Total monthly cost of ownership
Cost to Own a Home in Fabens, Texas
A $89,000 home here costs
$907per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $458. The real number is $449 higher every month — 98% 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.
Fabens against El Paso County and Texas
| Measure | Fabens | El Paso County |
|---|---|---|
| Median home value | $88,900 | $167,300 |
| Median property tax | $1,205 | $3,490 |
| Effective tax rate | 1.355% | 2.086% |
| Median gross rent | $645 | $1,045 |
| Population | 4,704 | 866,275 |
The weather behind that power bill
Fabens sits in El Paso County, which averages a high of 97.1°F in its hottest month and a low of 34.4°F in its coldest, with 8.78" of precipitation a year and 54% of it in a single three-month stretch. That climate drives 2,662 cooling and 2,206 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for El Paso County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in El Paso County
Common questions
How much does it cost to own a home in Fabens?
A $89,000 home in Fabens, Texas costs approximately $907 per month with 20% down at 6.66%. That is $458 principal and interest, $100 property tax, $59 homeowners insurance, $216 utilities and $74 set aside for maintenance.
What is the property tax rate in Fabens?
Fabens has an effective property tax rate of 1.355%, based on a median home value of $88,900 and median real estate taxes of $1,205. That is lower than the El Paso County average of 2.086%.
What is the average home price in Fabens?
The median owner-occupied home value in Fabens, Texas is $88,900, against $167,300 across El Paso County.
Is it cheaper to rent or buy in Fabens?
Median gross rent in Fabens is $645 a month, against $907 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 Fabens — 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.