Total monthly cost of ownership
Cost to Own a Home in Emory, Texas
A $188,000 home here costs
$1,620per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $967. The real number is $653 higher every month — 68% 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.
Emory against Rains County and Texas
| Measure | Emory | Rains County |
|---|---|---|
| Median home value | $187,500 | $214,900 |
| Median property tax | $1,870 | $2,350 |
| Effective tax rate | 0.997% | 1.094% |
| Median gross rent | $912 | $895 |
| Population | 1,304 | 12,505 |
The weather behind that power bill
Emory sits in Rains County, which averages a high of 92.0°F in its hottest month and a low of 33.0°F in its coldest, with 45.44" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,119 cooling and 2,667 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Rains County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Rains County
No other places of this size are published in Rains County.
Common questions
How much does it cost to own a home in Emory?
A $188,000 home in Emory, Texas costs approximately $1,620 per month with 20% down at 6.66%. That is $967 principal and interest, $156 property tax, $124 homeowners insurance, $216 utilities and $157 set aside for maintenance.
What is the property tax rate in Emory?
Emory has an effective property tax rate of 0.997%, based on a median home value of $187,500 and median real estate taxes of $1,870. That is lower than the Rains County average of 1.094%.
What is the average home price in Emory?
The median owner-occupied home value in Emory, Texas is $187,500, against $214,900 across Rains County.
Is it cheaper to rent or buy in Emory?
Median gross rent in Emory is $912 a month, against $1,620 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 Emory — 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.