Total monthly cost of ownership
Cost to Own a Home in Hubbard, Texas
A $116,000 home here costs
$1,215per 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 $52,000 a year.
A standard mortgage calculator would have told you $632. The real number is $583 higher every month, 92% more than the payment most buyers budget for.
Compare Hill County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Hubbard from a five-year rolling sample, and with about 1,492 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 Hill 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.
Hubbard against Hill County and Texas
| Measure | Hubbard | Hill County |
|---|---|---|
| Median home value | $115,600 | $163,100 |
| Median property tax | $2,000 | $2,012 |
| Effective tax rate | 1.730% | 1.234% |
| Median gross rent | $877 | $929 |
| Population | 1,492 | 36,664 |
The weather behind that power bill
Hubbard sits in Hill County, which averages a high of 97.0°F in its hottest month and a low of 33.9°F in its coldest, with 38.74" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,674 cooling and 2,257 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Hill County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hill County
Talk to someone who works this market
These are Hubbard 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 Hubbard every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Hubbard I already own here and may sell
Common questions
How much does it cost to own a home in Hubbard?
A $116,000 home in Hubbard, Texas costs approximately $1,215 per month with 20% down at 7.24%. That is $632 principal and interest, $167 property tax, $77 homeowners insurance, $242 utilities and $97 set aside for maintenance.
What is the property tax rate in Hubbard?
Hubbard has an effective property tax rate of 1.730%, based on a median home value of $115,600 and median real estate taxes of $2,000. That is higher than the Hill County average of 1.234%.
What is the average home price in Hubbard?
The median owner-occupied home value in Hubbard, Texas is $115,600, against $163,100 across Hill County.
Is it cheaper to rent or buy in Hubbard?
Median gross rent in Hubbard is $877 a month, against $1,215 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 Hubbard?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hubbard, Texas at today's rate takes a household income of roughly $52,000 a year. That covers the full $1,215 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hubbard, 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.