today's rate takes a household income of roughly $29,000 a year. That covers the full $678 monthly cost, not just the mortgage payment.
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.