Total monthly cost of ownership
Cost to Own a Home in Iraan, Texas
A $94,000 home here costs
$908per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $483. The real number is $425 higher every month — 88% 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.
Iraan against Pecos County and Texas
| Measure | Iraan | Pecos County |
|---|---|---|
| Median home value | $94,100 | $142,900 |
| Median property tax | $826 | $1,477 |
| Effective tax rate | 0.878% | 1.034% |
| Median gross rent | $965 | $973 |
| Population | 1,415 | 14,983 |
The weather behind that power bill
Iraan sits in Pecos County, which averages a high of 94.7°F in its hottest month and a low of 36.1°F in its coldest, with 12.76" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 2,604 cooling and 1,979 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Pecos County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pecos County
Common questions
How much does it cost to own a home in Iraan?
A $94,000 home in Iraan, Texas costs approximately $908 per month with 20% down at 6.66%. That is $483 principal and interest, $69 property tax, $62 homeowners insurance, $216 utilities and $78 set aside for maintenance.
What is the property tax rate in Iraan?
Iraan has an effective property tax rate of 0.878%, based on a median home value of $94,100 and median real estate taxes of $826. That is lower than the Pecos County average of 1.034%.
What is the average home price in Iraan?
The median owner-occupied home value in Iraan, Texas is $94,100, against $142,900 across Pecos County.
Is it cheaper to rent or buy in Iraan?
Median gross rent in Iraan is $965 a month, against $908 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Iraan — 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.