Total monthly cost of ownership
Cost to Own a Home in Friona, Texas
A $93,000 home here costs
$1,037per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $478. The real number is $559 higher every month — 117% 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.
Friona against Parmer County and Texas
| Measure | Friona | Parmer County |
|---|---|---|
| Median home value | $93,400 | $127,300 |
| Median property tax | $2,461 | $1,994 |
| Effective tax rate | 2.635% | 1.566% |
| Median gross rent | $976 | $1,015 |
| Population | 4,116 | 9,752 |
The weather behind that power bill
Friona sits in Parmer County, which averages a high of 91.2°F in its hottest month and a low of 22.4°F in its coldest, with 19.29" of precipitation a year and 43% of it in a single three-month stretch. That climate drives 1,296 cooling and 4,243 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Parmer County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Parmer County
Common questions
How much does it cost to own a home in Friona?
A $93,000 home in Friona, Texas costs approximately $1,037 per month with 20% down at 6.66%. That is $478 principal and interest, $204 property tax, $62 homeowners insurance, $216 utilities and $78 set aside for maintenance.
What is the property tax rate in Friona?
Friona has an effective property tax rate of 2.635%, based on a median home value of $93,400 and median real estate taxes of $2,461. That is higher than the Parmer County average of 1.566%.
What is the average home price in Friona?
The median owner-occupied home value in Friona, Texas is $93,400, against $127,300 across Parmer County.
Is it cheaper to rent or buy in Friona?
Median gross rent in Friona is $976 a month, against $1,037 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 Friona — 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.