Total monthly cost of ownership
Cost to Own a Home in Idalou, Texas
A $176,000 home here costs
$1,621per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $905. The real number is $716 higher every month — 79% 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.
Idalou against Lubbock County and Texas
| Measure | Idalou | Lubbock County |
|---|---|---|
| Median home value | $175,700 | $199,600 |
| Median property tax | $2,841 | $3,119 |
| Effective tax rate | 1.617% | 1.563% |
| Median gross rent | $672 | $1,134 |
| Population | 2,389 | 314,633 |
The weather behind that power bill
Idalou sits in Lubbock County, which averages a high of 93.4°F in its hottest month and a low of 27.2°F in its coldest, with 18.33" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 1,950 cooling and 3,243 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Lubbock County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lubbock County
Common questions
How much does it cost to own a home in Idalou?
A $176,000 home in Idalou, Texas costs approximately $1,621 per month with 20% down at 6.66%. That is $905 principal and interest, $237 property tax, $116 homeowners insurance, $216 utilities and $147 set aside for maintenance.
What is the property tax rate in Idalou?
Idalou has an effective property tax rate of 1.617%, based on a median home value of $175,700 and median real estate taxes of $2,841. That is higher than the Lubbock County average of 1.563%.
What is the average home price in Idalou?
The median owner-occupied home value in Idalou, Texas is $175,700, against $199,600 across Lubbock County.
Is it cheaper to rent or buy in Idalou?
Median gross rent in Idalou is $672 a month, against $1,621 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 Idalou — 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.