Total monthly cost of ownership
Cost to Own a Home in Floydada, Texas
A $83,000 home here costs
$854per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $427. The real number is $428 higher every month — 100% 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.
Floydada against Floyd County and Texas
| Measure | Floydada | Floyd County |
|---|---|---|
| Median home value | $83,400 | $101,000 |
| Median property tax | $1,059 | $1,090 |
| Effective tax rate | 1.270% | 1.079% |
| Median gross rent | $510 | $587 |
| Population | 2,618 | 5,294 |
The weather behind that power bill
Floydada sits in Floyd County, which averages a high of 92.4°F in its hottest month and a low of 25.3°F in its coldest, with 20.19" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 1,706 cooling and 3,698 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Floyd County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Floyd County
Common questions
How much does it cost to own a home in Floydada?
A $83,000 home in Floydada, Texas costs approximately $854 per month with 20% down at 6.66%. That is $427 principal and interest, $88 property tax, $55 homeowners insurance, $216 utilities and $69 set aside for maintenance.
What is the property tax rate in Floydada?
Floydada has an effective property tax rate of 1.270%, based on a median home value of $83,400 and median real estate taxes of $1,059. That is higher than the Floyd County average of 1.079%.
What is the average home price in Floydada?
The median owner-occupied home value in Floydada, Texas is $83,400, against $101,000 across Floyd County.
Is it cheaper to rent or buy in Floydada?
Median gross rent in Floydada is $510 a month, against $854 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 Floydada — 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.