Total monthly cost of ownership
Cost to Own a Home in Henderson, Texas
A $167,000 home here costs
$1,563per 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 $67,000 a year.
A standard mortgage calculator would have told you $910. The real number is $652 higher every month, 72% more than the payment most buyers budget for.
Compare Rusk 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.
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 $174 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
Talk to someone who works this market
These are Henderson 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 Henderson every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Henderson I already own here and may sell
Common questions
How much does it cost to own a home in Henderson?
A $167,000 home in Henderson, Texas costs approximately $1,563 per month with 20% down at 7.24%. That is $910 principal and interest, $160 property tax, $110 homeowners insurance, $242 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 $1,563 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 Henderson?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Henderson, Texas at today's rate takes a household income of roughly $67,000 a year. That covers the full $1,563 monthly cost, not just the mortgage payment.
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.