Total monthly cost of ownership
Cost to Own a Home in Henderson, Texas
A $167,000 home here costs
$1,484per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $859. The real number is $626 higher every month — 73% 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.
Henderson against Rusk County and Texas
| Measure | Henderson | Rusk County |
|---|---|---|
| Median home value | $166,900 | $166,900 |
| Median property tax | $1,923 | $1,670 |
| Effective tax rate | 1.152% | 1.001% |
| Median gross rent | $1,011 | $997 |
| Population | 13,348 | 52,613 |
The weather behind that power bill
Henderson sits in Rusk County, which averages a high of 95.0°F in its hottest month and a low of 35.6°F in its coldest, with 50.41" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 2,477 cooling and 2,214 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Rusk County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Rusk County
Common questions
How much does it cost to own a home in Henderson?
A $167,000 home in Henderson, Texas costs approximately $1,484 per month with 20% down at 6.66%. That is $859 principal and interest, $160 property tax, $110 homeowners insurance, $216 utilities and $139 set aside for maintenance.
What is the property tax rate in Henderson?
Henderson has an effective property tax rate of 1.152%, based on a median home value of $166,900 and median real estate taxes of $1,923. That is higher than the Rusk County average of 1.001%.
What is the average home price in Henderson?
The median owner-occupied home value in Henderson, Texas is $166,900, against $166,900 across Rusk County.
Is it cheaper to rent or buy in Henderson?
Median gross rent in Henderson is $1,011 a month, against $1,484 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 Henderson — 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.