Total monthly cost of ownership
Cost to Own a Home in Gruver, Texas
A $107,000 home here costs
$1,135per 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 $48,500 a year.
A standard mortgage calculator would have told you $583. The real number is $551 higher every month, 94% more than the payment most buyers budget for.
Compare Hansford County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Gruver from a five-year rolling sample, and with about 1,255 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Hansford County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Gruver against Hansford County and Texas
| Measure | Gruver | Hansford County |
|---|---|---|
| Median home value | $107,300 | $132,100 |
| Median property tax | $1,792 | $2,165 |
| Effective tax rate | 1.670% | 1.639% |
| Median gross rent | $783 | $770 |
| Population | 1,255 | 5,182 |
The weather behind that power bill
Gruver sits in Hansford County, which averages a high of 93.1°F in its hottest month and a low of 20.2°F in its coldest, with 20.61" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 1,439 cooling and 4,574 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Hansford County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hansford County
Talk to someone who works this market
These are Gruver 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 Gruver every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Gruver?
A $107,000 home in Gruver, Texas costs approximately $1,135 per month with 20% down at 7.24%. That is $583 principal and interest, $149 property tax, $71 homeowners insurance, $242 utilities and $89 set aside for maintenance.
What is the property tax rate in Gruver?
Gruver has an effective property tax rate of 1.670%, based on a median home value of $107,300 and median real estate taxes of $1,792. That is higher than the Hansford County average of 1.639%.
What is the average home price in Gruver?
The median owner-occupied home value in Gruver, Texas is $107,300, against $132,100 across Hansford County.
Is it cheaper to rent or buy in Gruver?
Median gross rent in Gruver is $783 a month, against $1,135 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 Gruver?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Gruver, Texas at today's rate takes a household income of roughly $48,500 a year. That covers the full $1,135 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Gruver, 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.