Total monthly cost of ownership
Cost to Own a Home in Elm Creek, Texas
A $117,000 home here costs
$1,072per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $601. The real number is $470 higher every month — 78% 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.
Elm Creek against Maverick County and Texas
| Measure | Elm Creek | Maverick County |
|---|---|---|
| Median home value | $116,500 | $151,500 |
| Median property tax | $949 | $2,112 |
| Effective tax rate | 0.815% | 1.394% |
| Median gross rent | — | $789 |
| Population | 3,730 | 57,770 |
The weather behind that power bill
Elm Creek sits in Maverick County, which averages a high of 98.6°F in its hottest month and a low of 39.7°F in its coldest, with 20.83" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 3,339 cooling and 1,400 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Maverick County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Maverick County
Common questions
How much does it cost to own a home in Elm Creek?
A $117,000 home in Elm Creek, Texas costs approximately $1,072 per month with 20% down at 6.66%. That is $601 principal and interest, $79 property tax, $77 homeowners insurance, $216 utilities and $98 set aside for maintenance.
What is the property tax rate in Elm Creek?
Elm Creek has an effective property tax rate of 0.815%, based on a median home value of $116,500 and median real estate taxes of $949. That is lower than the Maverick County average of 1.394%.
What is the average home price in Elm Creek?
The median owner-occupied home value in Elm Creek, Texas is $116,500, against $151,500 across Maverick County.
Is it cheaper to rent or buy in Elm Creek?
Rent data is not published for Elm Creek at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Elm Creek — 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.