Total monthly cost of ownership
Cost to Own a Home in Fairfield, Texas
A $159,000 home here costs
$1,455per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $817. The real number is $638 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.
Fairfield against Freestone County and Texas
| Measure | Fairfield | Freestone County |
|---|---|---|
| Median home value | $159,000 | $164,400 |
| Median property tax | $2,208 | $1,705 |
| Effective tax rate | 1.389% | 1.037% |
| Median gross rent | $975 | $844 |
| Population | 2,899 | 19,813 |
The weather behind that power bill
Fairfield sits in Freestone County, which averages a high of 95.2°F in its hottest month and a low of 36.0°F in its coldest, with 43.49" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,506 cooling and 2,194 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Freestone County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Freestone County
Full Freestone County cost breakdown · Every county in Texas
Common questions
How much does it cost to own a home in Fairfield?
A $159,000 home in Fairfield, Texas costs approximately $1,455 per month with 20% down at 6.66%. That is $817 principal and interest, $184 property tax, $105 homeowners insurance, $216 utilities and $133 set aside for maintenance.
What is the property tax rate in Fairfield?
Fairfield has an effective property tax rate of 1.389%, based on a median home value of $159,000 and median real estate taxes of $2,208. That is higher than the Freestone County average of 1.037%.
What is the average home price in Fairfield?
The median owner-occupied home value in Fairfield, Texas is $159,000, against $164,400 across Freestone County.
Is it cheaper to rent or buy in Fairfield?
Median gross rent in Fairfield is $975 a month, against $1,455 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 Fairfield — 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.