Total monthly cost of ownership
Cost to Own a Home in Graham, Texas
A $173,000 home here costs
$1,667per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $71,500 a year.
A standard mortgage calculator would have told you $943. The real number is $724 higher every month, 77% more than the payment most buyers budget for.
Compare Young County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Graham against Young County and Texas
| Measure | Graham | Young County |
|---|---|---|
| Median home value | $173,000 | $165,300 |
| Median property tax | $2,677 | $2,006 |
| Effective tax rate | 1.547% | 1.214% |
| Median gross rent | $970 | $849 |
| Population | 8,758 | 17,963 |
The weather behind that power bill
Graham sits in Young County, which averages a high of 97.7°F in its hottest month and a low of 29.5°F in its coldest, with 29.96" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 2,584 cooling and 2,723 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Young County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Young County
Talk to someone who works this market
These are Graham averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Graham every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Graham I already own here and may sell
Common questions
How much does it cost to own a home in Graham?
A $173,000 home in Graham, Texas costs approximately $1,667 per month with 20% down at 7.24%. That is $943 principal and interest, $223 property tax, $114 homeowners insurance, $242 utilities and $144 set aside for maintenance.
What is the property tax rate in Graham?
Graham has an effective property tax rate of 1.547%, based on a median home value of $173,000 and median real estate taxes of $2,677. That is higher than the Young County average of 1.214%.
What is the average home price in Graham?
The median owner-occupied home value in Graham, Texas is $173,000, against $165,300 across Young County.
Is it cheaper to rent or buy in Graham?
Median gross rent in Graham is $970 a month, against $1,667 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Graham?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Graham, Texas at today's rate takes a household income of roughly $71,500 a year. That covers the full $1,667 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Graham, 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.