Total monthly cost of ownership
Cost to Own a Home in Horizon City, Texas
A $154,000 home here costs
$1,666per month, all in, with 20% down at today's 7.40% 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 $853. The real number is $813 higher every month, 95% more than the payment most buyers budget for.
Compare El Paso 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.
Horizon City against El Paso County and Texas
| Measure | Horizon City | El Paso County |
|---|---|---|
| Median home value | $154,200 | $167,300 |
| Median property tax | $4,089 | $3,490 |
| Effective tax rate | 2.652% | 2.086% |
| Median gross rent | $1,239 | $1,045 |
| Population | 23,069 | 866,275 |
The weather behind that power bill
Horizon City sits in El Paso County, which averages a high of 97.1°F in its hottest month and a low of 34.4°F in its coldest, with 8.78" of precipitation a year and 54% of it in a single three-month stretch. That climate drives 2,662 cooling and 2,206 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for El Paso County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in El Paso County
Talk to someone who works this market
These are Horizon City 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 Horizon City every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Horizon City I already own here and may sell
Common questions
How much does it cost to own a home in Horizon City?
A $154,000 home in Horizon City, Texas costs approximately $1,666 per month with 20% down at 7.4%. That is $853 principal and interest, $340 property tax, $102 homeowners insurance, $242 utilities and $128 set aside for maintenance.
What is the property tax rate in Horizon City?
Horizon City has an effective property tax rate of 2.652%, based on a median home value of $154,200 and median real estate taxes of $4,089. That is higher than the El Paso County average of 2.086%.
What is the average home price in Horizon City?
The median owner-occupied home value in Horizon City, Texas is $154,200, against $167,300 across El Paso County.
Is it cheaper to rent or buy in Horizon City?
Median gross rent in Horizon City is $1,239 a month, against $1,666 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 Horizon City?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Horizon City, Texas at today's rate takes a household income of roughly $71,500 a year. That covers the full $1,666 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Horizon City, 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.